The growth in forex transactions on NASDAQ OMX Armenia and the doubled amount of the operations on the interbank forex market have relatively appreciated the Armenian Dram (AMD).
On June 8-12, NASDAQ OMX Armenia saw 4.3% rise in transactions amid more than twofold rise in the operations on the interbank forex market. This week the AMD/USD exchange rate dropped from 476.5 to
475.3 AMD/$1 by Tuesday. Afterwards, it rose again on Wednesday and remained at 477.3 AMD/$1 for two days and dropped to 477 AMD/$1 on Friday.
The press office of the Central Bank of Armenia (CBA) has told ArmInfo that over the period under review the forex operations on NASDAQ OMX Armenia amounted to $9.750 mln at the average exchange rate of 476.59 AMD/$1. The biggest amount was registered on Monday and Wednesday - $5.050 mln and $4 mln, respectively. The transactions on the interbank forex market totaled $2.5 mln at the average
exchange rate 476.85 AMD/$1.
The source says that on 8-12 June 2015 on the intrabank forex market (transactions with customers) the banks bought $72.35 mln at the average exchange rate of 475.90 AMD/$1, and sold $80.65 mln at the
average exchange rate of 477.04 AMD/$1. During the same period, the banks bought 5.6 mln EUR at the average exchange rate of 532.45 AMD/1EUR, and sold 10 mln EUR at the average exchange rate of 537.45 AMD/1EUR. The banks also bought 804.3 mln RUR at the average exchange rate of 8.53 AMD/1RUR, and sold 204.6 mln RUR at the average exchange rate of 8.68 AMD/1RUR.
Last week (1-7 June) the Armenian banks provided AMD loans worth 31.6 bln AMD and USD loans worth $39.7 mln. As compared with the previous week (25- 31 May), the AMD loans dropped by 1.9%, while the USD loans fell by 20.6%.
