Sunday, March 5 2017 12:23
Svetlana Hovsepyan

Almost zero transactions were registered on NASDAQ OMX Armenia, after a small amount of transactions a week befor

Almost zero transactions were registered  on NASDAQ OMX Armenia,  after a  small amount of transactions a week befor

ArmInfo. The Armenian forex  interbank reduced  the amount of transactions February 27- March 3  versus almost 2-fold a week before. In addition, the intrabank market  shortened EUR operations, while the demand for dollars and rubles  intensified.

 Almost zero transactions were registered  on NASDAQ OMX Armenia,  after a  small amount of transactions a week befor. 

As a result, AMD slightly depreciated against USD from 486,5 to 487  /$1, and kept its positions at 8,4 AMD/1 RUR, and kept appreciating   against EUR from 516 to 513 AMD/1EUR.  Before that, in January a  depreciation of AMD to these currencies was observed, and it was  sharper to EUR than to USD and RUR .  For comparison it should be  noted that in early 2016 the AMD/USD exchange rate was 482 AMD/$1,  AMD/EUR exchange rate was 529 AMD/1EUR, and AMD/RUR exchange rate was  6.9 AMD/1RUR. In 2016 the foreign exchange market showed signs of  life rarely, making one at a time transaction between March and May:  USD100 thousand in March, USD 2.950 mln in April and USD 800 thousand  in May, after which it was passive. In Jan-Oct 2016, the Central Bank   bought USD on the foreign exchange market in April (USD2.4 mln at   478.5 AMD/$1 rate), June (USD 50.2 mln at 476.72 AMD/$1), August   ($19.8 mln at 474.25 AMD/$1), September (USD28.8mln at 474.11 AMD/$1)   and October (USD 50.8 mln at 475.47 AMD/$1), and sold in January,  February, November, and December (USD53.1 mln, USD 41.5mln, USD 13.1  mln, and USD15 mln respectively at 484.69 AMD/$1, 492.59 AMD/$1,  478.56 AMD/1USD and 483.06 AMD/1USD, respectively). 

The press office of the Central Bank of Armenia has told ArmInfo that  on Feb. 27 - March 3 the interbank forex market registered operations  worth $8.050  mln (weekly dropdown for 31%) at the average exchange  rate of 487,01 AMD/$1 (versus previous 486.96). At the same time,  simultaneously with that at the intrabank market the weekly dynamics  of USD based transactions changed the dropdown to increase, while the  activity of EUR operations sharply dropped down. 

On the intrabank market the USD purchase and sale changed the 10- 12%   dropdown  to 39,5-53% growth, RUR purchase intensed the growth  from  2% to 10,4%, while the sale changed from  38% drop to 15,5% growtn,  and  EUR sharply slowed down with its growth from  97% to 5% , while  the sale went from  24% growth to 2,4 % drop down.  

As a result, the purchase made up $ 87.3 mln at the average exchange  rate of 486,04 AMD/$1, 14.6 mln EUR at 511,54 AMD/1EUR ? 895.6 mln  RUR at 8,33 AMD/1RUR, while the sales amounted to $113.8 at 487,21  AMD/$1,  12.1 mln EUR at 515,83 AMD/1EUR and 343.8 mln RUR at 8.42  AMD/1RUR.

According to the source, during previous week (February 20-25),  Armenian banks rendered AMD based loans at total amount of AMD 53, 3  bln and USD based loans for 38,6 mln.In comparison to the previous  period (February 13-18) the AMD based loans trend improved from 7,6%  dropdown to 28,4% growth, while the USD based loans dynamics weakened  from 7,8% growth t0 12,9 % dropdown. 

To recall, in 2015, on the retail foreign exchange market of Armenia  AMD weakened against USD from 477 to 482 AMD/USD1 on average and  strengthened against EUR from 571.5 to 529 AMD/1EUR and against  Russian ruble from 8.2 to 6.9 AMD/1 RUR.  Between December 14 and 28,  the Central Bank made almost daily interventions.  AMD depreciated  amid decline of foreign trade turnover (by 20.6%), while import  dropped more significantly (by 26.5%) than export (by 3.9%) as well  as the decline in transfer inflow to Armenia more than by 30%, and  this happened in conditions of low buying capacity of the population  and low economic activity in the country. In 2016, AMD depreciated on  the retail foreign exchange market of  Armenia against USD and RUR to  484AMD/USD1 and 8 AMD/1RUR, and revaluated against EUR to 505  AMD/1EUR.  This happened amid slackening of economic activity growth  to 0.5% and decline of the net inflow of transfers (by 17.8% in  Jan-Dec 2016 versus Jan-Dec 2015). At the same time, foreign trade  turnover grew by 7.4% and deflation on the consumer market made up  1.4%.

POST A COMMENT
Input digits     


News
Armenia to support IT companies in hiring foreign specialists, new  employees and  retraining personnelArmenia to support IT companies in hiring foreign specialists, new  employees and  retraining personnel
EAEU companies  given green light for cabotage transportation in  ArmeniaEAEU companies  given green light for cabotage transportation in  Armenia
Armenia`s Cabinet of Ministers gives go-ahead for extending deadline  for individuals to file declarationsArmenia`s Cabinet of Ministers gives go-ahead for extending deadline  for individuals to file declarations
5,237,825 AMD for the “City of Heroes Rehabilitation Center”: April’s beneficiary is the “4090” Foundation5,237,825 AMD for the “City of Heroes Rehabilitation Center”: April’s beneficiary is the “4090” Foundation
AraratBank to introduce a leasing solution with up to 35% cashback opportunity at Leasing EXPO 2025AraratBank to introduce a leasing solution with up to 35% cashback opportunity at Leasing EXPO 2025
Digital identity, digital authentication, and secure transactions: the imID office is officially openedDigital identity, digital authentication, and secure transactions: the imID office is officially opened
RA Tourism Committee: Tourist flow to Armenia continues to declineRA Tourism Committee: Tourist flow to Armenia continues to decline
AraratBank and FMO Expand Cooperation with a $25 Million Loan AgreementAraratBank and FMO Expand Cooperation with a $25 Million Loan Agreement
Ardshinbank Named Best Bank in Armenia in Four Categories by Global Banking & Finance ReviewArdshinbank Named Best Bank in Armenia in Four Categories by Global Banking & Finance Review
EDB provides of $78,000 grant for System of Electronic Vehicle  Passports in ArmeniaEDB provides of $78,000 grant for System of Electronic Vehicle  Passports in Armenia
Upper Lars checkpoint closed for transport Upper Lars checkpoint closed for transport 
Conversbank starts primary placement of $10mln coupon bonds Conversbank starts primary placement of $10mln coupon bonds 
SCR investment program for 2025 to exceed 2 bln dramsSCR investment program for 2025 to exceed 2 bln drams
Achilles` heel of  Armenia`s tax systemAchilles` heel of  Armenia`s tax system
Armenian authorities willing to improve concession agreement with  America AirportsArmenian authorities willing to improve concession agreement with  America Airports
RA NA to hold special meeting RA NA to hold special meeting 
IDBank Joined the Banking Association for Central and Eastern Europe (BACEE): Official Membership Agreement Signed in BudapestIDBank Joined the Banking Association for Central and Eastern Europe (BACEE): Official Membership Agreement Signed in Budapest
Armenia, Russia discuss expansion of cooperation in information  system integration Armenia, Russia discuss expansion of cooperation in information  system integration 
Converse Bank placed Vardanants Medical Center`s debut bonds  ahead  of schedule Converse Bank placed Vardanants Medical Center`s debut bonds  ahead  of schedule 
USA cancels funding for USA cancels funding for "Advancing Democratic Culture" program in  Armenia 
Digital CEPA implementation system to be launched in ArmeniaDigital CEPA implementation system to be launched in Armenia
AraratBank: Business Financing with up to 35% Cashback OpportunityAraratBank: Business Financing with up to 35% Cashback Opportunity
Armenian, Iranian customs officials discuss border procedures for  Agarak checkpointArmenian, Iranian customs officials discuss border procedures for  Agarak checkpoint
The Power of One Dram is the general partner of DigiCode 2025The Power of One Dram is the general partner of DigiCode 2025
ZCMC paid more taxes under current government - Armenia`s premier ZCMC paid more taxes under current government - Armenia`s premier 
Armenia`s pension fund $500mln up under current government - premier Armenia`s pension fund $500mln up under current government - premier 
Upper Lars checkpoint closed for transport Upper Lars checkpoint closed for transport 
CBA Deputy Head: Those guilty of online loan fraud will be severely  punishedCBA Deputy Head: Those guilty of online loan fraud will be severely  punished
In Armenia`s insurance market, loss ratio for OSAGO decreased to 79%  by AprilIn Armenia`s insurance market, loss ratio for OSAGO decreased to 79%  by April
Armenia introduces <financial hygiene> mechanism in  crypto sphere -  CB Deputy Head  presents rules for circulation of cryptocurrencies  Armenia introduces mechanism in  crypto sphere -  CB Deputy Head  presents rules for circulation of cryptocurrencies  
Developer causes $1.6mln damage to state budgtet Developer causes $1.6mln damage to state budgtet 
Armenia takes part in world exhibition in Japan Armenia takes part in world exhibition in Japan 
Armenia-EU cooperation beneficial, but not at EAEU`s expense - Samvel  Karapetyan Armenia-EU cooperation beneficial, but not at EAEU`s expense - Samvel  Karapetyan 
Armenia has to make choice - Mikhail Galuzin Armenia has to make choice - Mikhail Galuzin 
The Crowdfunding Formula sets precedent for companies combining  innovation and global thinking with its bond launch - message to  entire ecosystemThe Crowdfunding Formula sets precedent for companies combining  innovation and global thinking with its bond launch - message to  entire ecosystem
Head of RA Revenue Committee holds talks with ADB, AFD reps Head of RA Revenue Committee holds talks with ADB, AFD reps 
USD transactions up in Armenia`s interbank foreign exchange market  Apr 7 to 11, 2025 USD transactions up in Armenia`s interbank foreign exchange market  Apr 7 to 11, 2025 
Eduard Hakobyan, representatives of  Eduard Hakobyan, representatives of  "Association of Oil Product Importers of the Republic of Armenia" discuss sector`s challenges
AraratBank Employees Communicated with the Power of the Intercessory Gospel of ShurishkanAraratBank Employees Communicated with the Power of the Intercessory Gospel of Shurishkan
IBRD to provide 102 million euro  loan to Armenia for healthcare reformsIBRD to provide 102 million euro  loan to Armenia for healthcare reforms
Armenian, Italian travel agencies to collaborateArmenian, Italian travel agencies to collaborate
Stepantsminda-Lars highway closed for heavy-duty vehiclesStepantsminda-Lars highway closed for heavy-duty vehicles
Armenia`s finance minister, head of IMF mission in Armenia discuss  IMF-sponsored reserve programme Armenia`s finance minister, head of IMF mission in Armenia discuss  IMF-sponsored reserve programme 
Yerevan to host event with participation of Armenian, UAE businessmen  next autumnYerevan to host event with participation of Armenian, UAE businessmen  next autumn
Refrigeration logistics center to be established in Armenia`s Tavush Refrigeration logistics center to be established in Armenia`s Tavush 
Uzbekistan joins EDB as 7th member stateUzbekistan joins EDB as 7th member state
RA Finance Minister, IMF Managing Director discuss country`s  macroeconomic situation RA Finance Minister, IMF Managing Director discuss country`s macroeconomic situation
New Aznavour and Nvidia supercomputers in Armenia to be fully  operational by the end of 2025New Aznavour and Nvidia supercomputers in Armenia to be fully  operational by the end of 2025
Belgospischeprom delegation visits Armenia Belgospischeprom delegation visits Armenia 
Armenia to join EAEU agreement on cooperation in R&D-related services Armenia to join EAEU agreement on cooperation in R&D-related services 
Azimuth airlines to carry out more Yerevan-Min Vody-Yerevan flights Azimuth airlines to carry out more Yerevan-Min Vody-Yerevan flights 
Head of RA State Revenue Committee, Head of IMF office in Armenia  discuss access of tax authorities to bank information Head of RA State Revenue Committee, Head of IMF office in Armenia  discuss access of tax authorities to bank information 
U.S. president announces 90-day pause on tariffs for 75 countriesU.S. president announces 90-day pause on tariffs for 75 countries
Don Lambert: Don Lambert: "Crossroads of Peace" is to Armenia what the European Coal and Steel Community is to EU
ADB to focus on housing construction program for Artsakh forcibly displaced persons in Armenia in 2025ADB to focus on housing construction program for Artsakh forcibly displaced persons in Armenia in 2025
ADB forecasts slower economic growth in Armenia: 5% in 2025 and 4.7% in 2026ADB forecasts slower economic growth in Armenia: 5% in 2025 and 4.7% in 2026
Armenia, UAE discuss potential for enhancing mutually beneficial cooperation in various areasArmenia, UAE discuss potential for enhancing mutually beneficial cooperation in various areas
MyAmeria Star - Ameriabank presents a bank card and app for kids and teensMyAmeria Star - Ameriabank presents a bank card and app for kids and teens
Armenia interested in signing intergovernmental agreement on  cooperation in diamond industry with Congo Armenia interested in signing intergovernmental agreement on  cooperation in diamond industry with Congo 
Read more
Exchange rates
17.04.2025
RUB4.760.02
USD390.94-0.33
EUR443.95-0.53
GBP516.82-2.08
CAD281.390.16
JPY27.420.01
CNY53.55-0.01
CHF478.27-0.17