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base info Arbitrum

Arbitrum to Armenian Dram Converter and calculator

Convert 1Arbitrum (ARB) to Armenian Dram (AMD) equals ֏ 456.66 | Bitget

AMD information

About the Armenian Dram (AMD)

What Is the Armenian Dram (AMD)?

The Armenian Dram (AMD), the national currency of the Republic of Armenia, plays a pivotal role in the country's economy. Represented by the ISO code AMD and symbolized as ֏, the Dram was introduced on November 22, 1993, after the country gained independence from the Soviet Union. The Armenian Dram is the sole legal tender in Armenia, and it is used for all transactions within the country.

The Armenian Dram is issued by the Central Bank of Armenia. Established on March 27, 1993, the Central Bank is responsible for the issuance, regulation, and circulation of the Armenian Dram, as well as implementing the monetary policy of Armenia.

What Is the History of AMD?

The first instance of a currency called "Dram" in Armenia dates back to the period from 1199 to 1375, when silver coins named dram or tram were issued. The Dram underwent several transformations, influenced by various regimes, including the Russian Empire and the Soviet Union. Following Armenia's independence from the Soviet Union on September 21, 1991, the Dram was introduced on November 22, 1993, replacing the Russian ruble.

Notes and Coins of AMD

The official symbol of the Armenian Dram, designed in 1995, is represented by the first capital letter of the word Dram (Դ) with two horizontal lines (֏). Coins in Armenia are available in denominations of 10, 20, 50, 100, 200, and 500 drams, introduced in two series - the first in 1994 and the second between 2003 and 2004.

Armenia has issued three series of banknotes. The first series was introduced in 1993 and was in circulation until 2005. The second series, issued from 1998 onwards, is still in use. A third series was introduced in 2018, featuring denominations of 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 drams.

Exchange Rates and Economic Implications

The Dram was initially valued at Rbls 200 = 1 dram (US$1 = 404 Drams) in 1993. The exchange rate of the Dram is subject to fluctuations based on global and regional economic conditions. The Dram’s value and exchange rates are crucial for Armenia's trade and economic stability.

Is AMD Pegged to USD?

The Armenian Dram (AMD) is not pegged to the United States Dollar (USD). Armenia operates a floating exchange rate system, where the value of the dram is determined by market forces of supply and demand in the foreign exchange market. This means that the exchange rate of the dram against the USD and other currencies can fluctuate based on economic factors, market sentiment, and other variables.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to AMD, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

ARB to AMD conversion rate trend

In the past 1D, Arbitrum has changed -2.10% to AMD. Based on the trend and price charts, Arbitrum(ARB) has changed -2.10% to AMD while Armenian Dram(AMD) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/16 00:00:39(UTC+0)

What factors influence the conversion rate of Arbitrum to Armenian Dram?

Arbitrum to Armenian Dram is falling this week.
Arbitrum's current market price is ֏ 456.66 per ARB, with a total market cap of ֏ 1,211,935,745,485.63 AMD based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -23.50% (֏ -75,268,536,735.91 AMD) in the last 24 hours. Last trading day, ARB's trading volume was ֏ 320,243,949,777.31.
Market cap
24h volume
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at ֏ 456.66 AMD , which means buying 5 ARB will cost ֏ 2,283.28 AMD . Similarly, ֏1 AMD can be traded for 0.002190 ARB, and ֏50 AMD can be converted to 0.1095 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Armenian Dram has changed by -26.98% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.10%, reaching a high of 502.03 AMD and a low of 445.85 AMD . One month ago, the value of 1 ARB was ֏ 699.87 AMD , which represents a -34.80% change from its current value. Over the last year, Arbitrum has changed by
, resulting in a change of -32.17% in its value.


00:06 am today
0.5 ARB
10 ARB
50 ARB
100 ARB
500 ARB
1000 ARB


Amount00:06 am today
0.5AMD0.001095  ARB
1AMD0.002190  ARB
5AMD0.01095  ARB
10AMD0.02190  ARB
50AMD0.1095  ARB
100AMD0.2190  ARB
500AMD1.09  ARB
1000AMD2.19  ARB

Today vs. 24 hours ago

Amount00:06 am today24 hours ago24h change
0.5 ARB$0.5757$0.5880
1 ARB$1.15$1.18
5 ARB$5.76$5.88
10 ARB$11.51$11.76
50 ARB$57.57$58.8
100 ARB$115.14$117.61
500 ARB$575.72$588.04
1000 ARB$1,151.44$1,176.08

Today vs. 1 month ago

Amount00:06 am today1 month ago1M change
0.5 ARB$0.5757$0.8824
1 ARB$1.15$1.76
5 ARB$5.76$8.82
10 ARB$11.51$17.65
50 ARB$57.57$88.24
100 ARB$115.14$176.47
500 ARB$575.72$882.35
1000 ARB$1,151.44$1,764.71

Today vs. 1 year ago

Amount00:06 am today1 year ago1Y change
0.5 ARB$0.5757$0.8482
1 ARB$1.15$1.7
5 ARB$5.76$8.48
10 ARB$11.51$16.96
50 ARB$57.57$84.82
100 ARB$115.14$169.64
500 ARB$575.72$848.21
1000 ARB$1,151.44$1,696.41


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