AMD continues to strengthen against USD while weakening more rapidly to EUR

ArmInfo. The currency  interbank of Armenia from January 15 to 19 2018, compared with the  previous week fell by 44.3%. Moreover, during the week the  transactoions were made on a daily basis, but a large volume on the  currency interbank market was "lit up" on Wednesday.

In parallel, the  interest in buying up dollars and selling rubles against the  background of a decline in euro transactions, selling dollars and  buying up the ruble grew in the domestic forex market. The exchange  currency market, after a silence in 2017 for seven months, was empty  and in the first two business weeks of 2018.

As a result, AMD against USD continued to strengthen - from 483 to  481.5 AMD/USD1, accelerating the rate of devaluation to the euro -  from 582 to 590 AMD/EUR1, while ceasing to weaken to the ruble and  froze at 8.5 AMD/RUR1. A year earlier, on January 19, 2017, the  exchange rate of the dram to the dollar was 487.5 AMD/USD1, to the  euro - 519 AMD/EUR1, and to the ruble - 8.3 AMD/RUR1, which, in  comparison with the current rates, indicates the annual devaluation  of the dram to euro and ruble at revaluation to the dollar.