Converting from Belarusian New Ruble (BYN) to Azerbaijani Manat (AZN)

What is Belarusian New Ruble (BYN)

The Belarusian New Ruble (BYN) is the official currency of Belarus. It has been in use since July 1, 2016, when it replaced the previous currency, the Belarusian Ruble (BYR), at a conversion rate of 1 BYN to 10,000 BYR. The introduction of the New Ruble aimed to simplify financial transactions within the country and stabilize the economy.

The BYN is subdivided into 100 kopecks. The central bank of Belarus, the National Bank of the Republic of Belarus, (NBRB) is responsible for issuing this currency and regulating its value. The BYN is used for all forms of transactions in Belarus, both for daily purchases and business dealings.

Factors that influence the exchange rate of the BYN include inflation, foreign investments, and the overall economic health of Belarus. Although the BYN is not widely traded on foreign exchange markets compared to major currencies like the US dollar or the euro, it is essential for those who live or travel in Belarus.

What is Azerbaijani Manat (AZN)

The Azerbaijani Manat (AZN) is the currency of Azerbaijan, introduced in 1992 after the country gained independence from the Soviet Union. Initially, the Manat was subject to high inflation, leading to a series of devaluations. The current version of the Manat was introduced in 2006 to improve the currency's image and to stabilize the economy.

Like the BYN, the Manat is subdivided into 100 qapik. The Central Bank of Azerbaijan (CBA) oversees the management, issuance, and regulation of the Manat in order to maintain a stable economic environment.

The value of the AZN primarily depends on oil prices since Azerbaijan is rich in oil resources. The economy's reliance on energy exports can lead to fluctuations in the currency’s value against other currencies. For those dealing in Azerbaijan, understanding the exchange rate and economic conditions surrounding the AZN can be crucial for making informed financial decisions.

Converting BYN to AZN

To convert Belarusian New Rubles to Azerbaijani Manat, one must closely follow the current exchange rates. As of now, let’s denote the exchange rate as x, where:

1 BYN = x AZN

This means if you have a certain amount in BYN, you can easily calculate how much it will be in AZN by multiplying your BYN amount by x.

For example, if the exchange rate is ＄x = 0.35＄, then:

Amount in AZN = Amount in BYN × 0.35

Always check for the latest rates, as they can fluctuate frequently due to economic conditions.