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.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

638 Armenian Dram to British Pound exchange rates chart

638 AMD to GBP exchange rates graph
638 AMD to GBP 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.

638 AMD to GBP exchange rates table

Exchange AMD to GBP
638 Armenian Dram = 1.031 British Pound
1276 Armenian Dram = 2.062 British Pound
3190 Armenian Dram = 5.155 British Pound
6380 Armenian Dram = 10.310 British Pound
Exchange Armenian Dram to British Pound
638 Armenian Dram to British Pound 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/GBP rate at Fast Credit in Yerevan

638 AMD to GBP exchange rates at Fast Credit in Yerevan
638 Armenian Dram = 1.013 British Pound
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/GBP rate at ACBA-CREDIT AGRICOLE BANK in Yerevan

638 AMD to GBP exchange rates at ACBA-CREDIT AGRICOLE BANK in Yerevan
638 Armenian Dram = 1.013 British Pound
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/GBP rate at Converse Bank in Yerevan

638 AMD to GBP exchange rates at Converse Bank in Yerevan
638 Armenian Dram = 1.014 British Pound
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...

638 AMD to GBP exchange rates news

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

1 day 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

1 day 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.

1 day 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.

4 days conditional negative
ACBA-CREDIT AGRICOLE BANK listed its bonds on NASDAQ OMX Armenia
ACBA-CREDIT AGRICOLE BANK listed its bonds on NASDAQ OMX Armenia

Today NASDAQ OMX Armenia listed ACBA-CREDIT AGRICOLE BANK’s AMD- and USD-denominated bonds on its Abond list (ISIN AMACBAB24ER4 and AMACBAB23ER6 respectively), thus permitting manual and repo trading of these bonds | ArmBanks.am

6 days indicative neutral
Jamaican dollar declines 10 cents vs greenback

The Jamaican dollar devalued by 10 cents against the United States dollar during Wednesday’s trading, according to the trading summary from the Bank of Jamaica (BOJ)

5 days indicative negative
Forex reserves hit high in December | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 4 (CNA) Taiwan's foreign exchange reserves hit another all-time high at the end of December because of an increase in returns on the portfolio managed by Taiwan's central bank, the bank said Friday.

11 days indicative neutral

638 AMD to GBP currency converter