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base info Ethereum Classic

Ethereum Classic to Armenian Dram Converter and calculator

Convert 1Ethereum Classic (ETC) to Armenian Dram (AMD) equals ֏ 10,868.26 | 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 Ethereum Classic(ETC) to Armenian Dram(AMD). This is the real-time data. The current conversion shows 1 ETC at a value of 1 ETC for 10,868.26 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 Ethereum Classic currency pair is the ETC to AMD, with for Ethereum Classic's currency code being ETC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

ETC to AMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Ethereum Classic has changed +5.27% to AMD. Based on the trend and price charts, Ethereum Classic(ETC) has changed +5.27% to AMD while Armenian Dram(AMD) has changed % to ETC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
֏10,704.85
0.0001% / 0.0004%vip-iconVIP
Binance
֏10,731.35
0.1000% / 0.1000%
Yes
OKX
֏10,735.29
0.080% / 0.100%
Yes
Huobi
֏10,736.7
0.1000% / 0.1000%
Yes
Gate.io
֏10,723.1
0.1000% / 0.1000%
Yes
Bybit
֏10,711.69
0.1000% / 0.1000%
Yes
KuCoin
֏10,748.07
0.1000% / 0.1000%
Yes
Bitfinex
֏10,674.33
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 16:00:35(UTC+0)

What factors influence the conversion rate of Ethereum Classic to Armenian Dram?

Ethereum Classic to Armenian Dram is falling this week.
Ethereum Classic's current market price is ֏ 10,868.26 per ETC, with a total market cap of ֏ 1,593,828,909,477.38 AMD based on a circulating supply of 146,649,820 ETC. The trading volume of Ethereum Classic has changed by -39.19% (֏ -45,461,452,246.86 AMD) in the last 24 hours. Last trading day, ETC's trading volume was ֏ 116,013,045,938.93.
Market cap
$4.05B
24h volume
$179.41M
Circulating supply
146.65M ETC

Conversion tables

The exchange rate of Ethereum Classic is decreasing.
1 ETC is currently valued at ֏ 10,868.26 AMD , which means buying 5 ETC will cost ֏ 54,341.32 AMD . Similarly, ֏1 AMD can be traded for 0.{4}9201 ETC, and ֏50 AMD can be converted to 0.004601 ETC, excluding any platform or gas fees.
The exchange rate of 1 ETC to Armenian Dram has changed by -2.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.27%, reaching a high of 10,981.94 AMD and a low of 10,130.57 AMD . One month ago, the value of 1 ETC was ֏ 11,982.05 AMD , which represents a -9.30% change from its current value. Over the last year, Ethereum Classic has changed by
+֏
280.2AMD
, resulting in a change of +38.71% in its value.

ETC to AMD

Amount
16:55 today
0.5 ETC
֏5,434.13
1 ETC
֏10,868.26
5 ETC
֏54,341.32
10 ETC
֏108,682.64
50 ETC
֏543,413.19
100 ETC
֏1,086,826.38
500 ETC
֏5,434,131.9
1000 ETC
֏10,868,263.81

AMD to ETC

Amount16:55 today
0.5AMD0.{4}4601  ETC
1AMD0.{4}9201  ETC
5AMD0.0004601  ETC
10AMD0.0009201  ETC
50AMD0.004601  ETC
100AMD0.009201  ETC
500AMD0.04601  ETC
1000AMD0.09201  ETC
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Today vs. 24 hours ago

Amount16:55 today24 hours ago24h change
0.5 ETC$13.82$13.13
+5.27%
1 ETC$27.64$26.25
+5.27%
5 ETC$138.19$131.27
+5.27%
10 ETC$276.38$262.55
+5.27%
50 ETC$1,381.91$1,312.73
+5.27%
100 ETC$2,763.82$2,625.45
+5.27%
500 ETC$13,819.08$13,127.26
+5.27%
1000 ETC$27,638.17$26,254.52
+5.27%

Today vs. 1 month ago

Amount16:55 today1 month ago1M change
0.5 ETC$13.82$15.24
-9.30%
1 ETC$27.64$30.47
-9.30%
5 ETC$138.19$152.35
-9.30%
10 ETC$276.38$304.71
-9.30%
50 ETC$1,381.91$1,523.53
-9.30%
100 ETC$2,763.82$3,047.05
-9.30%
500 ETC$13,819.08$15,235.27
-9.30%
1000 ETC$27,638.17$30,470.53
-9.30%

Today vs. 1 year ago

Amount16:55 today1 year ago1Y change
0.5 ETC$13.82$9.96
+38.71%
1 ETC$27.64$19.93
+38.71%
5 ETC$138.19$99.63
+38.71%
10 ETC$276.38$199.26
+38.71%
50 ETC$1,381.91$996.28
+38.71%
100 ETC$2,763.82$1,992.56
+38.71%
500 ETC$13,819.08$9,962.81
+38.71%
1000 ETC$27,638.17$19,925.61
+38.71%

FAQ

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