Saturday, January 20 2018 10:36

ArmInfo. The currency  interbank of Armenia from January 15 to 19 2018, compared with the  previous week fell by 44.3%. Moreover, during the week the  transactoions were made on a daily basis, but a large volume on the  currency interbank market was "lit up" on Wednesday.

In parallel, the  interest in buying up dollars and selling rubles against the  background of a decline in euro transactions, selling dollars and  buying up the ruble grew in the domestic forex market. The exchange  currency market, after a silence in 2017 for seven months, was empty  and in the first two business weeks of 2018.

As a result, AMD against USD continued to strengthen - from 483 to  481.5 AMD/USD1, accelerating the rate of devaluation to the euro -  from 582 to 590 AMD/EUR1, while ceasing to weaken to the ruble and  froze at 8.5 AMD/RUR1. A year earlier, on January 19, 2017, the  exchange rate of the dram to the dollar was 487.5 AMD/USD1, to the  euro - 519 AMD/EUR1, and to the ruble - 8.3 AMD/RUR1, which, in  comparison with the current rates, indicates the annual devaluation  of the dram to euro and ruble at revaluation to the dollar.