Converting from Swaziland Lilageni (SZL) to Azerbaijani Manat (AZN)

What is Swaziland Lilageni (SZL)

The Swaziland Lilageni (SZL) is the official currency of Eswatini, formerly known as Swaziland, a small country located in Southern Africa. The name "Lilageni" is derived from a local word meaning "money." The currency code SZL represents this currency on the global financial stage.

Introduced in 1974, the Lilageni replaced the South African Rand at par, meaning that one Lilageni equals one South African Rand (ZAR). This close relationship with the Rand continues, as the Lilageni is used interchangeably with the Rand within Eswatini's borders, creating a unique dual-currency scenario.

The currency is subdivided into 100 cents, similar to other currencies like the US dollar or Euro. Coins are available in denominations of 1, 2, 5, 10, 20, 50 cents, and 1, 2, and 5 lilagenis, while banknotes come in 10, 20, 50, 100, and 200 lilagenis. The central bank, the Central Bank of Eswatini, is responsible for issuing and regulating the currency.

What is Azerbaijani Manat (AZN)

The Azerbaijani Manat (AZN) is the currency of Azerbaijan, a country located in the South Caucasus region at the crossroads of Eastern Europe and Western Asia. Its symbol, ₼, represents a modern and evolving economy. The currency code AZN is widely used in international financial transactions to denote the Azerbaijani Manat.

The Manat was introduced in 1992, replacing the Soviet ruble as the legal tender following Azerbaijan’s independence from the Soviet Union. Initially, the currency faced challenges such as inflation and currency devaluation, but it has seen significant stabilization over the years.

The manat is subdivided into 100 qəpik (the singular form is qəpik), and notes are available in denominations of 1, 5, 10, 20, 50, 100, and 200 manats. Coins typically come in 1, 5, 10, 20, 50 qəpik, and 1 manat. The Central Bank of Azerbaijan oversees the issuance of the manat and maintains its value in the foreign exchange market.

Currency Conversion

If you're considering converting from SZL to AZN, it's essential to be aware of the current exchange rate, which fluctuates due to market demand, economic conditions, and geopolitical factors. To convert Lilagenis to Manat, the following formula can be applied:

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

In your transaction, remember that exchange rates can change rapidly; therefore, it is advisable to check reliable sources for the most current rates before making conversions. There are many online currency converters, banks, and financial institutions that can assist you in this process.

In conclusion, understanding both SWL and AZN helps facilitate international trade and travel, enabling seamless financial transactions between Eswatini and Azerbaijan.