AMD keeps its positions to the dollar, continuing to weaken towards euro

ArmInfo. The currency interbank of Armenia sharply reduced the volume by 3.8 times from July 28 to August 4, after increasing by 3.7 times a week ago. At the same time, the buying of the dollar and the ruble on the background of the slackened interest in the euro intensified on the intra-bank foreign exchange market. The exchange market has not yet shown signs of life.

As a result, AMD also kept its positions against the dollar at the level of 479 AMD / $ 1 in the reporting week, continuing to weaken to the euro - this time from 560 to 569 AMD / 1evro, becoming stronger to the ruble - from 8.1 to 7.9 AMD / 1rub. A year earlier, on August 4, 2016, the exchange rate of the dram to the dollar was 476 AMD / $ 1, to the euro - 529.5 AMD / 1evro, and to the ruble - 7.2 AMD / ruble, which, in comparison with the current rates, indicates the annual devaluation of AMD to these currencies.

According to Armenian Central Bank press service, NASDAQ OMX Armenia exchange currency market has been vacant for the third month. At the same time, the volume of transactions in the currency interbank market was $ 7 million at the weighted average rate of 478.96 AMD / $ 1 (against the previous 478.93) from July 28 to August 4. At the same time, in the domestic forex market, the buying of the dollar changed the trend from a 17.1% decline to a 23.7% growth while accelerating the decline in sales from 5.7% to 7%, buying up the euro slowed growth from 21.7% to 8% with the acceleration of the sales decline from 2.9% to 14.7%, ruble buying changed the trend from a 28.3% decline to a 6.5% growth with a decline in sales dynamics from 25.6% 14.7% decline. As a result, $ 94.2 million was purchased at the average exchange rate of 477.84 AMD / $ 1, 12.1 million euro at the average rate of 560.73 AMD / 1EUR, and 1.3 billion rubles. At an average rate of 7.91 AMD / 1RUR, and sold $ 86.5 million at an average rate of 479.25 AMD / $ 1, 14.5 million euro at an average rate of 566.85 AMD / 1EUR, and 510.8 million rubles. At the average rate of 8 AMD / 1RUR.

According to the source, over the previous week (from July 24 to 29), Armenian banks issued AMD 38.7 billion in dram loans and $ 56 million in dollar loans. In comparison with the previous period (from July 17 to July 22), the dynamics of loans issued is as follows: drams from 20 % Growth drove down a 40% decline, and the trend of dollar, on the contrary, came out of a 55.8% decline in 64.7% growth.

TO note, in Jan-May 2017 on the exchange currency platform, a total of $ 3.3 million was effected, in particular, $ 600 thousand were "lit" in January and February at the rate of 486.79 AMD / $ 1 and 487.08AMD / $ 1, $ 1.5 Million in March at the rate of 485.55 AMD / $ 1, and $ 600 thousand - in May at the rate of 482.80 AMD / $ 1. The central bank made transactions in the currency market in January-May 2017 only in January, selling $ 15 million at the rate of 485.84 AMD / $ 1. For the full year of 2016, the exchange currency market gave signs of life occasionally-for one operation in March-May, and the Central Bank bought dollars in April ($ 2.4 million), June ($ 50.2 million), August ($ 19.8 million), September ($ 28.8) And in October ($ 50.8 million), and sold in January ($ 53.1 million), February ($ 41.5 million), November ($ 13.1 million) and December ($ 15 million).