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 :
- Armenian Dram info - general info about the Armenian Dram
- Armenian Dram in the markets - recent AMD moves and predictions from the FX markets
- Travelling in Armenia - currency & money saving tips
- Buying Armenian Dram cash online - travel money for Armenia
- Sending money to Armenia - save on Armenian Dram bank transfers to Armenia
- 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.
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
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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Armenian Dram amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- 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
Popular AMD cross rates
AMD/USD - Armenian Dram to United States Dollar - 10 Year History
|10 Feb 2019||0.002040||1 Week|
|18 Jan 2019||0.002060||1 Month|
|21 Aug 2018||0.002074||6 Months|
|17 Feb 2018||0.002081||1 Year|
|17 Feb 2017||0.002050||2 Years|
|18 Feb 2014||0.002409||5 Years|
|19 Feb 2009||0.003274||10 Years|
AMD/EUR - Armenian Dram to Euro - 10 Year History
|10 Feb 2019||0.001801||1 Week|
|18 Jan 2019||0.001813||1 Month|
|21 Aug 2018||0.001792||6 Months|
|17 Feb 2018||0.001677||1 Year|
|17 Feb 2017||0.001931||2 Years|
|18 Feb 2014||0.001751||5 Years|
|19 Feb 2009||0.002581||10 Years|
AMD/GBP - Armenian Dram to British Pound Sterling - 10 Year History
|10 Feb 2019||0.001577||1 Week|
|18 Jan 2019||0.001600||1 Month|
|21 Aug 2018||0.001607||6 Months|
|17 Feb 2018||0.001483||1 Year|
|17 Feb 2017||0.001651||2 Years|
|18 Feb 2014||0.001444||5 Years|
|19 Feb 2009||0.002283||10 Years|
AMD/JPY - Armenian Dram to Japanese Yen - 10 Year History
|10 Feb 2019||0.2240||1 Week|
|18 Jan 2019||0.2262||1 Month|
|21 Aug 2018||0.2284||6 Months|
|17 Feb 2018||0.2212||1 Year|
|17 Feb 2017||0.2313||2 Years|
|18 Feb 2014||0.2464||5 Years|
|19 Feb 2009||0.3079||10 Years|
AMD/AUD - Armenian Dram to Australian Dollar - 10 Year History
|10 Feb 2019||0.002872||1 Week|
|18 Jan 2019||0.002874||1 Month|
|21 Aug 2018||0.002818||6 Months|
|17 Feb 2018||0.002632||1 Year|
|17 Feb 2017||0.002673||2 Years|
|18 Feb 2014||0.002671||5 Years|
|19 Feb 2009||0.005065||10 Years|
AMD/CAD - Armenian Dram to Canadian Dollar - 10 Year History
|10 Feb 2019||0.002708||1 Week|
|18 Jan 2019||0.002732||1 Month|
|21 Aug 2018||0.002704||6 Months|
|17 Feb 2018||0.002613||1 Year|
|17 Feb 2017||0.002684||2 Years|
|18 Feb 2014||0.002639||5 Years|
|19 Feb 2009||0.004105||10 Years|