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).