Azerbaijan Manat to Euro — exchange rate

Country of Circulation: Azerbaijan

Currency Code, Symbol: AZN, ₼

Denominations of coins in circulation: 1, 3, 5, 10, 20, 50 qəpik

Denominations of banknotes in circulation: 1, 5, 10, 20, 50, 100, 200 manat

History: The Azerbaijani manat (₼) is the currency that operates within Azerbaijan. The currency is called AZN in the international financial arena for convenience purposes. Manat can be subdivided into qapik.AZN equals 100 qapik, at the moment, there are coins worth 1 qapik used in circulation. The Azerbaijani manat was adopted as the national currency in 1992 after the dissolution of the USSR replacing the Soviet ruble. Many people notice that the national currency of Azerbaijan resembles euro. The Australian designer Robert Kalina, who has also participated in creating euro, took part in designing the notes.Read More

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More