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US dollar to Armenian dram exchange rate

Find the best USD/AMD exchange rate for 21 Apr 2021.

Live Rate

= ֏ 521.8950

Refreshing in: 60s | Wed, Apr 21, 12:26PM GMT

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Historical Rate chart of USD and AMD

Updated: 21 Apr 2021 12:26:07 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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Best ways to send money to Armenia

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)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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