AMD began to consolidate towards the euro, continuing to slowly weaken against the dollar

ArmInfo. The Armenian Interbank Currency Exchange reduced the volume almost twofold (from 59.3% a week ago) from December 4 to 8, and during the week deals were made daily, but large volumes fell on Monday, Thursday and Friday. In parallel with this, the buying and selling of dollars in the intra-bank foreign exchange market sharply intensified, with a weakened interest in the euro and the ruble. The exchange market is empty for the seventh month.

s a result, AMD against the dollar continued to slowly weaken - from 484.5 to 485.3 AMD / $ 1, tune to a strengthening against the euro - from 577.5 to 571 AMD / 1evro and to the ruble - from 8.3 to 8.1 AMD / 1 rub. A year earlier, on December 8, 2016, the exchange rate of the dram to the dollar was 482.3 AMD / $ 1, to the euro - 520 AMD / 1evro, 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.

According to the press service of Armenian Central Bank, from December 4 to 8, the volume of transactions in the currency interbank market was $ 17.7 million at the weighted average rate of 485.40 AMD / $ 1 (against the previous 484.50), with the maximum volumes on Monday, Thursday and Friday - $ 3.8 million, $ 4.8 million and $ 4.8 million. In parallel, in the intra-bank foreign exchange market, the upward trend of buying / selling the dollar accelerated from 18.2-10.1% to 46.3-40%, with a change in the dynamics of euro buying from 57% growth to 28.8 % decline and slowdown in sales growth from 20.3% to 2.2%, against which the buying of the ruble was replaced by a vector from a 27.8% growth to a 14% decline, and sales, fight abruptly walked out of a 2% decline on the 39.4% growth. As a result, $ 136.7 million was purchased at the average exchange rate of 484.09 AMD / $ 1, 9.4 million euro at the average rate of 572.06 AMD / 1EUR, and 1.6 billion rubles at the average rate of 8.18 AMD / 1RUR, and sold $ 139.1 million at an average rate of 485.10 AMD / $ 1, 18.8 million euro at an average rate of 575.65 AMD / 1EUR, and 663.1 million rubles at the average rate of 8.27 AMD / 1RUR.

According to the source, over the previous week (from November 27 to December 2), Armenian banks issued AMD 68.5 billion drams and dollar loans for $ 48.4 million. In comparison with the previous period (from November 20 to 25), the dynamics of issued loans is as follows: dram dramatically accelerated growth from 10.6% to 42%, while dollar, on the contrary, sharply slowed growth from 31.5% to 2.5%.

In Jan-Oct 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 487.08 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. During this period, there were no transactions at the exchange currency market in April, and from June to October inclusive. The central bank made transactions in the currency market only in January- October of 2017 only in January and June-September, in particular, in January it was fixed sale of $ 15 million at the rate of 485.84 AMD / $ 1, and in June-September - purchase of $ 110.6 million accompanied by a slow strengthening the rate from 480.73 to 478.49 AMD / $ 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), September ($ 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).