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MGP to AZN Converter and calculator

MGP/AZN: 1 MGP = 0.08524 AZN. The price of converting 1 Magpie (MGP) to Azerbaijani Manat (AZN) is 0.08524 AZN today.
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MGP
AZN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MGP to AZN real-time exchange rates, making it easy to convert Magpie (MGP) to Azerbaijani Manat (AZN). The conversion result is based on real-time data. The conversion result shows that 1 MGP is currently valued at 0.09 AZN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MGP is currently valued at 0.09 AZN, which means buying 5 MGP would cost 0.43 AZN. Similarly, ₼1 AZN can be converted to 11.73 MGP, and ₼50 AZN can be converted to 58.66 MGP, excluding any platform or gas fees.

Convert MGP to AZN

Convert AZN to MGP

Magpie
Azerbaijani Manat
10000 MGP
852.41  AZN
In the table above, you'll find a comprehensive MGP to AZN converter that shows the value of Magpie in Azerbaijani Manat across commonly used conversion amounts. The list covers conversions from 1 MGP to AZN, all the way up to 10000 MGP, providing a clear view of their respective values.
Azerbaijani Manat
Magpie
10000 AZN
117,313.9 MGP
50000 AZN
586,569.51 MGP
100000 AZN
1,173,139.01 MGP
In the table above, you'll find a comprehensive AZN to MGP converter that shows the value of Azerbaijani Manat in Magpie across commonly used conversion amounts. The list covers conversions from 1 AZN to MGP, all the way up to 100000 AZN, providing a clear view of their respective values.

MGP to AZN chart

MGP/AZN: 1 MGP = 0.08524 AZN; 2025/05/15 11:43:28
In the past 1D, Magpie has changed -1.57% to AZN. Based on the trend and price charts, Magpie(MGP) has changed -1.57% to AZN while Azerbaijani Manat(AZN) has changed % to MGP in the last 24 hours.
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MGP to AZN conversion data: Volatility and price changes of Magpie in AZN

The highest Magpie price in AZN over the past 7 days was 0.09097 AZN while the lowest Magpie price in AZN over the past 7 days was 0.05677 AZN. The relative change between the highs and lows in Magpie price in AZN over the last 7 days indicates a volatility of %. You can view additional volatility data and MGP 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
0.09097 AZN
0.09097 AZN
0.09097 AZN
0.1090 AZN
Low
0.08494 AZN
0.05677 AZN
0.03796 AZN
0.03533 AZN
Average
0 AZN
0 AZN
0 AZN
0 AZN
Volatility
%
%
%
%
Change
-1.57%
+65.82%
+130.57%
-19.47%

Magpie information

MGP to AZN market statistics

MGP/AZN:
₼0.08524
MGP 24h volume:
₼181,538
MGP market cap:
₼38,972,942.08
MGP circulating supply:
457.21M MGP

Current MGP to AZN exchange rate

Magpie to Azerbaijani Manat is rising this week.
Magpie's current market price is ₼0.08524 per MGP, with a total market cap of ₼38,972,942.08 AZN based on a circulating supply of 457,206,820 MGP. The trading volume of Magpie has changed by -67.66% (₼-379,871.70 AZN) in the last 24 hours. Last trading day, MGP's trading volume was ₼561,409.7.

More info about Magpie 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 Magpie currency pair is the MGP to AZN, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AZN.

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How to convert MGP to AZN

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MGP to AZN Conversion tables

The exchange rate of Magpie is increasing.
The exchange rate of 1 MGP to Azerbaijani Manat has changed by +65.82% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.57%, reaching a high of 0.09097 AZN and a low of 0.08494 AZN . One month ago, the value of 1 MGP was ₼0.03686 AZN , which represents a +130.57% change from its current value. Over the last year, Magpie has changed by
-
0.03992AZN
, resulting in a change of -31.84% in its value.
24 hours ago1 month ago1 year ago
Amount11:43 am today24 hours ago24h change
0.5 MGP₼0.04262₼0.04330
-1.57%
1 MGP₼0.08524₼0.08661
-1.57%
5 MGP₼0.4262₼0.4330
-1.57%
10 MGP₼0.8524₼0.8661
-1.57%
50 MGP₼4.26₼4.33
-1.57%
100 MGP₼8.52₼8.66
-1.57%
500 MGP₼42.62₼43.3
-1.57%
1000 MGP₼85.24₼86.61
-1.57%

MGP to AZN FAQ

How much is 1 Magpie in AZN?
Right now, the price of 1 Magpie (MGP) in Azerbaijani Manat (AZN) is ₼0.08524.
How much MGP can I buy for 1 AZN?
Based on the current exchange rate, you can get 11.73 MGP for 1 AZN.
How do I calculate or convert MGP to AZN?
You can use our MGP to AZN calculator at the top of this page to convert any amount of MGP to AZN. We've also included quick-reference tables for the most popular conversions. For example, 5 AZN is equivalent to 58.66 MGP, while 5 MGP will cost around 0.4262AZN.
What is the highest price of MGP/AZN in history?
The all-time high price of 1 MGP in AZN is ₼0.3588. It remains to be seen if the value of 1 MGP/AZN will exceed the current all-time high.
What is the price trend of Magpie in AZN?
Over the past 7 days, the exchange rate of Magpie (MGP) has gone up by 65.82%.   Over the last month, the exchange rate of Magpie (MGP) has gone up by 130.57% against Azerbaijani Manat (AZN).

What factors influence the conversion rate of MGP to AZN?

There are many factors that affect the relationship between Magpie 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 MGP/AZN. When there is positive news in the market about the widespread adoption of MGP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MGP/AZN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MGP/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 MGP/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 Magpie 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.