Dram to Euro Exchange Rate

Every day, the Central Bank of Armenia publishes the official Armenian dram to euro exchange rate. These figures are used in customs settlements, accounting, and official contracts.

The Central Bank rate is a benchmark, not the actual exchange price. However, it shows the bigger picture: whether the dram is strengthening against the euro or, on the contrary, depreciating.

Since 1993, when the dram became Armenia’s national currency, its rate against the euro (and earlier, the German mark) has changed dozens of times. Today’s relative stability of the dram is largely supported by the Central Bank’s policies and by remittances from abroad, which make up a significant share of the country’s foreign currency inflows.

In practice, exchanges are always conducted at bank or exchange office rates.

• The spread between buying and selling euros in banks is usually 1–2%.
• In Yerevan, online banking often offers better deals than physical branches.
• In the regions, rates are usually less competitive and updated less frequently.
• If you need the exact AMD to EUR rate in Armenia today, check several banks at once. Even a small difference of 7 drams per euro on a large sum can save you hundreds of thousands of drams.

The dram’s movement against the euro is affected by:

• Armenia’s economy – inflation level, Central Bank policy, and foreign currency reserves.
• EU economy – decisions of the European Central Bank and eurozone macro indicators.
• Commodity prices – since Armenia imports energy, their cost directly affects the currency balance.
• Diaspora remittances – a large portion of inflows arrive in euros, directly influencing demand and supply.
• Seasonal factors – in summer and at year-end, demand for euros rises due to travel and foreign purchases.

To avoid overpaying when exchanging:

1. Compare AMD to EUR rates across different banks.
2. Use mobile apps – they often provide better quotes.
3. Avoid “street currency exchange” – it’s risky and illegal.
4. For large sums, ask whether the bank can lock in the rate in advance.
5. Tip: for regular exchanges, online banking is the most convenient option, showing real-time rates.

To exchange currency at a bank, you’ll need:

• Passport or ID card (mandatory for large sums).
• Cash or a bank card.
• In some cases, proof of funds (for high-value transactions).

The procedure usually takes just a few minutes. For non-residents, the rules are the same, though banks may request additional documents under currency control requirements.

AFM updates exchange rates across all banks in Armenia every day. On our website you can:

• Find the best AMD to EUR rate in Armenia today.
• Compare buy and sell rates in Yerevan and the regions.
• View AMD – EUR exchange charts for the past week, month, and throughout 2025.
• Explore forecasts and analytics to choose the most favorable time to exchange.

Some AFM users note that with regular euro-to-dram exchanges, yearly savings can be substantial — all thanks to knowing where the best rate is today.