Converting from Azerbaijani Manat (AZN) to Yemen Riyal (YER)

What is Azerbaijani Manat (AZN)

The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, a country located at the crossroads of Eastern Europe and Western Asia. The Manat was introduced in 1992, replacing the Soviet Ruble. The currency code AZN is derived from the local name for the currency, "Manat."

The symbol for the Azerbaijani Manat is ₼. The currency is subdivided into 100 qəpik, which are coins that come in various denominations. The Manat is known for its stability and is frequently used in international transactions involving Azerbaijan.

Azerbaijan's economy is largely based on oil and gas production, but it also relies on agriculture, tourism, and various other sectors. As a member of the Commonwealth of Independent States (CIS), the Manat operates within the broader economic context of the region. The Azerbaijani Manat's exchange rate can be influenced by factors such as oil prices, economic reforms, and global economic conditions.

What is Yemen Riyal (YER)

The Yemen Riyal (YER) is the official currency of Yemen, a country located in the southwestern part of the Arabian Peninsula. The currency code YER represents the Riyal, which has been in use since the country's unification in 1990. Before that, different regions in Yemen used various currencies.

The symbol for the Yemeni Riyal is ﷼. The currency is subdivided into 100 fils. However, due to economic challenges, smaller denominations have become increasingly rare to see in circulation. Yemen's economy has faced significant hurdles, particularly due to political instability, conflict, and humanitarian challenges.

Trade and remittances from Yemenis living abroad play a vital role in the economy, which is primarily based on agriculture, oil, and gas. The value of the Yemeni Riyal has been highly volatile, impacted by inflation, changes in oil prices, and ongoing conflict within the country. As a result, the exchange rate of the YER can fluctuate widely, affecting its purchasing power and the economy overall.

Currency Conversion

When considering the conversion from Azerbaijani Manat (AZN) to Yemen Riyal (YER), it's essential to refer to current exchange rates, as they change frequently based on the foreign exchange market. To convert AZN to YER, you can use the formula:

Amount in YER = Amount in AZN × Exchange Rate (AZN to YER)

For example, if you have 10 AZN and the current exchange rate is 200 YER for 1 AZN, the calculation would be:

Amount in YER = 10 × 200 = 2000 YER

Understanding the nuances of currency exchange, including factors that influence rates, can help you make informed decisions when converting between the Azerbaijani Manat and the Yemen Riyal. Always check trusted financial sources for the most accurate rates before making exchanges.