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MAG to AZN Converter and calculator

MAG/AZN: 1 MAG = 0.00 AZN. The price of converting 1 Magnum Trading (old) (MAG) to Azerbaijani Manat (AZN) is 0.00 AZN today.
MAG
MAG
AZN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MAG to AZN real-time exchange rates, making it easy to convert Magnum Trading (old) (MAG) to Azerbaijani Manat (AZN). The conversion result is based on real-time data. The conversion result shows that 1 MAG is currently valued at 0 AZN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MAG is currently valued at 0 AZN, which means buying 5 MAG would cost 0 AZN. Similarly, ₼1 AZN can be converted to Infinity MAG, and ₼50 AZN can be converted to Infinity MAG, excluding any platform or gas fees.

Convert MAG to AZN

Convert AZN to MAG

Magnum Trading (old)
Azerbaijani Manat
In the table above, you'll find a comprehensive MAG to AZN converter that shows the value of Magnum Trading (old) in Azerbaijani Manat across commonly used conversion amounts. The list covers conversions from 1 MAG to AZN, all the way up to 10000 MAG, providing a clear view of their respective values.
Azerbaijani Manat
Magnum Trading (old)
100000 AZN
Infinity MAG
In the table above, you'll find a comprehensive AZN to MAG converter that shows the value of Azerbaijani Manat in Magnum Trading (old) across commonly used conversion amounts. The list covers conversions from 1 AZN to MAG, all the way up to 100000 AZN, providing a clear view of their respective values.

MAG to AZN chart

MAG/AZN: 1 MAG = 0 AZN; 2025/04/27 21:23:19
In the past 1D, Magnum Trading (old) has changed -14.09% to AZN. Based on the trend and price charts, Magnum Trading (old)(MAG) has changed -14.09% to AZN while Azerbaijani Manat(AZN) has changed % to MAG in the last 24 hours.
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MAG to AZN conversion data: Volatility and price changes of Magnum Trading (old) in AZN

The highest Magnum Trading (old) price in AZN over the past 7 days was 0.05838 AZN while the lowest Magnum Trading (old) price in AZN over the past 7 days was 0.01691 AZN. The relative change between the highs and lows in Magnum Trading (old) price in AZN over the last 7 days indicates a volatility of %. You can view additional volatility data and MAG to AZN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.01691 AZN
0.05838 AZN
0.07351 AZN
0.1639 AZN
Low
0.01691 AZN
0.01691 AZN
0.01691 AZN
0.01691 AZN
Average
0 AZN
0 AZN
0 AZN
0 AZN
Volatility
%
%
%
%
Change
-14.09%
-70.88%
-69.18%
-88.51%

Magnum Trading (old) information

MAG to AZN market statistics

MAG/AZN:
--
MAG 24h volume:
--
MAG market cap:
--
MAG circulating supply:
0 MAG

Current MAG to AZN exchange rate

Magnum Trading (old) to Azerbaijani Manat is falling this week.
Magnum Trading (old)'s current market price is ₼0 per MAG, with a total market cap of ₼0 AZN based on a circulating supply of -- MAG. The trading volume of Magnum Trading (old) has changed by 0.00% (₼0 AZN) in the last 24 hours. Last trading day, MAG's trading volume was ₼0.

More info about Magnum Trading (old) on Bitget

Azerbaijani Manat 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.

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

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How to convert MAG to AZN

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Bitget P2P trading does not currently support direct buying of MAG with AZN. However, you can buy USDT in Bitget P2P trading first, and then buy MAG with USDT via Bitget spot market.
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MAG to AZN Conversion tables

The exchange rate of Magnum Trading (old) is decreasing.
The exchange rate of 1 MAG to Azerbaijani Manat has changed by -70.88% in the last 7 days. In the last 24 hours, the rate has fluctuated by -14.09%, reaching a high of 0.01691 AZN and a low of 0.01691 AZN . One month ago, the value of 1 MAG was ₼0.03794 AZN , which represents a -69.18% change from its current value. Over the last year, Magnum Trading (old) has changed by
-
0.8961AZN
, resulting in a change of -98.15% in its value.
24 hours ago1 month ago1 year ago
Amount21:23 today24 hours ago24h change
0.5 MAG₼0₼0
-14.09%
1 MAG₼0₼0
-14.09%
5 MAG₼0₼0
-14.09%
10 MAG₼0₼0
-14.09%
50 MAG₼0₼0
-14.09%
100 MAG₼0₼0
-14.09%
500 MAG₼0₼0
-14.09%
1000 MAG₼0₼0
-14.09%

MAG to AZN FAQ

How much is 1 Magnum Trading (old) in AZN?
Right now, the price of 1 Magnum Trading (old) (MAG) in Azerbaijani Manat (AZN) is ₼0.
How much MAG can I buy for 1 AZN?
Based on the current exchange rate, you can get Infinity MAG for 1 AZN.
How do I calculate or convert MAG to AZN?
You can use our MAG to AZN calculator at the top of this page to convert any amount of MAG to AZN. We've also included quick-reference tables for the most popular conversions. For example, 5 AZN is equivalent to Infinity MAG, while 5 MAG will cost around 0.00AZN.
What is the highest price of MAG/AZN in history?
The all-time high price of 1 MAG in AZN is ₼2,588.81. It remains to be seen if the value of 1 MAG/AZN will exceed the current all-time high.
What is the price trend of Magnum Trading (old) in AZN?
Over the past 7 days, the exchange rate of Magnum Trading (old) (MAG) has gone down by 70.88%.   Over the last month, the exchange rate of Magnum Trading (old) (MAG) has gone down by 69.18% against Azerbaijani Manat (AZN).

What factors influence the conversion rate of MAG to AZN?

There are many factors that affect the relationship between Magnum Trading (old) and Azerbaijani Manat, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MAG/AZN. When there is positive news in the market about the widespread adoption of MAG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MAG/AZN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MAG/AZN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MAG/AZN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magnum Trading (old) and adjust their investment strategies accordingly in the evolving market.

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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.