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Shiba Inu to Armenian Dram Converter and calculator

Convert 1Shiba Inu (SHIB) to Armenian Dram (AMD) equals ֏ 0.008580 | 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 Shiba Inu currency pair is the SHIB to AMD, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

SHIB to AMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Shiba Inu has changed -11.30% to AMD. Based on the trend and price charts, Shiba Inu(SHIB) has changed -11.30% to AMD while Armenian Dram(AMD) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
֏0.008822
0.0001% / 0.0004%vip-iconVIP
Binance
֏0.008822
0.1000% / 0.1000%
Yes
Coinbase Exchange
֏0.008818
0.1000% / 0.1000%
Yes
Kraken
֏0.008814
0.1000% / 0.1000%
Yes
OKX
֏0.008818
0.080% / 0.100%
Yes
Huobi
֏0.008814
0.1000% / 0.1000%
Yes
Gate.io
֏0.008818
0.1000% / 0.1000%
Yes
Bybit
֏0.008826
0.1000% / 0.1000%
Yes
KuCoin
֏0.008814
0.1000% / 0.1000%
Yes
Bitfinex
֏0.008857
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 11:00:37(UTC+0)

What factors influence the conversion rate of Shiba Inu to Armenian Dram?

Shiba Inu to Armenian Dram is falling this week.
Shiba Inu's current market price is ֏ 0.008580 per SHIB, with a total market cap of ֏ 5,056,075,711,607.6 AMD based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by +45.60% (֏ 219,054,214,342.38 AMD) in the last 24 hours. Last trading day, SHIB's trading volume was ֏ 480,359,927,157.7.
Market cap
$12.79B
24h volume
$1.77B
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at ֏ 0.008580 AMD , which means buying 5 SHIB will cost ֏ 0.04290 AMD . Similarly, ֏1 AMD can be traded for 116.55 SHIB, and ֏50 AMD can be converted to 5,827.54 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Armenian Dram has changed by -23.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by -11.30%, reaching a high of 0.009855 AMD and a low of 0.007326 AMD . One month ago, the value of 1 SHIB was ֏ 0.01127 AMD , which represents a -23.88% change from its current value. Over the last year, Shiba Inu has changed by
+֏
0.004124AMD
, resulting in a change of +92.45% in its value.

SHIB to AMD

Amount
11:52 am today
0.5 SHIB
֏0.004290
1 SHIB
֏0.008580
5 SHIB
֏0.04290
10 SHIB
֏0.08580
50 SHIB
֏0.4290
100 SHIB
֏0.8580
500 SHIB
֏4.29
1000 SHIB
֏8.58

AMD to SHIB

Amount11:52 am today
0.5AMD58.28  SHIB
1AMD116.55  SHIB
5AMD582.75  SHIB
10AMD1,165.51  SHIB
50AMD5,827.54  SHIB
100AMD11,655.07  SHIB
500AMD58,275.37  SHIB
1000AMD116,550.75  SHIB
share

Today vs. 24 hours ago

Amount11:52 am today24 hours ago24h change
0.5 SHIB$0.{4}1085$0.{4}1223
-11.30%
1 SHIB$0.{4}2170$0.{4}2447
-11.30%
5 SHIB$0.0001085$0.0001223
-11.30%
10 SHIB$0.0002170$0.0002447
-11.30%
50 SHIB$0.001085$0.001223
-11.30%
100 SHIB$0.002170$0.002447
-11.30%
500 SHIB$0.01085$0.01223
-11.30%
1000 SHIB$0.02170$0.02447
-11.30%

Today vs. 1 month ago

Amount11:52 am today1 month ago1M change
0.5 SHIB$0.{4}1085$0.{4}1426
-23.88%
1 SHIB$0.{4}2170$0.{4}2851
-23.88%
5 SHIB$0.0001085$0.0001426
-23.88%
10 SHIB$0.0002170$0.0002851
-23.88%
50 SHIB$0.001085$0.001426
-23.88%
100 SHIB$0.002170$0.002851
-23.88%
500 SHIB$0.01085$0.01426
-23.88%
1000 SHIB$0.02170$0.02851
-23.88%

Today vs. 1 year ago

Amount11:52 am today1 year ago1Y change
0.5 SHIB$0.{4}1085$0.{5}5635
+92.45%
1 SHIB$0.{4}2170$0.{4}1127
+92.45%
5 SHIB$0.0001085$0.{4}5635
+92.45%
10 SHIB$0.0002170$0.0001127
+92.45%
50 SHIB$0.001085$0.0005635
+92.45%
100 SHIB$0.002170$0.001127
+92.45%
500 SHIB$0.01085$0.005635
+92.45%
1000 SHIB$0.02170$0.01127
+92.45%

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.