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
In Armenian interbank foreign exchange market, dollar transactions decreased while ruble transactions increased from July 7-11, 2025In Armenian interbank foreign exchange market, dollar transactions decreased while ruble transactions increased from July 7-11, 2025
Seven organizations from Armenia to resume flower supplies to RussiaSeven organizations from Armenia to resume flower supplies to Russia
14,757 applications submitted under bad loan program 14,757 applications submitted under bad loan program 
Idram and Alipay+ Facilitate Cross-Border QR Payments in Armenia, Opening the Caucasus to Global Digital Wallet UsersIdram and Alipay+ Facilitate Cross-Border QR Payments in Armenia, Opening the Caucasus to Global Digital Wallet Users
Solid waste management program should be implemented throughout  Armenia - Vardan Kostanyan Solid waste management program should be implemented throughout  Armenia - Vardan Kostanyan 
Rossotrudnichestvo and South Caucasus Railways sign memorandum of  cooperationRossotrudnichestvo and South Caucasus Railways sign memorandum of  cooperation
Ardshinbank Participated in Tech Week Vanadzor 2025Ardshinbank Participated in Tech Week Vanadzor 2025
Armenia, WIPO discussed ways to enhance collaborationArmenia, WIPO discussed ways to enhance collaboration
Gevorg Papoyan: Effective protection of intellectual property is  crucial for sustainable economic growthGevorg Papoyan: Effective protection of intellectual property is  crucial for sustainable economic growth
Daily regulation reservoirs in Hovnanadzor to serve 9 villagesDaily regulation reservoirs in Hovnanadzor to serve 9 villages
Armenia`s government to develop cooperation with jewelry industry Armenia`s government to develop cooperation with jewelry industry 
ADB to provide Armenia with $3mln for school reconstruction in  Voskepat village ADB to provide Armenia with $3mln for school reconstruction in  Voskepat village 
Armenia`s government to direct huge funds to information and  cybersecurity Armenia`s government to direct huge funds to information and  cybersecurity 
Armenia top ratify EAEU agreement on Permissible Weights, Axle Loads and Dimensions of VehiclesArmenia top ratify EAEU agreement on Permissible Weights, Axle Loads and Dimensions of Vehicles
EIB to provide Armenia with EUR 50mln for Armenia - Resilient Syunik programme EIB to provide Armenia with EUR 50mln for Armenia - Resilient Syunik programme 
"Business Process Optimization with AI" – a Course for the Senior Management of AraratBank
IBRD to provide Armenia with EUR 96.4mln for implementation of Tourism and Regional Infrastructure Development programIBRD to provide Armenia with EUR 96.4mln for implementation of Tourism and Regional Infrastructure Development program
Armenia`s government to direct 1.189bln to co-financing of local communities development programmes Armenia`s government to direct 1.189bln to co-financing of local communities development programmes 
ANC condemns nationalization of ENA, violation of property rights ANC condemns nationalization of ENA, violation of property rights 
EAEU countries to start testing transportation digitalization in first half of 2026EAEU countries to start testing transportation digitalization in first half of 2026
Central Bank: RA Law Central Bank: RA Law "On Crypto Assets" entered into force in Armenia on July 4, 2025
Gohar Barseghyan:  EEC consistently promotes the enhancement of industrial cooperationGohar Barseghyan:  EEC consistently promotes the enhancement of industrial cooperation
Armenia`s foreign trade sees sharp decline after neutralization of diamond and gold re-export factorArmenia`s foreign trade sees sharp decline after neutralization of diamond and gold re-export factor
Every year, Lori region loses $40 million due to untapped tourism  potentialEvery year, Lori region loses $40 million due to untapped tourism  potential
We are going round in circles: Aram Kocharyan on  current IT  situation in ArmeniaWe are going round in circles: Aram Kocharyan on  current IT  situation in Armenia
Net direct foreign investments in Armenia`s economy up Net direct foreign investments in Armenia`s economy up 
RA president signs laws nationalizing ENA CJSCRA president signs laws nationalizing ENA CJSC
Responsible innovations instead of offshores - CB Responsible innovations instead of offshores - CB 
Armenia, Uruguay to increase bilateral trade turnover Armenia, Uruguay to increase bilateral trade turnover 
Armenian vice-premier takes part in EEC Council`s meeting Armenian vice-premier takes part in EEC Council`s meeting 
Yerevan to host Black Sea Trade and Development Bank`s Annual Meeting  Yerevan to host Black Sea Trade and Development Bank`s Annual Meeting  
Solid Municipal Waste Management project launched in HrazdanSolid Municipal Waste Management project launched in Hrazdan
Armenian IT sector`s output developed as compared with other regional states - expert Armenian IT sector`s output developed as compared with other regional states - expert 
Lawyer on `legal terror` surrounding ENA Lawyer on `legal terror` surrounding ENA 
AraratBank participated in the WEPs regional experience-sharing workshopAraratBank participated in the WEPs regional experience-sharing workshop
1,507 trucks with apricots leave for Russia since beginning of summer 1,507 trucks with apricots leave for Russia since beginning of summer 
TechWeek transforms Vanadzor into an innovation hubTechWeek transforms Vanadzor into an innovation hub
In Q1 2025, unemployment rate in Armenia decreased to 13.9%In Q1 2025, unemployment rate in Armenia decreased to 13.9%
Moody`s upgrades Converse Bank`s ratingsMoody`s upgrades Converse Bank`s ratings
Armenia`s industrial sector is experiencing a significant  declineArmenia`s industrial sector is experiencing a significant  decline
Power generation in Armenia increased by 3.6% in a yearPower generation in Armenia increased by 3.6% in a year
Armenia`s State Revenue Committee proposes postponing payment of  road, environmental taxes, entry duties Armenia`s State Revenue Committee proposes postponing payment of  road, environmental taxes, entry duties 
46 trucks with Armenian brandy enter Russia 46 trucks with Armenian brandy enter Russia 
Expert: Armenia has every chance to become a key regional  hub for  innovative solutionsExpert: Armenia has every chance to become a key regional  hub for  innovative solutions
IDBank issues the 3rd, 4th and 5th tranches of bonds of 2025IDBank issues the 3rd, 4th and 5th tranches of bonds of 2025
ARMSWISSBANK Launches Mastercard World – A New Premium CardARMSWISSBANK Launches Mastercard World – A New Premium Card
Ministry of Economy: Compared to 2018, job numbers in Armenia  increased by 33.9%Ministry of Economy: Compared to 2018, job numbers in Armenia  increased by 33.9%
Illegal mining in Armenia`s Syunik causes AMD 63mln damage to public Illegal mining in Armenia`s Syunik causes AMD 63mln damage to public 
Rospotrebnadzor requested additional information from competent  authorities in Armenia regarding the reason for the ban of Eskimo ice  cream Rospotrebnadzor requested additional information from competent  authorities in Armenia regarding the reason for the ban of Eskimo ice  cream 
Pashinyan discusses steps for establishing a major AI data center in  ArmeniaPashinyan discusses steps for establishing a major AI data center in  Armenia
In June,  Armenia`s annual inflation rate increased to 3.9%  driven  by higher prices for food  and servicesIn June,  Armenia`s annual inflation rate increased to 3.9%  driven  by higher prices for food  and services
Armenian products to enter Cyprus and US markets: CIBRS announces National Warehouse program strategyArmenian products to enter Cyprus and US markets: CIBRS announces National Warehouse program strategy
European Investment Bank remains Armenia`s key partner in  infrastructure projects - MinisterEuropean Investment Bank remains Armenia`s key partner in  infrastructure projects - Minister
Armenian Parliament gives  Armenian Parliament gives  "green light" to nationalization of ENA
Armenia`s dividends from ZCMC $113mln since 2022Armenia`s dividends from ZCMC $113mln since 2022
Ardshinbank summed up the raffle organized for Mastercard Business cardholdersArdshinbank summed up the raffle organized for Mastercard Business cardholders
Armenia extends ban on export of scrap metal until Feb. 1 2026 Armenia extends ban on export of scrap metal until Feb. 1 2026 
62 trucks with Armenian brandy cross Russian border 62 trucks with Armenian brandy cross Russian border 
Armenia to fix tariff quota on individual types of goods imported  from Iran Armenia to fix tariff quota on individual types of goods imported  from Iran 
Narek Karapetyan: Almost all infrastructure companies, except for  ENA, have increased their tariffs for servicesNarek Karapetyan: Almost all infrastructure companies, except for  ENA, have increased their tariffs for services
Read more
Exchange rates
11.07.2025
RUB4.930.00
USD383.910.17
EUR448.91-1.14
GBP519.24-2.57
CAD280.37-0.31
JPY26.15-0.11
CNY53.560.07
CHF482.48-0.58