Convert Swedish Krona to Azerbaijani Manat
Convert Swedish Krona (SEK) to Azerbaijani Manat (AZN) using daily updated exchange rates.
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Exchange Rate
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About Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden. Despite being an EU member since 1995, Sweden held a referendum in 2003 in which voters rejected adopting the Euro, and Sweden has since maintained the krona with no current plans for Eurozone entry. The Riksbank, established in 1668, is the world's oldest central bank and manages monetary policy. Sweden has a highly developed, export-oriented economy known for brands like IKEA, Volvo, H&M, Ericsson, and Spotify. The krona is divided into 100 ore, though ore coins are no longer issued.
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".
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).