Armenian Dram

Armenian Dram

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

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

487 Armenian Dram to US Dollar exchange rates chart

487 AMD to USD exchange rates graph
487 AMD to USD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

487 AMD to USD exchange rates table

Exchange AMD to USD
487 Armenian Dram = 1.002 US Dollar
974 Armenian Dram = 2.004 US Dollar
2435 Armenian Dram = 5.011 US Dollar
4870 Armenian Dram = 10.022 US Dollar
Exchange Armenian Dram to US Dollar
487 Armenian Dram to US Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best AMD/USD rate at ACBA-CREDIT AGRICOLE BANK in Yerevan

487 AMD to USD exchange rates at ACBA-CREDIT AGRICOLE BANK in Yerevan
487 Armenian Dram = 1.000 US Dollar
ACBA-CREDIT AGRICOLE BANK
ACBA-CREDIT AGRICOLE BANK

The bank mission We are a universal bank promoting financial inclusion in Armenia, delivering innovative and efficient financial solutions with strong focus on rural communities. The Bank Values Social responsibility Loyalty Transparency Innovation Customer care The Bank Goals The main goal of the Bank is to support the development and growth of the SME in Armenia. ACBA-CREDIT AGRICOLE BANK is one of the biggest banks in Armenia. Currently the Bank provides various universal banking...

Best AMD/USD rate at Fast Credit in Yerevan

487 AMD to USD exchange rates at Fast Credit in Yerevan
487 Armenian Dram = 1.001 US Dollar
Fast Credit
Fast Credit

General information About us On April 1, 1994, the first branch of "Fast Credit" LTD was opened at 37 Abovyan str., Yerevan, operating as a pawnbroker. Then another 9 branches opened in Yerevan and in RA regions. Օn October 14, 2011 "Fast Credit Capital" Universal Credit Organization Closed Joint Stock Company was registered and accredited by the Central bank of RA (license of Central Bank #37) after which the Company's network was replenished with 11 branches, 10 of which are modified...

Best AMD/USD rate at Converse Bank in Yerevan

487 AMD to USD exchange rates at Converse Bank in Yerevan
487 Armenian Dram = 1.001 US Dollar
Converse Bank
Converse Bank

Converse Bank CJSC is a 25-year-old dynamically growing bank, which offers various services for individual and legal entities. The stable development of the Bank is due to transparent operation and reasonable policies of financial management. The Bank’s dynamic growth is provided by its highly-qualified, professional staff, thanks to which the Bank is able to quickly respond to changes happening in the market. At the same time, it continually offers new, convenient, and interesting bank...

Best AMD/USD rate at LA Currency in Los Angeles

487 AMD to USD exchange rates at LA Currency in Los Angeles
487 Armenian Dram = 0.903 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not have any fees and our adjusted, real-time exchange rates can be found on our website. You can always find out how much you will get for your currency or how much you will need to buy currency. Make sure to refresh the browser to get updated rates. Yes, we have free parking at both our locations that are in a shopping plaza with a convenient parking lot and a security personnel. Cash to cash is our preferred payment method. However, only debit cards...

487 AMD to USD exchange rates news

VTB Bank (Armenia) announces new year loan offer
VTB Bank (Armenia) announces new year loan offer

In tune with its strategy of providing loans on the best terms, the VTB Bank (Armenia) has announced today a New Year lending campaign with lower effective interest rates, saying in a press release that the loans are to be secured by gold items | ArmBanks.am

3 days conditional positive
Transactions with corporate bonds at NASDAQ OMX Armenia stock exchange double in seven months
Transactions with corporate bonds at NASDAQ OMX Armenia stock exchange double in seven months

The amount of transactions with corporate bonds effected at NASDAQ OMX Armenia stock exchange in the first 7 months of 2018 doubled when compared to the same period last year, according to data, provided by the exchange | ArmBanks.am

8 days indicative positive
VTB Bank (Armenia) launches savings account with interest rate up to 9.5%
VTB Bank (Armenia) launches savings account with interest rate up to 9.5%

VTB Bank (Armenia) has launched today a new deposit product, designed for those of customers who wish to save and increase their money in Armenian drams and have the opportunity to replenish it and withdraw money from the account whenever they want without any restrictions | ArmBanks.am

8 days conditional positive
New judge to consider Kocharyan’s lawyers’ petition for his release from custody on bail

ARKA delivers the latest breaking news and information on politics, economy, education, business and more.

8 days subjunctive neutral
Armenian ex-president’s lawyers ask SIS to stop criminal prosecution against their client

ARKA delivers the latest breaking news and information on politics, economy, education, business and more.

11 days conditional negative
U.S. dollar closes unchanged on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 19 (CNA) The U.S. dollar ended unchanged against the Taiwan dollar at NT$30.842 Saturday.

3 days conditional negative
Dollar Exhibits Mixed Trend As Traders Look For Direction

WASHINGTON (Alliance News) - The US dollar is turning in a mixed performance against other major ...

5 days conditional positive
Forex: J$131.36 to one US dollar

KINGSTON, Jamaica — The US dollar on Wednesday, January 16 ended trading at J$131.36 down b...

5 days indicative negative

487 AMD to USD currency converter