Convert Armenian Dram to Colombian Peso
Convert Armenian Dram (AMD) to Colombian Peso (COP) using daily updated exchange rates.
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Exchange Rate
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About Armenian Dram
The Armenian Dram (AMD) became the official currency of Armenia in November 1993, replacing the Soviet ruble following the country's independence from the USSR in 1991. Its name derives from the historic silver coin used in medieval Armenia. The Central Bank of Armenia oversees monetary policy and issues dram banknotes and coins. Armenia's economy is heavily influenced by remittances from the Armenian diaspora and exports of diamonds, minerals, and brandy. The dram is divided into 100 luma, though luma coins are no longer in circulation due to low purchasing power.
About Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, with a history dating to 1837, making it one of the older continuously used currencies in Latin America. The Banco de la Republica issues the peso and manages monetary policy with an inflation-targeting framework. Colombia has the third largest economy in South America, with significant exports of oil, coal, coffee, flowers, and emeralds. The peso has experienced volatility due to its correlation with oil prices - Colombia is South America's third-largest oil producer.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).