Saturday, March 18 2017 09:56
Svetlana Hovsepyan

AMD strengths against USD and weakens against EUR

AMD strengths against USD and weakens against EUR

ArmInfo. The currency  interbank of Armenia increased volume sharply for three times, from  March 13 to March 17, after a decline by 38% a week earlier. In  parallel with this, on the intrabank market, after passivity in the  previous week, the current active phase included both USD and RUR  transactions, as well as EUR transactions.

Against this background,  the exchange currency market, which showed itself a small volume the  week before, again took a timeout. As a result, AMD for the reporting  week continued to strengthen to the USD, this time from 486 to 484  AMD/USD1, in parallel with this, changing the mood to the RUR from  strengthening to devaluation from 8.2 to 8.4 AMD/RUR1, Further  weakening to the EUR from 515 to 521 AMD/EUR1. A year earlier, in the  first 17 days of March 2016, AMD strengthened to the USD from 491 to  487 AMD/USD1, but devalued to EUR from 540 to 548 AMD/EUR1 and RUR  from 6.6 to 7.2 AMD/RUR1. Comparison with current rates indicates the  annual strengthening of the AMD to the USD and the EUR, with  devaluation to RUR. For the full year of 2016, the exchange currency  market gave signs of life occasionally for one operation in  March-May: $ 100 thousand in March, $ 2.950 million in April and $  800,000 in May, followed by a lull. The Central Bank bought USD in  April in the foreign exchange market ($ 2.4 million at the rate of  478.5 AMD/USD1), June ($ 50.2 million at the rate of 476.72  AMD/USD1), August ($ 19.8 million at the rate of 474.25 AMD/USD1),  September ($ 28.8 million at the rate of 474.11 AMD/USD1) and October  ($ 50.8 million at the rate of 475.47 AMD/USD1), and sold in January  ($ 53.1 million at the rate of 484.69 AMD/USD1), February ($ 41.5  Million at the rate of 492.59 AMD/USD1), November ($ 13.1 million at  the rate of 478.56 AMD/USD1) and December ($ 15 million at the rate  of 483.06 AMD/USD1).

As the press service of the Central Bank of Armenia told ArmInfo, on  March 13-17, transactions in the amount of $ 14.889 million (weekly  growth by 3 times) at the average rate of 483.66 AMD/USD1 (against  the previous 486.27) were conducted at the currency interbank market.  The maximum volume on the foreign currency interbank market "lit up"  on Wednesday - $ 10.039, followed by "extinction" on Thursday to $  2.750 million and on Friday to $ 1.350 million. In parallel, in the  intra-bank market, the weekly dynamics of buying/selling currencies  sharply changed the vector from a decline to growth. So, for the  reporting week, the volume of buy/sale of USD from the 28.7-39%  decline fell by 45-29.6% growth, the EUR - from 100-26.7% decline to  116-29.5 % growth, the RUR - from 20.7-14.8% decline to 19.3-5.4%  growth. As a result, $ 89.9 million was purchased at the average  exchange rate of 483.89 AMD/USD1, 15.96 million EUR at the average  rate of 513.98 AMD/EUR1 and 847.4 million RUR. At an average rate of  8.19 AMD/RUR1, and sold $ 91.4 million at an average rate of 485.34  AMD/RUR1, 11.4 million EUR at an average rate of 518.22 AMD/EUR1 and  416.4 million RUR at the average rate of 8.30 AMD/RUR1.

According to the source, over the previous week (March 6-11),  Armenian banks issued AMD 37.3 billion and USD loans for $ 53.9  million. Compared to the previous period (February 27 to March 4),  the decline in AMD credits was continued, but with a slowdown rates  from 18% to 14.6%, at the same time, the issuance of USD loans  dropped sharply by 38.9%, after growing two-fold a week earlier. 


News
Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperationEducation is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation
"Texas Production" knitting company received tax incentive from  Government within framework of investment program in amount of about  1 billion drams 
Armenian government satisfied application of Armenian government satisfied application of "GINAP" LLC for  exemption from import customs duties on imported technological  equipment
Governor: Sotk mine will be exploited again when safety issues are  resolved  Governor: Sotk mine will be exploited again when safety issues are  resolved  
 About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia. About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia.
Converse Bank has completed the placement of corporate bondsConverse Bank has completed the placement of corporate bonds
Armenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk regionArmenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk region
Fundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completedFundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completed
TOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the yearTOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the year
Managing Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunitiesManaging Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunities
In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth 
Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021
Delegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fieldsDelegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fields
ANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in ArmeniaANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in Armenia
French experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in ArmeniaFrench experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in Armenia
In H1 2021, ARMENAL plant produced 16.9 thousand tons of productsIn H1 2021, ARMENAL plant produced 16.9 thousand tons of products
 ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia
Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021
Armenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annumArmenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annum
Growth of economic activity accelerates in ArmeniaGrowth of economic activity accelerates in Armenia
Armenia intends to expand cooperation with leadership of Iran`s  Social Security Investment CompanyArmenia intends to expand cooperation with leadership of Iran`s  Social Security Investment Company
Clarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayerClarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayer
1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 
US State Department Investment Review: The financial sector in  Armenia is not highly developedUS State Department Investment Review: The financial sector in  Armenia is not highly developed
Government of Armenia discussed agricultural programs implemented  with support of stateGovernment of Armenia discussed agricultural programs implemented  with support of state
Updated RA Law Updated RA Law "On Combating Money Laundering and Financing of  Terrorism" will enter into force on July 26
Armenian Regulator excludes cartel agreement in liquefied gas marketArmenian Regulator excludes cartel agreement in liquefied gas market
Tax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMDTax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMD
Armenian Ambassador to the Czech Republic held talks with the  leadership of Armenian Ambassador to the Czech Republic held talks with the  leadership of "CzechInvest"
Agricultural land sales remain high in the regions of ArmeniaAgricultural land sales remain high in the regions of Armenia
Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation 
Resident of FEZ Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering
The trend of monthly growth in apartment prices in Yerevan continuesThe trend of monthly growth in apartment prices in Yerevan continues
It was a joke: Armenian Minister of Economy on his call to It was a joke: Armenian Minister of Economy on his call to "detain"  labor migrants
Armenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 kmArmenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 km
Armenian authorities will fight against tax Armenian authorities will fight against tax "parasites"
Issues of implementation of a number of investment programs discussed  in the Armenian governmentIssues of implementation of a number of investment programs discussed  in the Armenian government
Best specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPPBest specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPP
Armenia will explore space with Russian partnersArmenia will explore space with Russian partners
Vahan Kerobyan: Armenia`s labor market has set a new recordVahan Kerobyan: Armenia`s labor market has set a new record
Papikyan announces investments in Gyumri in amount of about $ 8.5  millionPapikyan announces investments in Gyumri in amount of about $ 8.5  million
As part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economyAs part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economy
EEC supported  draft roadmap for formation of common market for  organic agricultural productsEEC supported  draft roadmap for formation of common market for  organic agricultural products
For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%
SRC of Armenia reports on the next record in the number of jobsSRC of Armenia reports on the next record in the number of jobs
Electronic system of Electronic system of "single window" in the field of foreign trade  will be launched by the end of 2021
Deputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperationDeputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperation
Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the "European sky"
Life on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 millionLife on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 million
Armenia considers possibility of canceling excise tax for winemakersArmenia considers possibility of canceling excise tax for winemakers
Armenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpointArmenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpoint
Government together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of ArmeniaGovernment together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of Armenia
Nikol Pashinyan visited Nikol Pashinyan visited "Saranist" glass production company and got  acquainted with activities of new brandy factory
The next vector of ANIF activities is to provide support to water and  waste management systemsThe next vector of ANIF activities is to provide support to water and  waste management systems
With formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may ariseWith formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may arise
Ameriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in ArmeniaAmeriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in Armenia
The largest aviation concern in Europe - Lufthansa enters the  Armenian marketThe largest aviation concern in Europe - Lufthansa enters the  Armenian market
National air carrier to be established in Armenia within the  framework of the agreement with Air ArabiaNational air carrier to be established in Armenia within the  framework of the agreement with Air Arabia
Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%
EU to allocate 600 million euros for the construction of the southern  section of the North-South highwayEU to allocate 600 million euros for the construction of the southern  section of the North-South highway
Read more


Exchange rates
30.07.2021
RUB6.660.10
USD486.243.92
EUR578.338.32
GBP679.239.96
CAD390.846.89
JPY44.380.52
CNY75.270.99
CHF537.169.63