Saturday, November 25 2017 10:26
Svetlana Hovsepyan

Dram tended to strengthen to the dollar,  depreciating to the euro

Dram tended to strengthen to the dollar,  depreciating to the euro

ArmInfo. The currency interbank of Armenia reduced the volume by 13.2% from November 20 to 24 (after a sharp increase of 8 times a week earlier), and during the week, major deals fell on the first half.

At the same time, interest in buying and selling dollars and the same passivity were observed in the intrabank currency market for buying up the euro with increased interest in selling the European currency, and in terms of the ruble, the sales decline accelerated in parallel with what the downward trend was replaced by buying. The exchange market is empty for the sixth month.

As a result, the dram against the dollar in the reporting week continued strengthening - from 486 to 484 dr / $ 1, while becoming weaker to the euro - with 572.5 to 573 dr / 1 euro and to the ruble - from 8.1 to 8.2 dr / rub. Year of earlier, on November 24, 2016, the exchange rate of the dram to the dollar was 479 dr / $ 1, to euro - 506 dr / 1evro, and to the ruble - 7,5 dr / rub, 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, transactions in the amount of $ 19.150 million at the weighted average rate of 483.75 dr / $ 1 (against the previous 488.11) were made on the currency interbank market from November 20 to 24, with the maximum volume falling on Monday In addition, the trend of buying / selling the dollar in the intra-bank foreign exchange market has changed from a 60-24.1% increase to a 31-10% decline, with a slowdown in the decline in the buying of the euro from 81% to 44% and a change in the sales trend from a 3.4% decline to a 6.3% growth, as a result of which ruble buying changed its dynamics from a 69% growth by 11.8% decline, and the downward trend in sales accelerated from 0.8% to 23.4%. As a result, $ 79.02 million was purchased at the average exchange rate of 483.21 dr / $ 1, 8.4 million euro at the average rate of 568.63 dr / 1EUR, and 1.480 billion rubles. at the average rate of 8.14 dr / 1RUR, and sold $ 89.9 million at an average rate of 484.83 dr / $ 1, 15.3 million euro at an average rate of 571.83 dr / 1EUR, and 485.4 million rubles. at the average rate of 8.25 dr / 1RUR.

According to the source, over the previous week (from November 13 to 18), Armenian banks issued AMD 43.6 billion drams and dollar loans for $ 35.9 million. In comparison with the previous period (from November 6 to 11), the dynamics of loans issued is as follows: drams slowed down from 30% to 8%, and the dollar sharply rebuilt the trend from 64% growth to a 51.6% decline.

It should be noted that in January-September 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 dr / $ 1 and 487.08 dr / $ 1, $ 1.5 million in March at the rate of 485.55 dr / $ 1, and $ 600 thousand - in May at the rate of 482.80 dr / $ 1. During this period, there were no transactions at the exchange currency market in April, and from June to August inclusive. The central bank made transactions in the currency market only in January and September-September, in January and September, in particular, in January it was fixed the sale of $ 15 million at the rate of 485.84 dr / $ 1, and in June-September - the purchase of $ 110.6 million accompanied by a slow strengthening the rate from 480.73 to 478.49 dr / $ 1: June - $ 11.5 million, July - $ 51.5 million, August - $ 29.9 million and September - $ 17.7 million. For the entire year 2016, the exchange currency market showed signs of life occasionally - for one operation in March-May, and the Central Bank bought dollars in the foreign exchange market in April ($ 2.4 million), June ($ 50.2 million), August ($ 19.8 million), se ber ($ 28.8) and 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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