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About this currency pair
Azerbaijani Manat (AZN) — the currency of Azerbaijan
The current Azerbaijani manat follows a 2006 redenomination, making AZN the modern code used for current Azerbaijani prices. The Azerbaijani Manat is the currency used in Azerbaijan, where it appears in local prices, salaries, public fees, bank accounts and business invoices. It often appears in travel spending, regional trade, energy or goods imports, remittances and comparisons with EUR, USD or neighboring currencies. The manat name is used in parts of the Caucasus and Central Asia, so the currency code distinguishes it from similar names.
Euro (EUR) — the shared currency of the eurozone
The euro is the shared currency of the eurozone, used across many European economies rather than a single country. It was introduced for accounting and electronic payments in 1999 and euro cash followed in 2002, making it a common reference for travel, online shopping, invoices, salaries, savings and cross-border business inside Europe. It is also one of the main currencies followed in global foreign-exchange markets.