AMD converted to strengthening

ArmInfo. The currency interbank  of Armenia sharply reduced the volume for 5.5-fold from July 3 to 7,  after growing 2.6-fold a week earlier. At the same time, interest in  USD transactions on the intrabank currency market, against which the  sale of the EUR and the RUR intensified with a minus trend of buying  up these currencies, became more active. The exchange currency market  still retains "proud silence".

As a result, in the reporting week, the AMD against the USD replaced  from devaluation to strengthening - from 481 to 479.5 AMD/USD1, also  restructuring and to the RUR - from 8.1 to 8 AMD/USD1, and to EUR  from 550 to 547 AMD/EUR1. A year earlier, on July 7, 2016, the  exchange rate of the AMD to the USD was 477.3 AMD/USD1, to the EUR  -530 AMD/EUR1, and to the RUR - 7.5 AMD/RUR1, which, in comparison  with the current rates, indicates the annual devaluation of the AMD  to these currencies.