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EGO to Armenian Dram Converter and calculator

Convert 1EGO (EGO) to Armenian Dram (AMD) equals ֏ 14.56 | 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 EGO(EGO) to Armenian Dram(AMD). This is the real-time data. The current conversion shows 1 EGO at a value of 1 EGO for 14.56 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 EGO currency pair is the EGO to AMD, with for EGO's currency code being EGO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

EGO to AMD conversion rate trend

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In the past 1D, EGO has changed -5.91% to AMD. Based on the trend and price charts, EGO(EGO) has changed -5.91% to AMD while Armenian Dram(AMD) has changed % to EGO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
֏14.6
0.0001% / 0.0004%vip-iconVIP
Bybit
֏14.46
0.1000% / 0.1000%
Yes
KuCoin
֏14.41
0.1000% / 0.1000%
Yes
Last updated 2024/05/22 12:00:17(UTC+0)

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

EGO to Armenian Dram is falling this week.
EGO's current market price is ֏ 14.56 per EGO, with a total market cap of ֏ 824,160,344.96 AMD based on a circulating supply of 56,608,820 EGO. The trading volume of EGO has changed by -13.97% (֏ -60,031,433.18 AMD) in the last 24 hours. Last trading day, EGO's trading volume was ֏ 429,673,713.31.
Market cap
$2.13M
24h volume
$954.65K
Circulating supply
56.61M EGO

Conversion tables

The exchange rate of EGO is decreasing.
1 EGO is currently valued at ֏ 14.56 AMD , which means buying 5 EGO will cost ֏ 72.79 AMD . Similarly, ֏1 AMD can be traded for 0.06869 EGO, and ֏50 AMD can be converted to 3.43 EGO, excluding any platform or gas fees.
The exchange rate of 1 EGO to Armenian Dram has changed by -0.05% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.91%, reaching a high of 15.51 AMD and a low of 14.43 AMD . One month ago, the value of 1 EGO was ֏ 23.88 AMD , which represents a -39.06% change from its current value. Over the last year, EGO has changed by
+֏
14.53AMD
, resulting in a change of --% in its value.

EGO to AMD

Amount
12:37 today
0.5 EGO
֏7.28
1 EGO
֏14.56
5 EGO
֏72.79
10 EGO
֏145.59
50 EGO
֏727.94
100 EGO
֏1,455.89
500 EGO
֏7,279.43
1000 EGO
֏14,558.87

AMD to EGO

Amount12:37 today
0.5AMD0.03434  EGO
1AMD0.06869  EGO
5AMD0.3434  EGO
10AMD0.6869  EGO
50AMD3.43  EGO
100AMD6.87  EGO
500AMD34.34  EGO
1000AMD68.69  EGO
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Today vs. 24 hours ago

Amount12:37 today24 hours ago24h change
0.5 EGO$0.01880$0.01998
-5.91%
1 EGO$0.03760$0.03996
-5.91%
5 EGO$0.1880$0.1998
-5.91%
10 EGO$0.3760$0.3996
-5.91%
50 EGO$1.88$2
-5.91%
100 EGO$3.76$4
-5.91%
500 EGO$18.8$19.98
-5.91%
1000 EGO$37.6$39.96
-5.91%

Today vs. 1 month ago

Amount12:37 today1 month ago1M change
0.5 EGO$0.01880$0.03083
-39.06%
1 EGO$0.03760$0.06166
-39.06%
5 EGO$0.1880$0.3083
-39.06%
10 EGO$0.3760$0.6166
-39.06%
50 EGO$1.88$3.08
-39.06%
100 EGO$3.76$6.17
-39.06%
500 EGO$18.8$30.83
-39.06%
1000 EGO$37.6$61.66
-39.06%
Buy EGO for 1 AMD
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Today vs. 1 year ago

Amount12:37 today1 year ago1Y change
0.5 EGO$0.01880$0.{4}3190
--
1 EGO$0.03760$0.{4}6379
--
5 EGO$0.1880$0.0003190
--
10 EGO$0.3760$0.0006379
--
50 EGO$1.88$0.003190
--
100 EGO$3.76$0.006379
--
500 EGO$18.8$0.03190
--
1000 EGO$37.6$0.06379
--

EGO price prediction

What will the price of EGO be in 2025?

Based on EGO's historical price performance prediction model, the price of EGO is projected to reach $0.05668 in 2025.

What will the price of EGO be in 2030?

In 2030, the EGO price is expected to rise by 0.00%. By the end of 2030, the EGO price is projected to reach $0.1213, with a cumulative ROI of +222.59%.
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