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Foreign Exchange Guide to Armenia

Read this currency guide to Armenia with money transfer and travel tips.   [USD/AMD=487.6818]

 
Armenia
Country Code:
AM
Domestic Currency:
Armenian Dram
Symbol - Code:
AMD
Telephone Prefix:
+374

This is a foreign exchange guide to Armenia, the Armenian Dram currency plus AMD transfers and travel tips.


In this Armenia currency guide we take a look at :

  1. Armenian Dram info - general info about the Armenian Dram
  2. Armenian Dram in the markets - recent AMD moves and predictions from the FX markets
  3. Travelling in Armenia - currency & money saving tips
  4. Buying Armenian Dram cash online - travel money for Armenia
  5. Sending money to Armenia - save on Armenian Dram bank transfers to Armenia
  6. Armenian Dram exchange rates - latest & historic exchange rates.

Armenian Dram (AMD) general currency information


What is the Armenian Dram currency code and symbol?

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


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?


Which countries use the Armenian Dram?

It is the domestic currency in Armenia.

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.


Armenian Dram (AMD) in the markets

The interactive chart below shows the USD to AMD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-AMD 3 Month chart
Loading USD/AMD Chart
USDAMD currency converter

Travel, Currency and Money saving tips for 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.

 

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.

   

Armenia Trip Checklist    

 
  1. Search Hotel deals - Save on your accomodation in Armenia
  2. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Armenia

When searching around for information on how to get a good exchange rate when sending money to Armenia you need to start with finding out the latest Armenian Dram foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


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 our Send to AMD 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!

   

Bank Transfers to Armenia

Compare Transfer Rates

 

Popular AMD cross rates


AMD/USD - Armenian Dram to United States Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0020401 Week
18 Jan 20190.0020601 Month
21 Aug 20180.0020746 Months
17 Feb 20180.0020811 Year
17 Feb 20170.0020502 Years
18 Feb 20140.0024095 Years
19 Feb 20090.00327410 Years

AMD/EUR - Armenian Dram to Euro - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0018011 Week
18 Jan 20190.0018131 Month
21 Aug 20180.0017926 Months
17 Feb 20180.0016771 Year
17 Feb 20170.0019312 Years
18 Feb 20140.0017515 Years
19 Feb 20090.00258110 Years

AMD/GBP - Armenian Dram to British Pound Sterling - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0015771 Week
18 Jan 20190.0016001 Month
21 Aug 20180.0016076 Months
17 Feb 20180.0014831 Year
17 Feb 20170.0016512 Years
18 Feb 20140.0014445 Years
19 Feb 20090.00228310 Years

AMD/JPY - Armenian Dram to Japanese Yen - 10 Year History

DateExchange RatePeriod
10 Feb 20190.22401 Week
18 Jan 20190.22621 Month
21 Aug 20180.22846 Months
17 Feb 20180.22121 Year
17 Feb 20170.23132 Years
18 Feb 20140.24645 Years
19 Feb 20090.307910 Years

AMD/AUD - Armenian Dram to Australian Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0028721 Week
18 Jan 20190.0028741 Month
21 Aug 20180.0028186 Months
17 Feb 20180.0026321 Year
17 Feb 20170.0026732 Years
18 Feb 20140.0026715 Years
19 Feb 20090.00506510 Years

AMD/CAD - Armenian Dram to Canadian Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0027081 Week
18 Jan 20190.0027321 Month
21 Aug 20180.0027046 Months
17 Feb 20180.0026131 Year
17 Feb 20170.0026842 Years
18 Feb 20140.0026395 Years
19 Feb 20090.00410510 Years

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