Saturday, July 29 2017 09:30

AMD keeps positions to dollar, but continues to weaken towards euro

AMD keeps positions to dollar, but continues to weaken towards euro

ArmInfo. The currency interbank of Armenia sharply increased its volume 3.7-fold from July 24 to 28, after a decline of 28.7% a week ago. At the same time, the interest in the dollar and the ruble was falling on the intra-bank foreign exchange market against the backdrop of an active buying up of the euro. Exchange market is empty for now.

As a result, in the reporting week, the dram remained at $ 479 AMD / $ 1 against the dollar, continuing to weaken against the euro from 556 to 560 AMD / 1 euro, and also adjusted to the ruble - from 8 to 8.1 AMD / rub. A year earlier, on July 28, 2016, the exchange rate of the dram to the dollar was 477.3 AMD / $ 1, to the euro - 529.5 AMD / 1evro, and to the ruble - 7.3 AMD / ruble, which in comparison with the current rates indicates an annual devaluation of AMD to these currencies.

According to Armenian Central Bank press service, currency exchange of NASDAQ OMX Armenia is already empty for the second month. At the same time, on July 24-28, operations in the currency interbank market totaled $ 26.8 million at the weighted average rate of 478.93 AMD / $ 1 (against the previous 478.72). At the same time, in the domestic forex market, the buying of the dollar accelerated the decline from 3% to 17.1% with a change in the sales trend from 21% growth to a 5.7% decline, buying up the euro accelerated growth from 3.4% to 21, 7% when the dynamics of sales changed from a 12% growth to a 2.9% decline, ruble buying changed the trend from a 22% growth to a 28.3% decline, and sales dynamics from a 28% decline came By 25.6% growth. As a result, $ 76.4 million was purchased at the average exchange rate of 477.97 AMD / $ 1, 11.2 million euro at the average rate of 554.91 AMD / 1EUR, and 1.2 billion rubles. At an average rate of 7.99 AMD / 1RUR, and sold $ 93.4 million at an average rate of 479.34 AMD / $ 1, 16.9 million euro at an average rate of 559.97 AMD / 1EUR, and 599.3 million rubles. At the average rate of 8,07 AMD / 1RUR.

According to the source, over the previous week (from July 17 to July 22), Armenian banks issued AMD 64.2 billion drams and dollar loans for $ 34 million. In comparison with the previous period (from July 10 to July 15), the dynamics of loans issued is as follows: AMD accelerated growth from 18.6% to 20%, and the dollar's trend from 70% growth to a drop to 55.8%.

TO note, in Jan-May 2017 on the exchange currency platform, a total of $ 3.3 million was effected, in particular, $ 600 thousand were "lit" in January and February at the rate of 486.79 AMD / $ 1 and 487.08AMD / $ 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-for 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).

POST A COMMENT
Input digits     


News
South Caucasus Railway improving platforms for passengers` comfortSouth Caucasus Railway improving platforms for passengers` comfort
IBRD to issue EUR 102mln to Armenia for improving medical services  quality IBRD to issue EUR 102mln to Armenia for improving medical services  quality 
State Control Service to supervise state budget execution State Control Service to supervise state budget execution 
Founder of Mantashyants business unioin critical of Armenia`s State  Revenue Committee Founder of Mantashyants business unioin critical of Armenia`s State  Revenue Committee 
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
Read more
Exchange rates
18.04.2025
RUB4.780.02
USD390.90-0.04
EUR444.610.66
GBP519.042.22
CAD282.100.71
JPY27.460.04
CNY53.53-0.02
CHF477.52-0.75