Converting from Ghanaian Cedi (GHS) to Azerbaijani Manat (AZN)

What is Ghanaian Cedi (GHS)

The Ghanaian cedi (GHS) is the official currency of Ghana, a country located in West Africa. Introduced in July 2007, the cedi replaced the previous currency, the Ghanaian pesewa, at a rate of 1 cedi to 10,000 pesewas. The term "cedi" comes from the Akan word for "cowry shell," which was historically used as money in the region.

The GHS is a significant part of Ghana's economy and plays a vital role in everyday transactions. The cedi is subdivided into 100 smaller units called pesewas. The coins available include 1, 5, 10, 20, and 50 ghanian pesewas and the banknotes are issued in denominations of 1, 2, 5, 10, 20, 50, and 100 GHS.

In recent years, the cedi has experienced fluctuations in its value due to various economic factors, including inflation and changes in government policy. However, the government of Ghana continues to implement measures aimed at stabilizing the currency and enhancing investor confidence.

What is Azerbaijani Manat (AZN)

The Azerbaijani manat (AZN) is the 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 at a rate of 1 manat to 100 rubles. The name "manat" is derived from the Persian word for "money" or "coin."

The manat is also subdivided into 100 smaller units called qapik. The currency is available in both coins and banknotes. Coins come in denominations of 1, 3, 5, 10, 20, and 50 qapik, while banknotes are issued in 1, 5, 10, 20, 50, and 100 AZN. The design of the manat features prominent figures from Azerbaijani history and culture, reflecting the nation's heritage.

Over the years, the value of the manat has also experienced fluctuations, largely due to global oil prices since Azerbaijan’s economy is heavily reliant on the oil sector. The Azerbaijani government takes steps to manage the currency's stability, particularly during periods of economic uncertainty.

Currency Conversion Overview

When converting Ghanaian cedi (GHS) to Azerbaijani manat (AZN), it is essential to check the current exchange rates. Currency exchange can fluctuate frequently based on market demand and economic conditions.

To calculate the currency conversion, one can use the formula:

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

Understanding the current exchange rate between GHS and AZN enables individuals and businesses to make informed financial decisions, whether they are traveling, trading, or investing. Always use reliable financial sources or currency converters for the most accurate and up-to-date information before making any transactions.