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Maker to Armenian Dram Converter and calculator

Convert 1Maker (MKR) to Armenian Dram (AMD) equals ֏ 1,181,227.03 | 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 Maker currency pair is the MKR to AMD, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

MKR to AMD conversion rate trend

In the past 1D, Maker has changed +15.23% to AMD. Based on the trend and price charts, Maker(MKR) has changed +15.23% to AMD while Armenian Dram(AMD) has changed % to MKR 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 2024/04/14 21:00:30(UTC+0)

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

Maker to Armenian Dram is falling this week.
Maker's current market price is ֏ 1,181,227.03 per MKR, with a total market cap of ֏ 1,092,292,099,806.77 AMD based on a circulating supply of 924,709.7 MKR. The trading volume of Maker has changed by +20.98% (֏ 12,124,596,066.79 AMD) in the last 24 hours. Last trading day, MKR's trading volume was ֏ 57,787,630,255.49.
Market cap
24h volume
Circulating supply
924.71K MKR

Conversion tables

The exchange rate of Maker is increasing.
1 MKR is currently valued at ֏ 1,181,227.03 AMD , which means buying 5 MKR will cost ֏ 5,906,135.13 AMD . Similarly, ֏1 AMD can be traded for 0.{6}8466 MKR, and ֏50 AMD can be converted to 0.{4}4233 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Armenian Dram has changed by -17.18% in the last 7 days. In the last 24 hours, the rate has fluctuated by +15.23%, reaching a high of 1,187,693.46 AMD and a low of 991,859.67 AMD . One month ago, the value of 1 MKR was ֏ 1,060,620.14 AMD , which represents a +11.37% change from its current value. Over the last year, Maker has changed by
, resulting in a change of +288.81% in its value.


21:05 today
0.5 MKR
10 MKR
50 MKR
100 MKR
500 MKR
1000 MKR


Amount21:05 today
0.5AMD0.{6}4233  MKR
1AMD0.{6}8466  MKR
5AMD0.{5}4233  MKR
10AMD0.{5}8466  MKR
50AMD0.{4}4233  MKR
100AMD0.{4}8466  MKR
500AMD0.0004233  MKR
1000AMD0.0008466  MKR

Today vs. 24 hours ago

Amount21:05 today24 hours ago24h change
0.5 MKR$1,493.68$1,296.29
1 MKR$2,987.36$2,592.57
5 MKR$14,936.79$12,962.87
10 MKR$29,873.57$25,925.74
50 MKR$149,367.86$129,628.71
100 MKR$298,735.72$259,257.42
500 MKR$1,493,678.6$1,296,287.1
1000 MKR$2,987,357.2$2,592,574.2

Today vs. 1 month ago

Amount21:05 today1 month ago1M change
0.5 MKR$1,493.68$1,341.17
1 MKR$2,987.36$2,682.34
5 MKR$14,936.79$13,411.69
10 MKR$29,873.57$26,823.39
50 MKR$149,367.86$134,116.95
100 MKR$298,735.72$268,233.89
500 MKR$1,493,678.6$1,341,169.45
1000 MKR$2,987,357.2$2,682,338.9

Today vs. 1 year ago

Amount21:05 today1 year ago1Y change
0.5 MKR$1,493.68$384.26
1 MKR$2,987.36$768.51
5 MKR$14,936.79$3,842.55
10 MKR$29,873.57$7,685.11
50 MKR$149,367.86$38,425.55
100 MKR$298,735.72$76,851.1
500 MKR$1,493,678.6$384,255.5
1000 MKR$2,987,357.2$768,511


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