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US dollar to Armenian dram exchange rate
Find the best USD/AMD exchange rate for 21 Apr 2021.
Refreshing in: 60s | Wed, Apr 21, 12:26PM GMT
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Historical Rate chart of USD and AMD
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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.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|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
|Apr 2011||Apr 2012||Apr 2013||Apr 2014||Apr 2015||Apr 2016||Apr 2017||Apr 2018||Apr 2019||Apr 2020|
|1 USD =||375.7512 Inverse: 0.0027||392.8151 Inverse: 0.0025||420.9337 Inverse: 0.0024||417.1450 Inverse: 0.0024||473.4740 Inverse: 0.0021||481.0800 Inverse: 0.0021||486.6574 Inverse: 0.0021||479.5450 Inverse: 0.0021||483.3015 Inverse: 0.0021||482.8138 Inverse: 0.0021|
US Dollar to the Armenian Dram for the last 10 months
|Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020||Nov 2020||Dec 2020||Jan 2021||Feb 2021||Mar 2021|
|1 USD =||481.6162 Inverse: 0.0021||481.6162 Inverse: 0.0021||481.6162 Inverse: 0.0021||481.6162 Inverse: 0.0021||481.6162 Inverse: 0.0021||481.6162 Inverse: 0.0021||481.6162 Inverse: 0.0021||520.5818 Inverse: 0.0019||522.9184 Inverse: 0.0019||528.5924 Inverse: 0.0019|
US Dollar to the Armenian Dram for the last 10 days
|Apr 11||Apr 12||Apr 13||Apr 14||Apr 15||Apr 16||Apr 17||Apr 18||Apr 19||Apr 20|
|1 USD =||533.7372 Inverse: 0.0019||532.8486 Inverse: 0.0019||532.7672 Inverse: 0.0019||521.5435 Inverse: 0.0019||519.1584 Inverse: 0.0019||521.1901 Inverse: 0.0019||521.4931 Inverse: 0.0019||521.7039 Inverse: 0.0019||522.0827 Inverse: 0.0019||522.3195 Inverse: 0.0019|
Market rate for common transfer amounts USD to AMD
|US Dollars (USD)||Armenian Dram (AMD)|
Exchange rates from USD to other currencies
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