Convert United States Dollar to Armenian Dram
Please provide values below to convert United States Dollar [USD] to Armenian Dram [AMD], or Convert Armenian Dram to United States Dollar.
How to Convert United States Dollar to Armenian Dram
1 USD = 0.00260380728701507 AMD
Example: convert 15 USD to AMD:
15 USD = 15 × 0.00260380728701507 AMD = 0.0390571093052261 AMD
United States Dollar to Armenian Dram Conversion Table
| United States Dollar | Armenian Dram |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.