Saturday, June 2 2018 10:08
Svetlana Hovsepyan

AMD strengthen with continued activity at currency interbank market on May 29-June 1

AMD strengthen with continued activity at currency interbank market  on May 29-June 1

ArmInfo. The currency interbank  of Armenia increased its volume by 3.7% from May 29 to June 1, after  growing by 6.6% in the previous week. In parallel with this, the USD  transactions in the intra-bank foreign exchange market stayed in  decline, while the EUR and RUR transactions show mixed uptrend  dynamics. Exchange market since the beginning of the year to this day  is empty. As a result, the AMD from May 29 to June 1 stayed at 483  AMD/USD1 level, continuing the revaluation to the EUR - from 566 to  564 AMD/EUR1, becoming stronger against the RUR - from 7.9 to 7.8  AMD/RUR1. A year earlier, as of June 1, 2017, the exchange rate of  the dram to the dollar was 482AMD, to the euro - 541, and to the  ruble - 8.5, which, in comparison with the current rates, indicates  the annual devaluation of the dram to the dollar and euro, at  revaluation to the ruble.