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base info First Digital USD

First Digital USD to Armenian Dram Converter and calculator

Convert 1First Digital USD (FDUSD) to Armenian Dram (AMD) equals ֏ 396.11 | 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 First Digital USD currency pair is the FDUSD to AMD, with for First Digital USD's currency code being FDUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

FDUSD to AMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, First Digital USD has changed -0.06% to AMD. Based on the trend and price charts, First Digital USD(FDUSD) has changed -0.06% to AMD while Armenian Dram(AMD) has changed % to FDUSD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
֏396.11
0.0001% / 0.0004%vip-iconVIP
Binance
֏396.36
0.1000% / 0.1000%
Yes
Gate.io
֏396.28
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 19:00:23(UTC+0)

What factors influence the conversion rate of First Digital USD to Armenian Dram?

First Digital USD to Armenian Dram is rising this week.
First Digital USD's current market price is ֏ 396.11 per FDUSD, with a total market cap of ֏ 1,575,872,855,267.35 AMD based on a circulating supply of 3,978,351,900 FDUSD. The trading volume of First Digital USD has changed by -20.27% (֏ -979,001,568,293.91 AMD) in the last 24 hours. Last trading day, FDUSD's trading volume was ֏ 4,830,162,904,476.96.
Market cap
$3.97B
24h volume
$9.71B
Circulating supply
3.98B FDUSD

Conversion tables

The exchange rate of First Digital USD is increasing.
1 FDUSD is currently valued at ֏ 396.11 AMD , which means buying 5 FDUSD will cost ֏ 1,980.56 AMD . Similarly, ֏1 AMD can be traded for 0.002525 FDUSD, and ֏50 AMD can be converted to 0.1262 FDUSD, excluding any platform or gas fees.
The exchange rate of 1 FDUSD to Armenian Dram has changed by +0.13% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.06%, reaching a high of 397.95 AMD and a low of 395.69 AMD . One month ago, the value of 1 FDUSD was ֏ 396.1 AMD , which represents a +0.00% change from its current value. Over the last year, First Digital USD has changed by
+֏
396.53AMD
, resulting in a change of --% in its value.

FDUSD to AMD

Amount
19:54 today
0.5 FDUSD
֏198.06
1 FDUSD
֏396.11
5 FDUSD
֏1,980.56
10 FDUSD
֏3,961.12
50 FDUSD
֏19,805.6
100 FDUSD
֏39,611.2
500 FDUSD
֏198,056
1000 FDUSD
֏396,111.99

AMD to FDUSD

Amount19:54 today
0.5AMD0.001262  FDUSD
1AMD0.002525  FDUSD
5AMD0.01262  FDUSD
10AMD0.02525  FDUSD
50AMD0.1262  FDUSD
100AMD0.2525  FDUSD
500AMD1.26  FDUSD
1000AMD2.52  FDUSD
share

Today vs. 24 hours ago

Amount19:54 today24 hours ago24h change
0.5 FDUSD$0.4994$0.4997
-0.06%
1 FDUSD$0.9988$0.9994
-0.06%
5 FDUSD$4.99$5
-0.06%
10 FDUSD$9.99$9.99
-0.06%
50 FDUSD$49.94$49.97
-0.06%
100 FDUSD$99.88$99.94
-0.06%
500 FDUSD$499.39$499.7
-0.06%
1000 FDUSD$998.78$999.39
-0.06%

Today vs. 1 month ago

Amount19:54 today1 month ago1M change
0.5 FDUSD$0.4994$0.4994
+0.00%
1 FDUSD$0.9988$0.9988
+0.00%
5 FDUSD$4.99$4.99
+0.00%
10 FDUSD$9.99$9.99
+0.00%
50 FDUSD$49.94$49.94
+0.00%
100 FDUSD$99.88$99.88
+0.00%
500 FDUSD$499.39$499.38
+0.00%
1000 FDUSD$998.78$998.76
+0.00%

Today vs. 1 year ago

Amount19:54 today1 year ago1Y change
0.5 FDUSD$0.4994$-0.0005223
--
1 FDUSD$0.9988$-0.001045
--
5 FDUSD$4.99$-0.005223
--
10 FDUSD$9.99$-0.01045
--
50 FDUSD$49.94$-0.05223
--
100 FDUSD$99.88$-0.1045
--
500 FDUSD$499.39$-0.5223
--
1000 FDUSD$998.78$-1.04457
--

FAQ

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