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Fabwelt to Armenian Dram Converter and calculator

Convert 1Fabwelt (WELT) to Armenian Dram (AMD) equals ֏ 1.21 | Bitget
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Last updated 2024/12/24 20:49:41 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Fabwelt(WELT) to Armenian Dram(AMD). This is the real-time data. The current conversion shows 1 WELT at a value of 1 WELT for 1.21 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 Fabwelt currency pair is the WELT to AMD, with for Fabwelt's currency code being WELT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

WELT to AMD conversion rate trend

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Live Fabwelt (WELT) price chart
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In the past 1D, Fabwelt has changed -2.02% to AMD. Based on the trend and price charts, Fabwelt(WELT) has changed -2.02% to AMD while Armenian Dram(AMD) has changed +2.06% to WELT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
֏1.21
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/24 16:31:18(UTC+0)

How to buy Fabwelt

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Buy Fabwelt (WELT)
Use a variety of payment options to buy Fabwelt on Bitget. We'll show you how.

Buy WELT (or USDT) for AMD (Armenian Dram) offers

Bitget P2P trading does not currently support direct buying of WELT with AMD. However, you can buy USDT in Bitget P2P trading first, and then buy WELT with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Sell WELT (or USDT) for AMD (Armenian Dram) offers

Bitget P2P trading currently does not support direct selling of WELT to AMD. However, you can first exchange WELT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Fabwelt to Armenian Dram?

Fabwelt to Armenian Dram is falling this week.
Fabwelt's current market price is ֏ 1.21 per WELT, with a total market cap of ֏ 277,464,437.1 AMD based on a circulating supply of 228,991,730 WELT. The trading volume of Fabwelt has changed by +37.71% (֏ 16,555,511.03 AMD) in the last 24 hours. Last trading day, WELT's trading volume was ֏ 43,896,938.94.
Market cap
$694.41K
24h volume
$151.29K
Circulating supply
228.99M WELT

Conversion tables

The exchange rate of Fabwelt is decreasing.
1 WELT is currently valued at ֏ 1.21 AMD , which means buying 5 WELT will cost ֏ 6.06 AMD . Similarly, ֏1 AMD can be traded for 0.8253 WELT, and ֏50 AMD can be converted to 41.27 WELT, excluding any platform or gas fees.
The exchange rate of 1 WELT to Armenian Dram has changed by -9.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.02%, reaching a high of 1.24 AMD and a low of 1.2 AMD . One month ago, the value of 1 WELT was ֏ 1.45 AMD , which represents a -16.51% change from its current value. Over the last year, Fabwelt has changed by
-֏
3.4AMD
, resulting in a change of -73.70% in its value.

WELT to AMD

Amount
20:49 today
0.5 WELT
֏0.6058
1 WELT
֏1.21
5 WELT
֏6.06
10 WELT
֏12.12
50 WELT
֏60.58
100 WELT
֏121.17
500 WELT
֏605.84
1000 WELT
֏1,211.68

AMD to WELT

Amount20:49 today
0.5AMD0.4127  WELT
1AMD0.8253  WELT
5AMD4.13  WELT
10AMD8.25  WELT
50AMD41.27  WELT
100AMD82.53  WELT
500AMD412.65  WELT
1000AMD825.3  WELT

Today vs. 24 hours ago

Amount20:49 today24 hours ago24h change
0.5 WELT$0.001516$0.001547
-2.02%
1 WELT$0.003032$0.003095
-2.02%
5 WELT$0.01516$0.01547
-2.02%
10 WELT$0.03032$0.03095
-2.02%
50 WELT$0.1516$0.1547
-2.02%
100 WELT$0.3032$0.3095
-2.02%
500 WELT$1.52$1.55
-2.02%
1000 WELT$3.03$3.09
-2.02%

Today vs. 1 month ago

Amount20:49 today1 month ago1M change
0.5 WELT$0.001516$0.001816
-16.51%
1 WELT$0.003032$0.003632
-16.51%
5 WELT$0.01516$0.01816
-16.51%
10 WELT$0.03032$0.03632
-16.51%
50 WELT$0.1516$0.1816
-16.51%
100 WELT$0.3032$0.3632
-16.51%
500 WELT$1.52$1.82
-16.51%
1000 WELT$3.03$3.63
-16.51%

Today vs. 1 year ago

Amount20:49 today1 year ago1Y change
0.5 WELT$0.001516$0.005767
-73.70%
1 WELT$0.003032$0.01153
-73.70%
5 WELT$0.01516$0.05767
-73.70%
10 WELT$0.03032$0.1153
-73.70%
50 WELT$0.1516$0.5767
-73.70%
100 WELT$0.3032$1.15
-73.70%
500 WELT$1.52$5.77
-73.70%
1000 WELT$3.03$11.53
-73.70%

Fabwelt price prediction

What will the price of WELT be in 2025?

Based on WELT's historical price performance prediction model, the price of WELT is projected to reach $0.006003 in 2025.

What will the price of WELT be in 2030?

In 2030, the WELT price is expected to change by -1.00%. By the end of 2030, the WELT price is projected to reach $0.01173, with a cumulative ROI of +278.85%.

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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.