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RENEC to AMD Converter and calculator

RENEC/AMD: 1 RENEC = 45.19 AMD. The price of converting 1 RENEC (RENEC) to Armenian Dram (AMD) is 45.19 AMD today.
RENEC
RENEC
AMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides RENEC to AMD real-time exchange rates, making it easy to convert RENEC (RENEC) to Armenian Dram (AMD). The conversion result is based on real-time data. The conversion result shows that 1 RENEC is currently valued at 45.19 AMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RENEC is currently valued at 45.19 AMD, which means buying 5 RENEC would cost 225.94 AMD. Similarly, ֏1 AMD can be converted to 0.02213 RENEC, and ֏50 AMD can be converted to 0.1107 RENEC, excluding any platform or gas fees.

Convert RENEC to AMD

Convert AMD to RENEC

RENEC
Armenian Dram
50 RENEC
2,259.37  AMD
100 RENEC
4,518.74  AMD
200 RENEC
9,037.48  AMD
500 RENEC
22,593.71  AMD
1000 RENEC
45,187.42  AMD
5000 RENEC
225,937.11  AMD
10000 RENEC
451,874.22  AMD
In the table above, you'll find a comprehensive RENEC to AMD converter that shows the value of RENEC in Armenian Dram across commonly used conversion amounts. The list covers conversions from 1 RENEC to AMD, all the way up to 10000 RENEC, providing a clear view of their respective values.
Armenian Dram
RENEC
50000 AMD
1,106.5 RENEC
100000 AMD
2,213.01 RENEC
In the table above, you'll find a comprehensive AMD to RENEC converter that shows the value of Armenian Dram in RENEC across commonly used conversion amounts. The list covers conversions from 1 AMD to RENEC, all the way up to 100000 AMD, providing a clear view of their respective values.

RENEC to AMD chart

RENEC/AMD: 1 RENEC = 45.19 AMD; 2025/04/30 00:18:57
In the past 1D, RENEC has changed +1.42% to AMD. Based on the trend and price charts, RENEC(RENEC) has changed +1.42% to AMD while Armenian Dram(AMD) has changed % to RENEC in the last 24 hours.
1D7D1M3M1YAll

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

The highest RENEC price in AMD over the past 7 days was 45.41 AMD while the lowest RENEC price in AMD over the past 7 days was 42.98 AMD. The relative change between the highs and lows in RENEC price in AMD over the last 7 days indicates a volatility of %. You can view additional volatility data and RENEC to AMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
45.21 AMD
45.41 AMD
47.41 AMD
387.26 AMD
Low
44.55 AMD
42.98 AMD
42.51 AMD
25.43 AMD
Average
0 AMD
0 AMD
0 AMD
0 AMD
Volatility
%
%
%
%
Change
+1.42%
+5.10%
-2.36%
-37.79%

RENEC information

RENEC to AMD market statistics

RENEC/AMD:
֏45.19
RENEC 24h volume:
--
RENEC market cap:
֏1,622,002,687.44
RENEC circulating supply:
35.90M RENEC

Current RENEC to AMD exchange rate

RENEC to Armenian Dram is rising this week.
RENEC's current market price is ֏45.19 per RENEC, with a total market cap of ֏1,622,002,687.44 AMD based on a circulating supply of 35,895,004 RENEC. The trading volume of RENEC has changed by 0.00% (֏0 AMD) in the last 24 hours. Last trading day, RENEC's trading volume was ֏0.

More info about RENEC on Bitget

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 RENEC currency pair is the RENEC to AMD, with for RENEC's currency code being RENEC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

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RENEC to AMD Conversion tables

The exchange rate of RENEC is decreasing.
The exchange rate of 1 RENEC to Armenian Dram has changed by +5.10% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.42%, reaching a high of 45.21 AMD and a low of 44.55 AMD . One month ago, the value of 1 RENEC was ֏46.28 AMD , which represents a -2.36% change from its current value. Over the last year, RENEC has changed by
-֏
59.89AMD
, resulting in a change of -57.00% in its value.
24 hours ago1 month ago1 year ago
Amount00:18 am today24 hours ago24h change
0.5 RENEC֏22.59֏22.28
+1.42%
1 RENEC֏45.19֏44.56
+1.42%
5 RENEC֏225.94֏222.78
+1.42%
10 RENEC֏451.87֏445.55
+1.42%
50 RENEC֏2,259.37֏2,227.77
+1.42%
100 RENEC֏4,518.74֏4,455.53
+1.42%
500 RENEC֏22,593.71֏22,277.66
+1.42%
1000 RENEC֏45,187.42֏44,555.33
+1.42%

RENEC to AMD FAQ

How much is 1 RENEC in AMD?
Right now, the price of 1 RENEC (RENEC) in Armenian Dram (AMD) is ֏45.19.
How much RENEC can I buy for 1 AMD?
Based on the current exchange rate, you can get 0.02213 RENEC for 1 AMD.
How do I calculate or convert RENEC to AMD?
You can use our RENEC to AMD calculator at the top of this page to convert any amount of RENEC to AMD. We've also included quick-reference tables for the most popular conversions. For example, 5 AMD is equivalent to 0.1107 RENEC, while 5 RENEC will cost around 225.94AMD.
What is the highest price of RENEC/AMD in history?
The all-time high price of 1 RENEC in AMD is ֏576.06. It remains to be seen if the value of 1 RENEC/AMD will exceed the current all-time high.
What is the price trend of RENEC in AMD?
Over the past 7 days, the exchange rate of RENEC (RENEC) has gone up by 5.10%.   Over the last month, the exchange rate of RENEC (RENEC) has gone down by 2.36% against Armenian Dram (AMD).

What factors influence the conversion rate of RENEC to AMD?

There are many factors that affect the relationship between RENEC 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 RENEC/AMD. When there is positive news in the market about the widespread adoption of RENEC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RENEC/AMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RENEC/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 RENEC/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 RENEC and adjust their investment strategies accordingly in the evolving market.

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