Depends on the gun it's being fired from. For example, the effective range of an StG-44 (on semi-auto mode) is about 400 meters, while the M14 has an effective range of nearly 500 meters - even though both rifles use 7.62mm NATO rounds.
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And of course, there are several different 7.62mm cartridges. The 7.62 NATO cartridge mentioned above is capable of traveling several miles (with no significant accuracy) when fired at a high angle- about 44 degrees.
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