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    Armenia - Armenian dram - Currency Guide

     

    Foreign exchange guide to Armenia and the Armenian dram (AMD)

         

    USD/AMD Trend (90-day)

    USD to AMD at 487.0 has fallen 4.9% below its 90-day average, range 487.0-523.2.
    |
    7-DAY-2.0%
    90-DAYLOW
     

    The below interactive chart displays the USD/AMD trend and UP DOWN HIGH LOW alerts

     
    USD to AMD Currency Trend Chart

    General Currency Info - Armenian dram

    The dram (Armenian: Դրամ; code: AMD) is the monetary unit of Armenia and the neighboring unrecognized Republic of Artsakh. It is subdivided into 100 luma (Armenian: լումա). The word "dram" translates into English as "money" and has the same linguistic derivation with the Greek drachma and the Arabic dirham. The first instance of a dram currency was in the period from 1199 to 1375, when silver coins called dram were issued.

       

    US dollar to Armenian dram - Historical Rates

    USD/AMDChangePeriod
    19 Jul 2021
    496.69
    1.8% 1 Week
    26 Jun 2021
    512.60
    4.9% 30 Days
    27 Apr 2021
    520.60
    6.3% 90 Days
    26 Jul 2020
    481.62
    1.2% 1 Year
    27 Jul 2016
    476.28
    2.4% 5 Years
    29 Jul 2011
    363.14
    34.3% 10 Years

    USD/AMD rate change to 26-Jul-2021 → 487.62

     

    $1,000 USD
    =
    486,983 AMD

    Converted at USD/AMD interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to AMD - Quick Amounts

    Sell USD   →   Buy AMD
    USD AMD
    $ 1 486.98
    $ 5 2,435
    $ 10 4,870
    $ 20 9,740
    $ 50 24,349
    $ 100 48,698
    $ 250 121,745
    $ 500 243,490
    $ 1,000 486,980
    $ 2,000 973,960
    $ 5,000 2,434,900
    $ 10,000 4,869,800
    $ 20,000 9,739,600
    $ 50,000 24,349,000
    $ 100,000 48,698,000
    USD AMD
    $ 0.0021 1
    $ 0.0103 5
    $ 0.0205 10
    $ 0.0411 20
    $ 0.1027 50
    $ 0.2053 100
    $ 0.5133 250
    $ 1.0265 500
    $ 2.0530 1,000
    $ 4.1060 2,000
    $ 10.27 5,000
    $ 20.53 10,000
    $ 41.06 20,000
    $ 102.65 50,000
    $ 205.30 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Armenia?

    The domestic currency in Armenia is the Armenian dram.

    What is the Armenian dram currency code and symbol?

    The three letter currency code for the Armenian dram is AMD.

    Which countries use the Armenian dram?

    It is the domestic currency in    Armenia.

    Is the Armenian dram a closed currency?

    Yes the Armenian dram is a closed currency. Which means that you may find it difficult to purchase the currency (AMD) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.

    For more information and a full list of closed currencies please refer to our guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for Armenia

    Few nations have histories as ancient, complex and laced with tragedy as Armenia. And even fewer have a culture that is as rich and resilient. This is a destination where you will be intrigued by history, awed by monuments, amazed by the landscape and charmed by down-to-earth locals.

    The simply extraordinary collection of medieval monasteries scattered across the country is the number-one attraction, closely followed by a dramatically beautiful landscape that is perfectly suited to hiking and other outdoor activities. And then there's the unexpected delight of Yerevan – one of Europe's most exuberant and endearing cities. Put together, they offer an enticing and hugely enjoyable travel experience. It's not an easy place to explore – roads are rough, transport is often hard to navigate and those who don't speak Armenian or Russian may find communication difficult – but travelling here is as rewarding as it is revelatory.

    What currency to use in Armenia?

    Armenia's currency is the Armenian Dram (AMD). US Dollars, Euro and Russian Roubles are widely used and often prices for goods and services are quoted in these currencies but by law, payment must be made in Armenian Dram.

    There are many ATMs in Yerevan which accept major credit cards and debit cards with the Maestro/Cirrus or Visa sign displayed on the card. Outside the capital however you will need to carry sufficient local currency. Take note Western Union does not operate in Armenia, however, MoneyGram currently does.

    How to get around in Armania?

    Yerevan has cheap, easy-to-use metro systems. Other urban transport comprises a mixture of marshrutky and buses. Marshrutky will stop to pick up or drop off passengers anywhere along their routes, but they can get very crowded. Route boards are often in local script. Taxis are plentiful. Most in Yerevan are metered. For others, agree on the fare before you get in. A ride of 3km or so normally costs around US$2 in Tbilisi or Yerevan, US$3.50 in Baku if metered, much more unmetered.

    Almost every town and village has some sort of bus or (more commonly) minibus service, the latter being known widely as a marshrutka (plural marshrutky). Services can run hourly between larger towns but rural villages often have just one single minibus that leaves for the regional centre in the morning then returns from the bazaar after lunch.

    There are a number of rental car companies available in Yerevan, with many models to choose from at varying costs. This will allow you to be more free while getting around the country as you’ll have to rely only on yourself. You must present your passport and driver's license in order to rent a car.

    There are several daily trains toward Gyumri and one to Yerakhs, at the closed border with Nakhichevan. On summer weekends, one daily train operates from the northern Almast station to Lake Sevan, all the way to Shorzha on the far side.

    Travel tips for Armenia.

    Yerevan, the capital, is a great place to start you trip and spend a day or 2. Yerevan is incredibly old, 2800 years to be exact, which is 28 years older than Rome. Thus, it is drenched in interesting history. Contradictory to what you might expect from a Soviet era city, it is quite metropolitan. It has a lively nightlife scene with clubs, hip restaurants and European style bars. Mixed with the many remains of older days, like the typical pink colored soviet buildings and monuments or the 17th century neighborhood Kond, Yerevan has its very own appearance. You won’t find any grand landmarks here, rather it is just a nice place to absorb the atmosphere and familiarize yourself a bit with the country you are in.

    summer in Armenia, especially in the capital, is hot and rather dry with average temperature – 28-35 °C and few rainy days. Thus, it is better to take comfortable clothing suitable for hot Armenian days. However, if you decide to visit the countryside of Armenia in summer, consider that the temperature there is lower than in the capital and in the evening you may need some warm clothes. The most pleasant season in Armenia is the beginning of autumn, as the weather is so mild, pleasant and warm with few rainy days.

    The most popular ski resort of Armenia is Tsakhkadzor which offers great eqipment and well-developed ski trails. The rope-way built on the slopes of Mount Teghenis ensures maximum safety for the visitors.

     

    Travel money for Armenia

    As mentioned above, the Armenian dram is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (AMD) before departure and will need to buy it upon arrival in Armenia.

    For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the AMD you will incur currency conversion or foreign transaction fees if you use a travel money card in Armenia.

    However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.

     

    Send Money to Armenia - Best Rates

    To get a good (and fair) exchange rate when sending money to Armenia you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Armenia

    When sending money to Armenia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Armenian dram amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted AMD amount will be transfered to the recipient account you specify in Armenia.

    Use the above Send to Armenian dram calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Armenian dram deposited into the recipient bank account and less margins and fees kept by the banks!


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