Saturday, April 14 2018 13:24
Svetlana Hovsepyan

Currency interbank sharply turned the vector to growth, and the intra-bank market actively "got rid" of the weakening ruble

Currency interbank sharply turned the vector to growth, and the  intra-bank market actively "got rid" of the weakening ruble

ArmInfo. The currency  interbank of Armenia increased volumes by 75% from 9 to 13 April,  after a reduction of 77.4% a week earlier. In parallel, in the  domestic forex market, players were more actively selling dollars  than buying, while increasing interest in buying up the euro with a  decline in sales, while sharply activating the ruble operations. 

Exchange market since the beginning of the year to this day is empty.  As a result, the dram against the dollar on April 9-13 continued to  weaken - from 481 to 482.5 AMD/USD1, changing its mood from the euro  to the devaluation strengthening - from 591 to 595 AMD/EUR1, and  becoming stronger against the ruble - from 8.3 up to 7,8 AMD/RUR1. A  year earlier, on April 13, 2017, the exchange rate of the dram to the  dollar was 486.5 AMD/USD1, to the euro - 519 AMD/EUR1, and to the  ruble - 8.6 AMD/RUR1, which, in comparison with the current rates,  indicates the annual devaluation of the dram to euro, at revaluation  to the dollar and to the ruble.