Convert Azerbaijani Manat to New Zealand Dollar
Convert Azerbaijani Manat (AZN) to New Zealand Dollar (NZD) using daily updated exchange rates.
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Exchange Rate
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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 New Zealand Dollar
The New Zealand Dollar (NZD), nicknamed the "Kiwi" after the native flightless bird on the one-dollar coin, was introduced in 1967 when New Zealand decimalised its currency. It is the tenth most traded currency in global foreign exchange markets. The Reserve Bank of New Zealand (RBNZ) manages monetary policy with an inflation-targeting floating exchange rate. New Zealand's export-oriented economy is based primarily on dairy products, meat, wool, and wine, alongside tourism and financial services.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).