Saturday, September 9 2017 09:49
Svetlana Hovsepyan

AMD continues to slowly strengthen against the USD, devaluing more rapidly to the EUR

AMD continues to slowly strengthen against the USD, devaluing more rapidly to the EUR

ArmInfo. The currency interbank of Armenia increased its volume by 8.7% from September 4 to 8, after a sharp increase of 3 times a week earlier. In parallel with this, a buying up of dollars was intensified on the intra-bank foreign exchange market, accompanied by a weakened interest in the sale of the American currency, against which background passivity for RUR and EUR transactions was observed. The exchange currency market continues to be empty.

As a result, the AMD against the USD continued to strengthen - from 478.5 to 478 AMD/USD1, while further weakening to the EUR - from 569 to 577 AMD/EUR1, and to the RUR - from 8.3 to 8.4 AMD/RUR1. A year earlier, on September 8, 2016, the exchange rate of the AMD to the USD was 475 AMD/USD1, to the EUR - 534, and to the RUR - 7.4, which, in comparison with the current rates, indicates the annual devaluation of the dram to these currencies.