AMD began to weaken against the dollar, slowing rate of devaluation to the euro

ArmInfo. The currency interbank of Armenia from January 29 to February 2 this year in comparison with the previous week, it decreased only by 38.1%, after a meager decline by 0.5% a week earlier. And, during the week only on Friday, no deals were made, and on the remaining days, the maximum volume of excelled Thursday and Tuesday.

In parallel with this, on the intra- bank foreign exchange market, players activated dollar and euro transactions, reducing interest in ruble deals. The exchange currency market continues to be empty. As a result, the dram against the dollar began to weaken - from 480.5 to 481.5 AMD / $ 1, slowing the rate of devaluation to the euro - from 599.5 to 601.5 AMD / 1evro, and froze to the ruble at 8.6 AMD / 1 rub. A year earlier, on February 2, 2017, the exchange rate of the dram to the dollar was 486 AMD / $ 1, to the euro - 525 AMD / 1evro, and to the ruble - 8.1 AMD / ruble, which, in comparison with the current rates, indicates the annual devaluation of the dram to the euro and ruble at revaluation to the dollar.

According to the press service of the Armenian Central Bank, On January 29 through February 2 inclusive, transactions were made in the volume of $ 6.5 million at the weighted average rate of 480.86 AMD / $ 1 (against 480.77 AMD / $ 1 a week earlier), with the maximum volumes recorded on Thursday and Tuesday - $ 2.2 million and $ 2 million. In parallel, the trend of buying up the dollar in the intra-bank foreign exchange market was changed from a 0.6% decline in the 11% growth compared to the previous week, while accelerating sales growth from 15.8% to 16.6% , the dynamics of euro buying also changed from a 41% decline to a 53.8% growth with a sharp acceleration in sales growth from 18.3% to 45.1%, the background of which the ruble buying rebuilt from an 18% growth to a 30% decline, and the sale accelerated the decline from 1.3% to 17%. As a result, $ 87.02 million was purchased at the average rate of 480.13 AMD / $ 1, 11.9 million euro at the average exchange rate of 595.26 AMD / 1EUR, and 848.9 million rubles. at the average rate of 8.50 AMD / 1RUR, and sold $ 106.1 million at an average rate of 481.38 AMD / $ 1, 20.6 million euro at an average rate of 598.68 AMD / 1EUR, and 385.2 million rubles at the average rate of 8.61 dr / 1RUR.

According to the source, over the previous week (from January 22 to 27), Armenian banks issued AMD 54.5 billion in dram loans and $ 56.8 million in dollar loans. In comparison with the previous period (from January 15 to January 20), the dynamics of loans issued deteriorated: drams from 34.5 % growth "moved" to a 31.5% decline, while the dollar slumped from 41.7% to 1%.

In January-November 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 a 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 November inclusive. In January-November 2017, the central bank performed operations in the currency market only in January, June-September and November, buying $ 110.6 million in total and selling $ 22 million. In particular, in January 2017, the Central Bank in the foreign exchange market sold $ 15 million at the rate of 485 , 84 AMD / $ 1, followed by a four-month lull, after which in June-September a total of $ 110.6 million was purchased with a slow appreciation 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, then again a pause - this time only for a month, and then in November there was a sale $ 7 million at the rate of 485.54 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).