AMD appreciation continues

ArmInfo. The currency interbank of Armenia sharply increased its volume 3.3-fold from July 10 to July 14, after a decline of 5.5 times a week earlier. At the same time, the increased interest in euro and ruble transactions on the intra-bank foreign exchange market was accompanied by an active buying up of the dollar with the continued passiveness of dollar sales. The exchange currency market still retains "proud silence".

As a result, in the reporting week, the dram continued to strengthen to the dollar, from 479.5 to 478.5 AMD / $ 1, and to the euro from 547 to 545 AMD / 1 euro, gaining against the ruble at 8 AMD / ruble.  A year earlier, on July 14, 2016, the exchange rate of the dram to the dollar was 477 AMD / $ 1, to the euro -530.5 AMD  / 1 euro, and to the ruble - 7.6 AMD / ruble, which, in comparison with the current rates, indicates the annual devaluation of the dram to These currencies.

As the press service of the Central Bank of Armenia told ArmInfo, from 10 to 14 JulyTransactions on NASDAQ OMX Armenia currency exchange were not madeWas, and this silence lasts for the second month. At the same time, at the currencyInterbank for the reporting week was carried out transactions in the amount of $ 10.1Million at the weighted average rate of 479.43AMD  / $ 1 (against the previous 479.85).

In parallel with this, in the domestic ruble currency market, the buying of the dollar changed the trend from a 22% decline to a 23.4% increase, with a slowdown in the sales decline from 19% to 8.9%, euro buying out of the 57% decline by 5% , 9% growth with the acceleration of sales growth from 3.7% to 8.6%, the sale of rubles accelerated growth from 3.9% to 45.8% with a change in buying dynamics from 4% to 17.3% The  growth. As a result, $ 95.1 million was purchased at the average exchange rate of 478.30 dr / $ 1, 8.9 million euro at the average exchange rate of 544.41 AMD / 1EUR, and1.4 billion rubles. At an average rate of 7.89 AMD / 1RUR, and sold $ 82.1 million at an average rate of 479.79 AMD/ $ 1, 15.2 million euro at an average rate of 548.19 AMD / 1EUR, and 661.4 million rubles at the average rate of 7.99 AMD / 1RUR.

According to the source, over the previous week (from July 3 to July 8), Armenian banks issued AMD 45.1 billion drams and dollar credits for $ 45.2 million. In comparison with the previous period (June 26 to July 1), the dynamics of loans issued is as follows: AMD 29% growth of snickers to 25.1% decline, and dollar accelerated decline from 15% to 28.3%.

It should be noted that in January-May 2017, a total of $ 3.3 million was effected on the exchange currency platform, in particular, $ 600,000 was "lit" in January and February at the rate of 486.79 AMD/ $ 1 and 487.08 AMD/ $ 1, $ 1.5 million in March at the rate of 485.55 AMD / $ 1, and $ 600 thousand - in May at the rate of 482.80 AMD / $ 1. The central bank made transactions in the currency market in January-May 2017 only in January, selling $ 15 million at the rate of 485.84 AMD / $ 1. For the full year of 2016, the exchange currency market gave signs of life occasionally - one operation in March-May, and the Central Bank bought dollars in April ($ 2.4 million), June ($ 50.2 million), August ($ 19.8 million), September ($ 28.8) And in October ($ 50.8 million), and sold in January ($ 53.1 million), February ($ 41.5 million), November ($ 13.1 million) and December ($ 15 million).