Where to Exchange Currency in Armenia?

The material was updated on 29.01.2026.

If you are visiting Armenia for the first time, it’s best to check in advance where the nearest exchange offices and banks are located. In downtown Yerevan and near major attractions, exchange rates can be higher than in residential areas. For large sums, licensed exchange offices are usually more profitable, while for everyday purchases it’s often better to use Armenian bank cards – this way you pay directly in drams and avoid double conversion.

When exchanging currency in Armenia, you have several options – from specialized exchange offices and banks to airports and hotels. Each has its own features in terms of rates, commissions, and convenience.

Exchange Offices

The most popular option is exchanging money in Yerevan through specialized exchange points.

1. Pros: wide range of currencies, usually better rates than banks or airports, fast service.
2. Cons: you must check for a valid license and compare current rates, as differences can be significant.

Examples: SAS Exchange, Eurochange, and many licensed points in central Yerevan (Abovyan St., Tumanyan St., Mashtots Ave.).

Banks

Bank currency exchange is considered the most reliable.

1. Pros: guaranteed safety of transactions, official receipts.
2. Cons: service fees, fixed working hours, sometimes less favorable rates compared to exchange offices.

Examples: Ameriabank, Ardshinbank, ACBA Bank, Inecobank, Converse Bank — almost all major banks have currency exchange counters.

Hotels and Airport

Currency exchange is available at Zvartnots International Airport and in major hotels.

1. Pros: convenient for tourists right after arrival.
2. Cons: usually the worst rates, targeting tourists who need quick cash. Better to exchange a small amount here and then find a more profitable option in the city.

Examples: exchange desks at Zvartnots Airport, Marriott Yerevan, DoubleTree by Hilton, Holiday Inn Express.

Online Services (Telecell and others)

Digital solutions are becoming more popular, allowing you to lock in a rate online or perform non-cash exchanges.

1. Pros: convenience, ability to reserve a rate in advance, cashless operations without visiting an office.
2. Cons: to receive cash you still need to visit a branch; fully remote cash exchange is not yet available.

Examples: Telecell Money, EasyPay, and mobile banking apps (Ameriabank Mobile, Idram, InecoMobile).

What is the exchange rate in Armenia today?

Important Things to Know

1. The most common currencies accepted: US dollars, euros, Russian rubles.
2. Less common: British pounds or other currencies.
3. All payments inside Armenia are made in Armenian dram (AMD).
4. Always check the authenticity of banknotes upon receipt.
5. Compare exchange rates at different points — even a small difference matters with large sums.
6. Rates change daily depending on the bank or exchange office, so follow updates in real time.

Can You Exchange Currency Online?

Some banks allow online rate reservation with later cash withdrawal at a branch. A fully remote cash exchange is not yet possible. For non-cash transactions (transfers, purchases), banks do offer online exchanges with fixed rates.

Currencies Accepted in Armenia

1. US dollars (USD)
2. Euros (EUR)
3. Russian rubles (RUB)

Less commonly: British pounds and other currencies. All transactions in Armenia are carried out in AMD.

On the AFM You Can Find:

1. Current exchange rates in Armenia for today.
2. A convenient calculator to convert any amount into drams.
3. Comparisons of rates across banks and exchange offices.

This makes it easy to choose the best place to exchange money and avoid unnecessary fees.

FAQ

Where is the best place to exchange money in Yerevan?

Usually in licensed exchange offices, not at the airport or hotels.

Can I exchange money at night?

Yes, some exchange points in central Yerevan operate 24/7.

What is the RUB to AMD exchange rate today in Armenia?

Rates change daily. The latest data is available on AFM.

Checklist: How to Exchange Money Safely

1. Compare today’s exchange rates in Yerevan at several exchange office rates or on our AFM platform.
2. Choose only licensed exchange offices and banks.
3. At airports and hotels, exchange only small amounts.
4. Use AFM to track rates and find the best offers.

Conclusion

Currency exchange in Armenia is simple and widely available — you’ll find exchange offices or banks almost everywhere. However, the profitability depends heavily on the location: airports and hotels usually have less favorable rates, while the best deals are typically found in licensed exchange offices.

To avoid overpaying and ensure a safe transaction, always compare real-time rates. The AFM platform makes this easy by gathering data from all banks and exchange offices in Armenia in one place.

Check today’s exchange rates on AFM and choose the best way to exchange money in Yerevan without losing extra fees.