Saturday, September 16 2017 10:35
Svetlana Hovsepyan

Slow devaluation of AMD to the dollar is accompanied by a strengthening towards the euro

ArmInfo. The currency interbank of Armenia increased the volume by 12.7% from September 11 to September 15, after growing by 8.7% a week earlier. In parallel, dollar and euro transactions intensified on the intra-bank foreign exchange market, accompanied by an increased interest in buying up the ruble with continued passivity of sales. The exchange currency market continues to be empty.

As a result of this, AMD versus the dollar was replaced by a mood from strengthening to devaluation - from 478 to 478.3 AMD / $ 1, while becoming stronger to the euro - from 577 to 570 AMD / 1evro, and to the ruble - from 8.4 to 8.3 AMD / 1 rub. A year earlier, on September 15, 2016, the exchange rate of the dram to the dollar was 474.8 AMD / $ 1, to the euro 533 AMD / 1 euro, and to the ruble - 7.3 AMD / ruble, which, in comparison with the current rates, indicates the annual devaluation of the dram to these currencies.

According to Armenian Central Bank press service, NASDAQ OMX Armenia exchange currency market is empty for the fourth month. At the same time, transactions in the currency interbank market between $ 11.5 and $ 15.550 million were made at the weighted average rate of 478.48 AMD / $ 1 (versus the previous 478.31). In parallel, the trend of buying up the dollar in the intra-bank foreign exchange market sharply accelerated from 0.4% to 25.7% with a change in sales sentiment from a 16.5% decline to a 31.5% increase, euro buying also rebuilt from 8.9% decline on 0.3% growth with a sharp sales outflow from the 5.6% decline to 55.1% growth, the ruble buying from the 12.2% decline was replaced by 19, 8% growth in accelerating the decline in sales from 3.3% to 4.4%. As a result, $ 87.1 million was purchased at the average exchange rate of 477.63 AMD / $ 1, 9.2 million euro at the average rate of 569.58 AMD / 1EUR, and 1.4 billion rubles. at the average rate of 8.28 AMD / 1RUR, and sold $ 101.9 million at an average rate of 478.86 AMD / $ 1, 18.3 million euros at an average rate of 573.23 AMD / 1EUR, and483.98 million rubles. at the average rate of 8.38 AMD / 1RUR.

According to the source, over the previous week (from September 4 to 9), Armenian banks issued AMD 41.1 billion and USD 22.8 million in dram loans. In comparison with the previous period (from August 28 to September 2), the dynamics of issued loans is as follows: AMD accelerated growth from 1.8% to 4.1%, and the volume of dollars sharply changed the trend from 88.4% growth to 71.9% decline.

To note, in Q1 2017 on the exchange currency platform, a total of $ 3.3 million was effected, 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 a rate of 485 , 55 AMD / $ 1, and $ 600 thousand - in May at the rate of 482.80 AMD / $ 1. During this period, there were no transactions at the exchange currency market in April and June. The Central Bank made transactions in the currency market only in January and June during the first half of 2017, in particular, in January it was fixed the sale of $ 15 million at the rate of 485.84 AMD / $ 1, and in June - the purchase of $ 11.5 million at the rate of 480.73 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).

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Exchange rates
21.02.2020
RUB7.43-0.07
USD478.35-0.02
EUR517.050.36
GBP617.790.45
CAD360.80-0.23
JPY42.82-0.14
CNY68.13-0.18
CHF487.270.48



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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000