Currency.Wiki

1 Canadian Dollar to Armenian Dram

Updated 1 minute ago
Convert 1 CAD:AMD
 CAD =
    AMD
 Canadian Dollar =  Armenian Drams
Trending: CA$ exchange rates for the last 24 hours
  • CAD/USD 0.732044 -0.01412103
  • CAD/EUR 0.684258 -0.00389457
  • CAD/JPY 114.107367 4.16814498
  • CAD/GBP 0.585255 -0.00255263
  • CAD/CHF 0.667509 0.02441271
  • CAD/MXN 12.540281 -0.26051558
  • CAD/INR 61.110114 -0.90437497
  • CAD/BRL 3.745796 0.05078674
  • CAD/CNY 5.304318 0.00348666

CAD/AMD exchange rate analysis over the past 90 days

Canadian Dollar to Armenian Dram exchange rate: Over the last 90 days, the Canadian Dollar weakened by -5.99% against the Armenian Dram, declining from AMD301.8916 to AMD284.8268 per Canadian Dollar. This trend reflects the evolving economic dynamics between the Canada and the Armenia. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Canada and Armenia.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Canada and Armenia.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Canada or Armenia.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Canada relative to the Armenia.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

cad/amd Historical Chart

CA$
Canadian Dollar Currency

Country: Canada

Symbol: CA$

ISO Code: CAD

Bank: Bank of Canada

Interesting fact about Canadian Dollar

The Canadian Dollar (CAD), Canada's official currency, is administered by the Bank of Canada. Established in 1858, the CAD supplanted numerous colonial currencies. Renowned for its stability and reliability, it is a cornerstone of Canada's economic framework, facilitating international trade and investments.

AMD
Armenian Dram Currency

Country: Armenia

Symbol: AMD

ISO Code: AMD

Bank: Central Bank of Armenia

Interesting fact about Armenian Dram

The Armenian Dram (AMD) is the official currency of Armenia. It was introduced in 1993 to replace the Soviet ruble. The dram has played a crucial role in stabilizing the country's economy and promoting economic growth. It represents Armenia's economic independence and sovereignty, providing stability and confidence for both domestic and foreign investors.

Quick Conversion Guide

Frequently Asked Questions

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The Canadian Dollar to Armenian Dram exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 CAD to AMD is AMD284.83.
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Yes, our site provides historical charts that show the trends and fluctuations in the Canadian Dollar to Armenian Dram exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.