US Dollar to Armenian Dram Exchange Rate

Live Rate

= ֏ 476.8779

Refreshing in: 60s | Thu, Oct 17, 06:40PM GMT

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How can I get the best exchange rates between US dollar and the Armenian dram?

The Armenian dram is currently trading between 470 and 480 to 1 US dollar, on a free-float basis with the US dollar and other currencies.

If you are travelling to Armenia, or maybe going to send money to friends or family in the country, it is a good idea to do some research on how to get the best exchange rate.

One general tip for getting the best exchange rate is to first know the mid-market rate of the currency (shown at the top of this page). Once you know the mid-market rate, you can use this information to compare the exchange rate you are offered from different providers such as banks or online money transfer services.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Armenian Dram

The dram is the official currency of Armenia and its neighbor, the Nagorno-Karabakh Republic. It was introduced in 1993, when Armenia broke from the post-Soviet states “ruble zone.”
Currency:Armenian Dram
Currency Symbol:֏
Sub unit:luma (not used)
Bank notes:֏1000, ֏5000, ֏10 000, ֏20 000, ֏50 000, ֏100 000
Coins:10, 20, 50, 100, 200, 500

What affects exchange rates between the US dollar and the Armenian dram?

The exchange rate between the US dollar and the Armenian dram may be affected by many different economic and political factors. These factors are not only limited to the respective countries, but also include conditions all over the world.

In addition to this, the Armenian dram is also affected by conditions in the unrecognized Nagorno-Karabakh Republic, where the currency is widely used. A separate currency for the Republic, the Nagorno-Karabakh dram was introduced in 2005 and circulates alongside the Armenian dram. However, despite officially being legal tender, it is commonly sold as souvenirs due to the low nominal value in coins and notes issued.

There is some uncertainty regarding the Armenian Central Bank’s exchange rate policy since some experts believe that a “softer” approach should be followed, rather than drastic measures like devaluing the dram against the dollar. The central bank seems to be of the belief that remedies may sometimes prove to be more troublesome than the problems themselves.

If this concern becomes common, it is going to have a negative impact on the Armenian dram and investors may lose their confidence in it. To ensure it doesn’t fall too much, authorities in Armenia may have to intervene, potentially causing more problems in the future.

Send money from USD to AMD

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 474.97 AMD 237,485 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 Within an hour USD 3.99 474.017 AMD 235,117 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1 3 - 5 days USD 0.00 467.34 AMD 233,670 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

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How does the Armenian dram trade against the US dollar historically?

The Central Bank of Armenia follows a floating exchange rate policy, with regulators intervening only when the value of the Armenian dram faces extreme and short-term fluctuations.

Historically, the Armenian dram has proven to be the most stable currency in the region it belongs to. The currency depreciated 20-21% over the past few years, whereas other countries in the same region, like Kazakhstan, Belarus, and Russia, experienced depreciations in their currencies that were twice that number.

Although the government of Armenia maintains the Armenian dram (AMD) as a freely convertible currency under a managed float system, the Central Bank of Armenia intervened in the foreign exchange market between September 2008 and March 2009 in an effort to maintain the value of the AMD.

US Dollar to the Armenian Dram for the last 10 years

Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
1 USD = 385.9429 Inverse: 0.0026 360.5658 Inverse: 0.0028 375.0132 Inverse: 0.0027 407.8267 Inverse: 0.0025 410.7570 Inverse: 0.0024 408.7180 Inverse: 0.0024 473.4475 Inverse: 0.0021 476.6225 Inverse: 0.0021 481.2300 Inverse: 0.0021 485.6093 Inverse: 0.0021

US Dollar to the Armenian Dram for the last 10 months

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
1 USD = 483.7253 Inverse: 0.0021 486.1541 Inverse: 0.0021 486.8767 Inverse: 0.0021 486.1439 Inverse: 0.0021 483.3015 Inverse: 0.0021 480.0551 Inverse: 0.0021 477.5405 Inverse: 0.0021 476.6113 Inverse: 0.0021 476.0408 Inverse: 0.0021 476.4985 Inverse: 0.0021

US Dollar to the Armenian Dram for the last 10 days

Oct 07 Oct 08 Oct 09 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16
1 USD = 476.3918 Inverse: 0.0021 476.5075 Inverse: 0.0021 476.7817 Inverse: 0.0021 477.0962 Inverse: 0.0021 476.8193 Inverse: 0.0021 476.8193 Inverse: 0.0021 477.0091 Inverse: 0.0021 477.0334 Inverse: 0.0021 477.5922 Inverse: 0.0021 477.4193 Inverse: 0.0021

Market rate for common transfer amounts USD to AMD

US Dollars (USD) Armenian Dram (AMD)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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