Saturday, February 10 2018 10:16
Svetlana Hovsepyan

AMD to the dollar is slowly devaluing, becoming stronger to the euro

AMD to the dollar is slowly devaluing, becoming stronger to the euro

ArmInfo. Foreign exchange  interbank market of Armenia from 5 to 9 February, compared with the  previous week fell by 13.1%, after falling 38.1% the previous week.  

Moreover, during the week the deals were made daily, but the maximum  volume was scored Monday and Thursday. In parallel with this on intra  players to further enhance the transaction of dollars buying up  foreign exchange market while reducing its interest in the sale,  along with which there was a decline euro operations and  multidirectional trend of ruble transactions with a sharp ascent  sale. The exchange currency market continues to be empty.

As a result, the dram against the dollar devalued from 481.5 to 483.5  AMD / $ 1, becoming stronger to the euro - from 601.5 to 593 AMD /  1evro and to the ruble - from 8.6 to 8.4 AMD / 1 ruble. A year  earlier, on February 9, 2017, the exchange rate of the dram to the  dollar was 486.8 AMD / $ 1, to the euro - 522 AMD / 1evro, and to the  ruble - 8.3 AMD / ruble, which, in comparison with the current rates,  indicates the annual devaluation of the dram to euro and ruble at  revaluation to the dollar.

According to the press service of Armenian Central Bank, on February  5-9, inclusive operations were conducted at the level of $ 5.650  million at a weighted average rate of 482.87 AMD / $ 1 (against  480.86 AMD / $ 1 a week earlier), with the maximum volumes recorded  on Monday and Thursday - $ 2 million and $ 1.7 million. In parallel,  the trend of buying up the dollar on the intra-bank foreign exchange  market accelerated growth from 11% to 21% with a change in the  dynamics of sales - from a 16.6% growth to a 34.7% decline, euro  buying and selling changed trend from 53.8-45.1% growth to the  27.5-10.2% decline, against which the ruble buying slowed the decline  from 30% to 14% with the change in sales dynamics from 17% the  decline by 48.5% growth. As a result, $ 105.3 million was purchased  at the average exchange rate of 481.43 AMD / $ 1, 8.7 million euro at  the average rate of 594.10 AMD / 1EUR, and 730.6 million rubles at an  average rate of 8.41 AMD / 1RUR, and sold $ 69.3 million at an  average rate of 482.98 AMD / $ 1, 18.5 million euro at an average  rate of 598.65 AMD / 1EUR, and 572.2 million rubles at the average  rate of 8.50 AMD / 1RUR.

According to the source, over the previous week (from January 29 to  February 3), Armenian banks issued AMD 59.4 billion in dram loans and  $ 86.9 million in dollar loans. In comparison with the previous  period (from January 22 to 27), the dynamics of issued loans  improved: AMD from 31.5 % went to 9% growth, and the dollar sharply  accelerated the climb from 1% to 53%.

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).

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Exchange rates
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RUB6.72-0.02
USD485.120.77
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CAD357.42-0.06
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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