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base info NEM

NEM to Azerbaijani Manat Converter and calculator

Convert 1NEM (XEM) to Azerbaijani Manat (AZN) equals ₼ 0.04402 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of NEM(XEM) to Azerbaijani Manat(AZN). This is the real-time data. The current conversion shows 1 XEM at a value of 1 XEM for 0.04 AZN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

AZN information

About Azerbaijani Manat (AZN)

Azerbaijan's official currency is the Manat (AZN), which is commonly abbreviated as AZN and represented by the symbol ₼. The Manat is comprised of 100 qəpik, which are smaller units of currency.

Historical Background

The original Azerbaijani Manat was first issued in 1919 but was replaced by the Soviet Ruble in 1923. The reintroduction of the Manat in 1992 was a significant step in post-Soviet Azerbaijan’s economic transformation. It signified the nation's departure from the Soviet economic system and was instrumental in laying the foundation for an independent monetary policy.

Design and Symbolism

The design of the Azerbaijani Manat incorporates elements that reflect Azerbaijan’s history, culture, and economic aspirations. Banknotes and coins feature prominent Azerbaijani figures, architectural landmarks, and symbols representing the country's rich cultural heritage and natural resources. These designs serve not only as a medium for financial transactions but also as reminders of the nation's unique identity and pride.

Economic Role

The Manat plays a central role in Azerbaijan’s economy, which is heavily influenced by oil and natural gas production. As the primary currency, it underpins the energy sector, which dominates the economy, and facilitates other key sectors like agriculture, manufacturing, and tourism. The stability of the Manat is crucial for the country's economic health and investor confidence.

Monetary Policy and Stability

Managed by the Central Bank of Azerbaijan, the Manat has experienced various challenges, including inflation and currency devaluation. The bank's monetary policies aim to stabilize the currency, control inflation, and foster a healthy economic environment conducive to growth and investment.

International Trade and the Azerbaijani Manat

In international trade, the stability of the Manat is crucial, particularly for Azerbaijan’s oil and gas exports. A stable Manat is vital for maintaining competitive prices in global markets and for managing the import of goods and services.

Remittances and Economic Impact

Remittances from Azerbaijanis living abroad, particularly in Russia, Turkey, and Europe, are a significant source of foreign income. These remittances, converted into Manats, support families and contribute to the national economy, providing a vital economic buffer.

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Bitget crypto-to-fiat exchange data shows that the most popular NEM currency pair is the XEM to AZN, with for NEM's currency code being XEM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AZN.

XEM to AZN conversion rate trend

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In the past 1D, NEM has changed +7.65% to AZN. Based on the trend and price charts, NEM(XEM) has changed +7.65% to AZN while Azerbaijani Manat(AZN) has changed % to XEM in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₼0.04260
0.0200% / 0.0320%vip-iconVIP 7
Binance
₼0.02713
0.1000% / 0.1000%
Yes
OKX
₼0.02324
0.080% / 0.100%
Yes
Huobi
₼0.04250
0.1000% / 0.1000%
Yes
Gate.io
₼0.04267
0.1000% / 0.1000%
Yes
Bybit
₼0.04240
0.1000% / 0.1000%
Yes
KuCoin
₼0.04232
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 00:00:23(UTC+0)

How to buy NEM

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Buy NEM (XEM)
Use a variety of payment options to buy NEM on Bitget. We'll show you how.

Buy XEM (or USDT) for AZN (Azerbaijani Manat) offers

Bitget P2P trading does not currently support direct buying of XEM with AZN. However, you can buy USDT in Bitget P2P trading first, and then buy XEM with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Zero fees
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Sell XEM (or USDT) for AZN (Azerbaijani Manat) offers

Bitget P2P trading currently does not support direct selling of XEM to AZN. However, you can first exchange XEM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of NEM to Azerbaijani Manat?

NEM to Azerbaijani Manat is falling this week.
NEM's current market price is ₼ 0.04402 per XEM, with a total market cap of ₼ 396,191,016.15 AZN based on a circulating supply of 9,000,000,000 XEM. The trading volume of NEM has changed by +33.78% (₼ 19,471,318.19 AZN) in the last 24 hours. Last trading day, XEM's trading volume was ₼ 57,636,097.79.
Market cap
$233.05M
24h volume
$45.36M
Circulating supply
9.00B XEM

Conversion tables

The exchange rate of NEM is increasing.
1 XEM is currently valued at ₼ 0.04402 AZN , which means buying 5 XEM will cost ₼ 0.2201 AZN . Similarly, ₼1 AZN can be traded for 22.72 XEM, and ₼50 AZN can be converted to 1,135.82 XEM, excluding any platform or gas fees.
The exchange rate of 1 XEM to Azerbaijani Manat has changed by -16.15% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.65%, reaching a high of 0.04702 AZN and a low of 0.04025 AZN . One month ago, the value of 1 XEM was ₼ 0.03919 AZN , which represents a +12.31% change from its current value. Over the last year, NEM has changed by
-
0.02326AZN
, resulting in a change of -34.57% in its value.

XEM to AZN

Amount
04:14 am today
0.5 XEM
0.02201
1 XEM
0.04402
5 XEM
0.2201
10 XEM
0.4402
50 XEM
2.2
100 XEM
4.4
500 XEM
22.01
1000 XEM
44.02

AZN to XEM

Amount04:14 am today
0.5AZN11.36  XEM
1AZN22.72  XEM
5AZN113.58  XEM
10AZN227.16  XEM
50AZN1,135.82  XEM
100AZN2,271.63  XEM
500AZN11,358.16  XEM
1000AZN22,716.32  XEM

Today vs. 24 hours ago

Amount04:14 am today24 hours ago24h change
0.5 XEM$0.01295$0.01203
+7.65%
1 XEM$0.02589$0.02405
+7.65%
5 XEM$0.1295$0.1203
+7.65%
10 XEM$0.2589$0.2405
+7.65%
50 XEM$1.29$1.2
+7.65%
100 XEM$2.59$2.41
+7.65%
500 XEM$12.95$12.03
+7.65%
1000 XEM$25.89$24.05
+7.65%

Today vs. 1 month ago

Amount04:14 am today1 month ago1M change
0.5 XEM$0.01295$0.01153
+12.31%
1 XEM$0.02589$0.02306
+12.31%
5 XEM$0.1295$0.1153
+12.31%
10 XEM$0.2589$0.2306
+12.31%
50 XEM$1.29$1.15
+12.31%
100 XEM$2.59$2.31
+12.31%
500 XEM$12.95$11.53
+12.31%
1000 XEM$25.89$23.06
+12.31%

Today vs. 1 year ago

Amount04:14 am today1 year ago1Y change
0.5 XEM$0.01295$0.01979
-34.57%
1 XEM$0.02589$0.03958
-34.57%
5 XEM$0.1295$0.1979
-34.57%
10 XEM$0.2589$0.3958
-34.57%
50 XEM$1.29$1.98
-34.57%
100 XEM$2.59$3.96
-34.57%
500 XEM$12.95$19.79
-34.57%
1000 XEM$25.89$39.58
-34.57%

NEM price prediction

What will the price of XEM be in 2025?

Based on XEM's historical price performance prediction model, the price of XEM is projected to reach $0.04158 in 2025.

What will the price of XEM be in 2030?

In 2030, the XEM price is expected to change by +4.00%. By the end of 2030, the XEM price is projected to reach $0.08231, with a cumulative ROI of +240.90%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between NEM and AZN.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as NEM and AZN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of NEM in AZN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.