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VeChain to Armenian Dram Converter and calculator

Convert 1VeChain (VET) to Armenian Dram (AMD) equals ֏ 16.44 | 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 VeChain(VET) to Armenian Dram(AMD). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 16.44 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 VeChain currency pair is the VET to AMD, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

VET to AMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +0.30% to AMD. Based on the trend and price charts, VeChain(VET) has changed +0.30% to AMD while Armenian Dram(AMD) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
֏16.44
0.0001% / 0.0004%vip-iconVIP
Binance
֏16.44
0.1000% / 0.1000%
Yes
Huobi
֏16.44
0.1000% / 0.1000%
Yes
Gate.io
֏16.44
0.1000% / 0.1000%
Yes
KuCoin
֏16.44
0.1000% / 0.1000%
Yes
Bitfinex
֏16.45
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 10:00:33(UTC+0)

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

VeChain to Armenian Dram is rising this week.
VeChain's current market price is ֏ 16.44 per VET, with a total market cap of ֏ 1,195,600,829,585.36 AMD based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +11.30% (֏ 2,674,362,115.7 AMD) in the last 24 hours. Last trading day, VET's trading volume was ֏ 23,657,709,526.38.
Market cap
$3.07B
24h volume
$67.61M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at ֏ 16.44 AMD , which means buying 5 VET will cost ֏ 82.21 AMD . Similarly, ֏1 AMD can be traded for 0.06082 VET, and ֏50 AMD can be converted to 3.04 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Armenian Dram has changed by +5.69% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.30%, reaching a high of 16.84 AMD and a low of 16.16 AMD . One month ago, the value of 1 VET was ֏ 16.93 AMD , which represents a -2.89% change from its current value. Over the last year, VeChain has changed by
+֏
8AMD
, resulting in a change of +94.75% in its value.

VET to AMD

Amount
10:27 am today
0.5 VET
֏8.22
1 VET
֏16.44
5 VET
֏82.21
10 VET
֏164.42
50 VET
֏822.12
100 VET
֏1,644.24
500 VET
֏8,221.2
1000 VET
֏16,442.39

AMD to VET

Amount10:27 am today
0.5AMD0.03041  VET
1AMD0.06082  VET
5AMD0.3041  VET
10AMD0.6082  VET
50AMD3.04  VET
100AMD6.08  VET
500AMD30.41  VET
1000AMD60.82  VET
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Today vs. 24 hours ago

Amount10:27 am today24 hours ago24h change
0.5 VET$0.02111$0.02104
+0.30%
1 VET$0.04222$0.04209
+0.30%
5 VET$0.2111$0.2104
+0.30%
10 VET$0.4222$0.4209
+0.30%
50 VET$2.11$2.1
+0.30%
100 VET$4.22$4.21
+0.30%
500 VET$21.11$21.04
+0.30%
1000 VET$42.22$42.09
+0.30%

Today vs. 1 month ago

Amount10:27 am today1 month ago1M change
0.5 VET$0.02111$0.02174
-2.89%
1 VET$0.04222$0.04347
-2.89%
5 VET$0.2111$0.2174
-2.89%
10 VET$0.4222$0.4347
-2.89%
50 VET$2.11$2.17
-2.89%
100 VET$4.22$4.35
-2.89%
500 VET$21.11$21.74
-2.89%
1000 VET$42.22$43.47
-2.89%

Today vs. 1 year ago

Amount10:27 am today1 year ago1Y change
0.5 VET$0.02111$0.01084
+94.75%
1 VET$0.04222$0.02168
+94.75%
5 VET$0.2111$0.1084
+94.75%
10 VET$0.4222$0.2168
+94.75%
50 VET$2.11$1.08
+94.75%
100 VET$4.22$2.17
+94.75%
500 VET$21.11$10.84
+94.75%
1000 VET$42.22$21.68
+94.75%

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.