Convert New Taiwan Dollar to Armenian Dram
Please provide values below to convert New Taiwan Dollar [TWD] to Armenian Dram [AMD], or Convert Armenian Dram to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Armenian Dram
1 TWD = 0.0764608009831976 AMD
Example: convert 15 TWD to AMD:
15 TWD = 15 × 0.0764608009831976 AMD = 1.14691201474796 AMD
New Taiwan Dollar to Armenian Dram Conversion Table
| New Taiwan Dollar | Armenian Dram |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.