US Dollar to Armenian Dram Exchange Rate

Live Rate

= ֏ 478.2446

Refreshing in: 60s | Thu, Feb 27, 12:26PM GMT

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Historical Rate chart of USD and AMD

Updated: 27 Feb 2020 12:26:48 UTC

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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.

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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

Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
1 USD = 387.5944 Inverse: 0.0026 365.7096 Inverse: 0.0027 389.2045 Inverse: 0.0026 407.9367 Inverse: 0.0025 415.8650 Inverse: 0.0024 478.6160 Inverse: 0.0021 492.6875 Inverse: 0.0020 486.9549 Inverse: 0.0021 481.2150 Inverse: 0.0021 488.4737 Inverse: 0.0020

US Dollar to the Armenian Dram for the last 10 months

Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
1 USD = 481.4430 Inverse: 0.0021 480.2743 Inverse: 0.0021 477.7385 Inverse: 0.0021 476.0250 Inverse: 0.0021 476.0872 Inverse: 0.0021 475.6559 Inverse: 0.0021 477.3268 Inverse: 0.0021 477.4844 Inverse: 0.0021 479.6119 Inverse: 0.0021 478.5988 Inverse: 0.0021

US Dollar to the Armenian Dram for the last 10 days

Feb 17 Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26
1 USD = 478.4373 Inverse: 0.0021 478.5511 Inverse: 0.0021 478.4331 Inverse: 0.0021 478.3968 Inverse: 0.0021 478.3106 Inverse: 0.0021 478.3106 Inverse: 0.0021 478.3106 Inverse: 0.0021 478.2527 Inverse: 0.0021 478.4203 Inverse: 0.0021 477.9218 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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