Saturday, September 19 2015 19:09
Svetlana Hovsepyan

The next major interventions of the Central Bank for $22.2 million supported strengthening of dram

ArmInfo. Another major intervention of the Central Bank of Armenia in the foreign exchange market is still tuned to enhance drama. On the last day of the current week, the Central Bank made another major intervention in the foreign exchange interbank market in the amount of $ 22.2 million, which strengthened AMD against the dollar for 15-19 September at 485.5 to 482 AMD / $ 1. So, from 15 to 19 September inclusive, the volume of currency transactions at NASDAQ OMX Armenia fell by almost 16 times, yielding significantly to the volume of interbank foreign exchange, which increased by more than 5 times (including the Central Bank intervention). As a result, AMD which demonstrated devaluation in July to the dollar with 474 to 478.3 AMD / $ 1, and by August 24 reached 485.5 AMD / $ 1, slightly strengthened by the end of August to 484 AMD / $ 1 (due to large-scale intervention of the Central Bank on August 28 ), but since September, again headed for devaluation to 485.5 AMD / $ 1 by September 11, and then only under the influence of current large interventions of CBA dram tuned to enhance September 19, formed at 482 AMD / $ 1.

The press service of the Central Bank of Armenia told ArmInfo, that from September 15 to 19 inclusive the site on the foreign exchange NASDAQ OMX Armenia had transactions in the amount of $ 300 thousand., forming the average rate at the level of 480.25 AMD / $ 1. Moreover, banks were active on the stock exchange this week only on Thursday (17 September). The interbank Foreign Exchange during the reporting week showed the amount of $ 22.2 mln., forming the rate at the level of 482.22 AMD / $ 1 on average, and this is achieved due the strengthening intervention of the Central Bank. The rate of this week showed a devaluation again, and bending to a downward trend at the last day of the week, when the market came with the intervention of the Central Bank. The previous major intervention by the Central Bank took place on August 28 - $ 95 million

According to the source, on the intra-exchange market (transactions with clients) from 15 to 19 September banks bought $ 91.1 mln (weekly increase of 67%) at an average rate of 481.27 AMD / $ 1, and sold $ 86.6 million (a weekly increase of 38%) at an average rate of 482.55 AMD / $ 1. In the same period in the intra- bank foreign exchange market there was bought 12.4 mln Euro (weekly increase of 55%) at an average rate of 542.97, etc. / 1EUR, and sold 10.8 mln. Euro (weekly increase of 8%) at an average rate 547, 35 etc. / 1EUR. On the intra-exchange market in this period, the Bank has also bought 1.1 bln. Rub. (weekly increase of 31%) at an average rate of 7.16 al / 1RUR and sold 256.3 mln. rubles. (weekly increase of 0.1%) at an average rate of 7.34 al / 1RUR

During the previous week (from 7 to 13 September), the Armenian banks disbersed AMD loans for 36 billion AMD and USD loans amounted to $ 37.5 million. In comparison with the previous week (from 31 August to 6 September), the amount provided by AMD decreased by 3%, and dollar - by 7.6%.  Recall that in the last months of 2014 the foreign exchange market of Armenia there was a sharp increase in foreign exchange in excess of 570 drams per dollar. In the retail foreign exchange market Armenian dram devalued against the dollar from October to December 17 2014 inclusive by almost 45%, while for the entire 2014 - 40% (taking into account the maximum threshold of 570 AMD - December 17, and the minimum ratio of 406 drams - in July). At the stock exchange for foreign exchange transactions in 2014 made a $ 744.5 million, with a cut in the monthly volume of a stir in November ($ 117 million). During the year, the stock exchange rate jumped from 407.14 to 560 AMD / $ 1 (on December 17, and on that day the exchange rate increased by 22%). In first half of 2015 in the retail forex market, the dram has appreciated against the dollar - from 477 to 473 AMD / $ 1 on average, and against the euro - from 571.5 to 528 AMD / EUR 1, while devalued against the Russian ruble - from 8.2 to 8.6, etc. / 1ruble. However, since July, AMD outlined devaluation, the rate of which slowed in the last week of the month to form a rate on the July 31 against the dollar at the of level of 478.3 AMD / $ 1 on average against the euro and the Russian ruble - respectively 524 AMD / EUR 1, and 8 dram / 1rubl average. In August, despite the weighty intervention of the Central Bank on August 28 dram devaluation trend against the major currencies remained to form by August 31, the dollar exchange rate at 484 AMD / $ 1, and the euro - 544.3 AMD / EUR 1, against which there was the strengthening of the Russian rubles to 7.4 dram / 1rubl. In September, the dram continued uptrend, fracturing only on the revaluation of September 19, after a major intervention of the Central Bank, particularly against the US dollar exchange rate was formed at the level of 482 AMD / $ 1, the euro - 541 AMD / EUR 1, against the Russian ruble - 7.2, etc. / 1rubl on average.


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Exchange rates
04.02.2021
RUB6.900.06
USD520.600.45
EUR623.94-1.64
GBP707.08-2.66
CAD406.50-0.18
JPY49.47-0.04
CNY80.580.15
CHF576.97-1.87



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000