Converting from Bosnia and Herzegovina Convertible Mark (BAM) to Azerbaijani Manat (AZN)

What is Bosnia and Herzegovina Convertible Mark (BAM)

The Bosnia and Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina. It was introduced in 1998, replacing the Bosnian dinar at a rate of 1 BAM to 1,000 dinars. The BAM is pegged to the euro, which means its value is linked to the euro and tends to fluctuate with changes in the euro's value. The Central Bank of Bosnia and Herzegovina is responsible for issuing the currency and maintaining its stability.

The currency is divided into 100 fening, and it comes in both coins and banknotes. Coins are available in denominations of 5, 10, 20, and 50 fening, as well as 1, 2, and 5 BAM. Banknotes are available in denominations of 1, 5, 10, 20, 50, 100, and 200 BAM. The design of these notes features important historical figures and landmarks from the region, reflecting the rich cultural heritage of the country.

When converting BAM to another currency, such as the Azerbaijani Manat (AZN), it is essential to check the current exchange rate, as it can vary daily due to market conditions.

What is Azerbaijani Manat (AZN)

The Azerbaijani Manat (AZN) is the official currency of Azerbaijan. It was first introduced in 1919 but underwent a re-establishment in 2006 to replace the old manat at a rate of 1 new AZN to 5,000 old AZN. The currency is issued by the Central Bank of Azerbaijan and is also subject to fluctuations based on economic conditions and monetary policy.

Like BAM, the AZN is subdivided into 100 gopik. It is available in both coin and banknote forms. Coins come in denominations of 1, 3, 5, 10, 20, and 50 gopik, as well as 1, 3, and 5 AZN. Banknotes are issued in denominations of 1, 5, 10, 20, 50, 100, and 200 AZN. The design of the manat banknotes features various national symbols, prominent figures, and notable events that highlight Azerbaijan's cultural and historical legacy.

When converting BAM to AZN, currency exchange rates fluctuate based on various factors, including economic indicators, geopolitical events, and market speculation. To get an accurate conversion, you can use a reliable currency converter or check with financial institutions for the most updated rates.

In summary, both the Bosnia and Herzegovina Convertible Mark and the Azerbaijani Manat serve as essential currencies within their respective nations. When planning to convert BAM to AZN, it is crucial to stay informed about the current exchanges rates for accurate financial decisions.