ROOT
AZN
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of The Root Network(ROOT) to Azerbaijani Manat(AZN). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 0.05 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.
Bitget crypto-to-fiat exchange data shows that the most popular The Root Network currency pair is the ROOT to AZN, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AZN.
ROOT to AZN conversion rate trend
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In the past 1D, The Root Network has changed -4.59% to AZN. Based on the trend and price charts, The Root Network(ROOT) has changed -4.59% to AZN while Azerbaijani Manat(AZN) has changed % to ROOT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ₼0.05369 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | ₼0.05392 | 0.1000% / 0.1000% | Yes |
Gate.io | ₼0.05404 | 0.1000% / 0.1000% | Yes |
Bybit | ₼0.05396 | 0.1000% / 0.1000% | Yes |
KuCoin | ₼0.05401 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 08:00:22(UTC+0)
How to buy The Root Network
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Buy The Root Network (ROOT)
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.
Learn MoreBuy ROOT (or USDT) for AZN (Azerbaijani Manat) offers
Bitget P2P trading does not currently support direct buying of ROOT with AZN. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell ROOT (or USDT) for AZN (Azerbaijani Manat) offers
Bitget P2P trading currently does not support direct selling of ROOT to AZN. However, you can first exchange ROOT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of The Root Network to Azerbaijani Manat?
The Root Network to Azerbaijani Manat is falling this week.The Root Network's current market price is ₼ 0.05476 per ROOT, with a total market cap of ₼ 79,221,523.49 AZN based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by -25.63% (₼ -2,675,177.36 AZN) in the last 24 hours. Last trading day, ROOT's trading volume was ₼ 10,438,087.15.
Market cap
$46.60M
24h volume
$4.57M
Circulating supply
1.45B ROOT
Conversion tables
The exchange rate of The Root Network is decreasing.1 ROOT is currently valued at ₼ 0.05476 AZN , which means buying 5 ROOT will cost ₼ 0.2738 AZN . Similarly, ₼1 AZN can be traded for 18.26 ROOT, and ₼50 AZN can be converted to 913.15 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Azerbaijani Manat has changed by -20.73% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.59%, reaching a high of 0.05675 AZN and a low of 0.05216 AZN . One month ago, the value of 1 ROOT was ₼ 0.05518 AZN , which represents a -0.77% change from its current value. Over the last year, The Root Network has changed by , resulting in a change of -26.29% in its value.
-₼
0.01953AZNROOT to AZN
Amount
13:36 today
0.5 ROOT
₼0.02738
1 ROOT
₼0.05476
5 ROOT
₼0.2738
10 ROOT
₼0.5476
50 ROOT
₼2.74
100 ROOT
₼5.48
500 ROOT
₼27.38
1000 ROOT
₼54.76
AZN to ROOT
Amount13:36 today
0.5AZN9.13 ROOT
1AZN18.26 ROOT
5AZN91.31 ROOT
10AZN182.63 ROOT
50AZN913.15 ROOT
100AZN1,826.3 ROOT
500AZN9,131.49 ROOT
1000AZN18,262.97 ROOT
Today vs. 24 hours ago
| Amount | 13:36 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ROOT | $0.01610 | $0.01688 | -4.59% |
| 1 ROOT | $0.03221 | $0.03376 | -4.59% |
| 5 ROOT | $0.1610 | $0.1688 | -4.59% |
| 10 ROOT | $0.3221 | $0.3376 | -4.59% |
| 50 ROOT | $1.61 | $1.69 | -4.59% |
| 100 ROOT | $3.22 | $3.38 | -4.59% |
| 500 ROOT | $16.1 | $16.88 | -4.59% |
| 1000 ROOT | $32.21 | $33.76 | -4.59% |
Today vs. 1 month ago
| Amount | 13:36 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ROOT | $0.01610 | $0.01623 | -0.77% |
| 1 ROOT | $0.03221 | $0.03246 | -0.77% |
| 5 ROOT | $0.1610 | $0.1623 | -0.77% |
| 10 ROOT | $0.3221 | $0.3246 | -0.77% |
| 50 ROOT | $1.61 | $1.62 | -0.77% |
| 100 ROOT | $3.22 | $3.25 | -0.77% |
| 500 ROOT | $16.1 | $16.23 | -0.77% |
| 1000 ROOT | $32.21 | $32.46 | -0.77% |
Today vs. 1 year ago
| Amount | 13:36 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ROOT | $0.01610 | $0.02185 | -26.29% |
| 1 ROOT | $0.03221 | $0.04370 | -26.29% |
| 5 ROOT | $0.1610 | $0.2185 | -26.29% |
| 10 ROOT | $0.3221 | $0.4370 | -26.29% |
| 50 ROOT | $1.61 | $2.18 | -26.29% |
| 100 ROOT | $3.22 | $4.37 | -26.29% |
| 500 ROOT | $16.1 | $21.85 | -26.29% |
| 1000 ROOT | $32.21 | $43.7 | -26.29% |
The Root Network price prediction
What will the price of ROOT be in 2025?
Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.04309 in 2025.
What will the price of ROOT be in 2030?
In 2030, the ROOT price is expected to change by -16.00%. By the end of 2030, the ROOT price is projected to reach $0.05327, with a cumulative ROI of +84.95%.
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Popular The Root Network conversions
Check out these popular currency conversions of The Root Network to several fiat currencies.
The Root Network to USD
1 ROOT to $ 0.03221 USD
The Root Network to GBP
1 ROOT to £ 0.02563 GBP
The Root Network to EUR
1 ROOT to € 0.03088 EUR
The Root Network to KRW
1 ROOT to ₩ 46.59 KRW
The Root Network to CAD
1 ROOT to $ 0.04625 CAD
The Root Network to AUD
1 ROOT to $ 0.05153 AUD
The Root Network to JPY
1 ROOT to ¥ 5.04 JPY
The Root Network to BRL
1 ROOT to R$ 0.1960 BRL
The Root Network to CNY
1 ROOT to ¥ 0.2350 CNY
The Root Network to TWD
1 ROOT to NT$ 1.05 TWD
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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 The Root Network 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 The Root Network 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 The Root Network 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.
