Convert Azerbaijani Manat to Nicaraguan Cordoba
Convert Azerbaijani Manat (AZN) to Nicaraguan Cordoba (NIO) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
About Azerbaijani Manat
The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, reintroduced as the "new manat" in 2006 to replace the old manat at a rate of 5,000 to 1. The Central Bank of the Republic of Azerbaijan issues the manat, which is divided into 100 qapik. Azerbaijan's economy is strongly driven by oil and natural gas exports from the Caspian Sea region, making the manat's value closely tied to energy commodity prices. The currency experienced a significant devaluation in 2015-2016 when oil prices fell sharply. The manat's name derives from the Russian word for "coin".
About Nicaraguan Cordoba
The Nicaraguan Cordoba (NIO) is the official currency of Nicaragua, named after Francisco Hernandez de Cordoba, the Spanish conquistador who founded several of Nicaragua's major colonial cities. The current gold cordoba was introduced in 1991 following a period of hyperinflation under the Nicaraguan Revolution government, replacing the old cordoba at a rate of 5 million to 1. The Banco Central de Nicaragua manages monetary policy with a crawling peg exchange rate that depreciates against the US Dollar at a controlled rate of approximately 3% per year.
Quick Reference Table
| Azerbaijani Manat (AZN) | Nicaraguan Cordoba (NIO) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).