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PENYS to Armenian Dram (PENYS to AMD)

PENYS to AMD Converter and calculator

PENYS/AMD: 1 PENYS = 0.2359 AMD. The price of converting 1 PENYS (PENYS) to Armenian Dram (AMD) is 0.2359 AMD today.
PENYS
AMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PENYS to AMD real-time exchange rates, making it easy to convert PENYS (PENYS) to Armenian Dram (AMD). The conversion result is based on real-time data. The conversion result shows that 1 PENYS is currently valued at 0.2359 AMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PENYS is currently valued at 0.2359 AMD, which means buying 5 PENYS would cost 1.18 AMD. Similarly, ֏1 AMD can be converted to 4.24 PENYS, and ֏50 AMD can be converted to 21.2 PENYS, excluding any platform or gas fees.

Convert PENYS to AMD

Convert AMD to PENYS

PENYS
Armenian Dram
1 PENYS
0.2359  AMD
Exchange 1 PENYS for 0.2359 AMD
2 PENYS
0.4718  AMD
Exchange 2 PENYS for 0.4718 AMD
5 PENYS
1.18  AMD
Exchange 5 PENYS for 1.18 AMD
10 PENYS
2.36  AMD
Exchange 10 PENYS for 2.36 AMD
20 PENYS
4.72  AMD
Exchange 20 PENYS for 4.72 AMD
50 PENYS
11.79  AMD
Exchange 50 PENYS for 11.79 AMD
100 PENYS
23.59  AMD
Exchange 100 PENYS for 23.59 AMD
200 PENYS
47.18  AMD
Exchange 200 PENYS for 47.18 AMD
500 PENYS
117.95  AMD
Exchange 500 PENYS for 117.95 AMD
1000 PENYS
235.89  AMD
Exchange 1000 PENYS for 235.89 AMD
5000 PENYS
1,179.45  AMD
Exchange 5000 PENYS for 1,179.45 AMD
10000 PENYS
2,358.9  AMD
Exchange 10000 PENYS for 2,358.9 AMD
In the table above, you'll find a comprehensive PENYS to AMD converter that shows the value of PENYS in Armenian Dram across commonly used conversion amounts. The list covers conversions from 1 PENYS to AMD, all the way up to 10000 PENYS, providing a clear view of their respective values.
Armenian Dram
PENYS
1 AMD
4.24 PENYS
Exchange 1 AMD for 4.24 PENYS
10 AMD
42.39 PENYS
Exchange 10 AMD for 42.39 PENYS
50 AMD
211.96 PENYS
Exchange 50 AMD for 211.96 PENYS
100 AMD
423.93 PENYS
Exchange 100 AMD for 423.93 PENYS
200 AMD
847.85 PENYS
Exchange 200 AMD for 847.85 PENYS
500 AMD
2,119.63 PENYS
Exchange 500 AMD for 2,119.63 PENYS
1000 AMD
4,239.26 PENYS
Exchange 1000 AMD for 4,239.26 PENYS
2000 AMD
8,478.53 PENYS
Exchange 2000 AMD for 8,478.53 PENYS
5000 AMD
21,196.32 PENYS
Exchange 5000 AMD for 21,196.32 PENYS
10000 AMD
42,392.63 PENYS
Exchange 10000 AMD for 42,392.63 PENYS
50000 AMD
211,963.16 PENYS
Exchange 50000 AMD for 211,963.16 PENYS
100000 AMD
423,926.32 PENYS
Exchange 100000 AMD for 423,926.32 PENYS
In the table above, you'll find a comprehensive AMD to PENYS converter that shows the value of Armenian Dram in PENYS across commonly used conversion amounts. The list covers conversions from 1 AMD to PENYS, all the way up to 100000 AMD, providing a clear view of their respective values.

PENYS to AMD chart

PENYS/AMD: 1 PENYS = 0.2359 AMD; 2026/01/12 10:00:36
In the past 1D, PENYS has changed -0.74% to AMD. Based on the trend and price charts, PENYS(PENYS) has changed -0.74% to AMD while Armenian Dram(AMD) has changed % to PENYS in the last 24 hours.
1D7D1M3M1YAll

PENYS to AMD conversion data: Volatility and price changes of PENYS in AMD

The highest PENYS price in AMD over the past 7 days was -- AMD while the lowest PENYS price in AMD over the past 7 days was -- AMD. The relative change between the highs and lows in PENYS price in AMD over the last 7 days indicates a volatility of %. You can view additional volatility data and PENYS to AMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
1.24 AMD
-- AMD
-- AMD
-- AMD
Low
0.1683 AMD
-- AMD
-- AMD
-- AMD
Average
0 AMD
0 AMD
0 AMD
0 AMD
Volatility
%
%
%
%
Change
-0.74%
--
--
--

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PENYS information

PENYS to AMD market statistics

PENYS/AMD:
֏0.2359
PENYS 24h volume:
֏920,053,648.73
PENYS market cap:
֏3,901.17
PENYS circulating supply:
16.54K PENYS

Current PENYS to AMD exchange rate

PENYS to Armenian Dram is falling this week.
PENYS's current market price is ֏0.2359 per PENYS, with a total market cap of ֏3,901.17 AMD based on a circulating supply of 16,538.072 PENYS. The trading volume of PENYS has changed by --% (֏-- AMD) in the last 24 hours. Last trading day, PENYS's trading volume was ֏--.

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Armenian Dram 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.

Bitget crypto-to-fiat exchange data shows that the most popular PENYS currency pair is the PENYS to AMD, with for PENYS's currency code being PENYS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

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How to convert PENYS to AMD

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1 PENYS to ֏0.2359 AMD
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PENYS to AMD Conversion tables

The exchange rate of PENYS is decreasing.
The exchange rate of 1 PENYS to Armenian Dram has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.74%, reaching a high of 1.24 AMD and a low of 0.1683 AMD . One month ago, the value of 1 PENYS was ֏-- AMD , which represents a --% change from its current value. Over the last year, PENYS has changed by
-֏
--AMD
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 10:00 am today 24 hours ago 24h change
0.5 PENYS
֏0.1179֏--
-0.74%
1 PENYS
֏0.2359֏--
-0.74%
5 PENYS
֏1.18֏--
-0.74%
10 PENYS
֏2.36֏--
-0.74%
50 PENYS
֏11.79֏--
-0.74%
100 PENYS
֏23.59֏--
-0.74%
500 PENYS
֏117.95֏--
-0.74%
1000 PENYS
֏235.89֏--
-0.74%

PENYS to AMD FAQ

How much is 1 PENYS in AMD?
Right now, the price of 1 PENYS (PENYS) in Armenian Dram (AMD) is ֏0.2359.
How much PENYS can I buy for 1 AMD?
Based on the current exchange rate, you can get 4.24 PENYS for 1 AMD.
How do I calculate or convert PENYS to AMD?
You can use our PENYS to AMD calculator at the top of this page to convert any amount of PENYS to AMD. We've also included quick-reference tables for the most popular conversions. For example, 5 AMD is equivalent to 21.2 PENYS, while 5 PENYS will cost around 1.18AMD.
What is the highest price of PENYS/AMD in history?
The all-time high price of 1 PENYS in AMD is --. It remains to be seen if the value of 1 PENYS/AMD will exceed the current all-time high.
What is the price trend of PENYS in AMD?
Over the past 7 days, the exchange rate of PENYS (PENYS) has gone down by --.   Over the last month, the exchange rate of PENYS (PENYS) has gone down by -- against Armenian Dram (AMD).

What factors influence the conversion rate of PENYS to AMD?

There are many factors that affect the relationship between PENYS and Armenian Dram, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PENYS/AMD. When there is positive news in the market about the widespread adoption of PENYS or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PENYS/AMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PENYS/AMD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PENYS/AMD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of PENYS and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular PENYS currency pairs: PENYS to US Dollar (USD), PENYS to Euro (EUR), PENYS to Pound Sterling (GBP), PENYS to Canadian Dollar (CAD), PENYS to Indian Rupee (INR), PENYS to Pakistani Rupee (PKR), PENYS to Brazilian Real (BRL), PENYS to…
The price of PENYS in the US is $0.0006189 USD. Additionally, PENYS’s price is €0.0005296 EUR in the eurozone, £0.0004603 GBP in the UK, C$0.0008588 CAD in Canada, ₹0.05583 INR in India, ₨0.1731 PKR in Pakistan, R$0.003323 BRL in Brazil, and more.
The most popular PENYS currency pair is the PENYS to Armenian Dram(AMD). The price of 1 PENYS (PENYS) in Armenian Dram (AMD) is ֏0.2359.

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