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base info Dai

Dai to Armenian Dram Converter and calculator

Convert 1Dai (DAI) to Armenian Dram (AMD) equals ֏ 393.28 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Dai(DAI) to Armenian Dram(AMD). This is the real-time data. The current conversion shows 1 DAI at a value of 1 DAI for 393.28 AMD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Dai currency pair is the DAI to AMD, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

DAI to AMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.00% to AMD. Based on the trend and price charts, Dai(DAI) has changed +0.00% to AMD while Armenian Dram(AMD) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
֏393.16
0.0001% / 0.0004%vip-iconVIP
Kraken
֏392.98
0.1000% / 0.1000%
Yes
OKX
֏393.27
0.080% / 0.100%
Yes
Huobi
֏393.08
0.1000% / 0.1000%
Yes
Gate.io
֏393.12
0.1000% / 0.1000%
Yes
Bybit
֏393.12
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 01:00:29(UTC+0)

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

Dai to Armenian Dram is rising this week.
Dai's current market price is ֏ 393.28 per DAI, with a total market cap of ֏ 2,103,243,308,136.38 AMD based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -47.04% (֏ -222,169,666,356.87 AMD) in the last 24 hours. Last trading day, DAI's trading volume was ֏ 472,280,384,841.75.
Market cap
$5.35B
24h volume
$636.04M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at ֏ 393.28 AMD , which means buying 5 DAI will cost ֏ 1,966.42 AMD . Similarly, ֏1 AMD can be traded for 0.002543 DAI, and ֏50 AMD can be converted to 0.1271 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Armenian Dram has changed by +0.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.00%, reaching a high of 393.44 AMD and a low of 393.23 AMD . One month ago, the value of 1 DAI was ֏ 393.28 AMD , which represents a +0.00% change from its current value. Over the last year, Dai has changed by
+֏
0.1907AMD
, resulting in a change of +0.05% in its value.

DAI to AMD

Amount
01:35 am today
0.5 DAI
֏196.64
1 DAI
֏393.28
5 DAI
֏1,966.42
10 DAI
֏3,932.85
50 DAI
֏19,664.24
100 DAI
֏39,328.48
500 DAI
֏196,642.41
1000 DAI
֏393,284.82

AMD to DAI

Amount01:35 am today
0.5AMD0.001271  DAI
1AMD0.002543  DAI
5AMD0.01271  DAI
10AMD0.02543  DAI
50AMD0.1271  DAI
100AMD0.2543  DAI
500AMD1.27  DAI
1000AMD2.54  DAI
share

Today vs. 24 hours ago

Amount01:35 am today24 hours ago24h change
0.5 DAI$0.5001$0.5001
+0.00%
1 DAI$1$1
+0.00%
5 DAI$5$5
+0.00%
10 DAI$10$10
+0.00%
50 DAI$50.01$50.01
+0.00%
100 DAI$100.01$100.01
+0.00%
500 DAI$500.06$500.06
+0.00%
1000 DAI$1,000.13$1,000.12
+0.00%

Today vs. 1 month ago

Amount01:35 am today1 month ago1M change
0.5 DAI$0.5001$0.5001
+0.00%
1 DAI$1$1
+0.00%
5 DAI$5$5
+0.00%
10 DAI$10$10
+0.00%
50 DAI$50.01$50.01
+0.00%
100 DAI$100.01$100.01
+0.00%
500 DAI$500.06$500.06
+0.00%
1000 DAI$1,000.13$1,000.12
+0.00%

Today vs. 1 year ago

Amount01:35 am today1 year ago1Y change
0.5 DAI$0.5001$0.4998
+0.05%
1 DAI$1$0.9996
+0.05%
5 DAI$5$5
+0.05%
10 DAI$10$10
+0.05%
50 DAI$50.01$49.98
+0.05%
100 DAI$100.01$99.96
+0.05%
500 DAI$500.06$499.82
+0.05%
1000 DAI$1,000.13$999.64
+0.05%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.