Monday, June 24 2019 13:31

ArmInfo.From June 17 to 21, 2019, the volume of transactions at the currency interbank market of Armenia decreased by 21.5%, after a decline of 7% a week earlier. In parallel with this, dollar transactions intensified on the intrabank foreign exchange market, European operations changed the trend towards growth, and buying dynamics accelerated in the dynamics of ruble transactions while sales changed from decline to growth.

Exchange currency market is idle. As a result, the dram to the dollar from June 17 to June 21 inclusive compared to the previous week, continued to strengthen - from 478.3 to 477 AMD / $ 1, turning against the euro towards devaluation - from 538 to 542 AMD / 1EUR, becoming weaker against the ruble - from 7.4 to 7.6 AMD / 1 RUB. A year earlier, on June 21, 2018, the dram rate to the dollar was 482.5 AMD / $ 1, to the euro - 558 AMD/ 1 EUR, and to the ruble - 7.6 AMD / 1 RUB, which in comparison with the current rates indicates the annual revaluation of the dram to dollar and the euro, while remaining unchanged in relation to the ruble. As the Central Bank's press service told ArmInfo, from June 17 to 21, currency exchange interbank transactions totaled $ 7.3 million at a weighted average rate of 478.35 AMD / $ 1 (against 478.91 AMD/ $ 1 a week earlier).

The currency interbank, having worked during the reporting week for three days, except Wednesday and Friday, showed a maximum amount on Thursday - $ 6 million. At the same time, on the intrabank foreign exchange market, the buying and selling of the dollar remained in growth - from 26-4% up to 19.4-15.6%, the buying and selling of the euro has reversed the trend from 10.3-22% decline to 54.2- 9.9% growth, and for ruble transactions, buying has accelerated growth from 10, 6% to 16.7% with a change in sales trend from a 1.4% decline to a 5% increase. As a result, $ 117.4 million was bought at an average rate of 476.86 AMD / $ 1, 20.2 million euros at an average rate of 534.79 AMD / 1EUR, and 2.1 billion rubles at an average rate of 7.43 AMD / 1RUB, and sold $ 102.97 million at an average rate of 478.45 AMD/ $ 1, 15.5 million euros at an average rate of 538.43 AMD / 1EUR, and 650.4 million rubles at an average rate of 7.50 AMD / 1RUB. According to the source, from 10 to 15 June, Armenian banks issued AMD loans for 73.6 billion drams and dollar loans for $ 34.7 million. Compared to the previous period (from 3 to 8 June), AMD loans slowed down from 20.4% to 14.3% %, while dollar loans reversed the trend vector from 44.4% growth to 60% recession.

It should be noted that in January-April 2019, the Central Bank of the Republic of Armenia intervened in the foreign exchange market only in March ($ 5 million) and April ($ 56.650 million), in particular by buying up - a total of $ 61.650 million at a rate of 485.93 AMD / $ 1 in March and 482.85 AMD / $ 1 in April. In January-April 2019, $ 1.467 billion was bought on the intrabank foreign exchange market and 277.1 million euros, and sold $ 1.6 billion and 372.04 million euros. In January-April 2019, transactions in the amount of $ 214.2 million were made on the currency interbank market, which was accompanied by a revaluation of the dram from 486.24 AMD / $ 1 in January to 483.51 AMD / $ 1. Exchange currency market in January-April of this year continued to be empty.