Saturday, April 24 2021 15:18
Karine Melikyan

Volume of dollar transactions on the foreign exchange interbank of  Armenia on April 19-23, 2021 grew 6.4-fold

Volume of dollar transactions on the foreign exchange interbank of  Armenia on April 19-23, 2021 grew 6.4-fold

ArmInfo.  From April 19 to April 23, 2021, the volume of dollar transactions on the foreign exchange interbank of Armenia grew 6.4-fold, after a 2.8-fold rise in the previous week (from April 12 to April 16).

At the same time, on the intrabank foreign exchange market during the reporting week, the slowdown in the growth of dollar purchases was accompanied by sales entering a  decline, the trend in Euro transactions reversed the vector from  growth to decline, and in ruble transactions, buying began to grow  when the sales trend reversed towards the decline. The exchange  currency platform has been idle for the fourth year already.

As a result of this, the dram against the dollar from April 19 to 23,  2021, continued to strengthen from 522.5 to 520.5 AMD / $ 1, becoming  weaker both against the euro - from 625 to 626.5 AMD / 1 EUR, and  against the ruble - from 6.9 to 7 AMD / 1 RUB. A year earlier, on  April 23, 2020, the AMD exchange rate against the dollar was 479 AMD  / $ 1, against the euro - 518.5 AMD / 1 EUR, and against the ruble -  6.6 AMD / 1 RUB, which, in comparison with the current exchange  rates, indicates the annual devaluation of the AMD against the  dollar, euro, and the ruble.

As the press service of the RA Central Bank told ArmInfo,  transactions in the foreign exchange market from April 19 to 23  amounted to $ 16.1 million at an average rate of 523.59 AMD / $ 1  (versus 519.45 AMD / $ 1 in the previous week). Moreover, during the  reporting week, the foreign exchange interbank, having worked  actively every day, highlighted the maximum volume on Tuesday - $ 8.3  million.

At the same time, on the intrabank foreign exchange market from April  19 to April 23, as compared to the previous period (April 12-16), the  growth in dollar purchases slowed down from 26.2% to 3.1%, while the  sales dynamics reversed from 45.2% to 46.8% decline, the trend of  euro transactions reversed from an upward 16.1-64.7% to a downward  12.5-39.3%, and on ruble transactions the purchase came out of the  1.8% decline by 45, 5% growth with a deteriorating sales trend from  22.2% growth to 8.2% decline. As a result, during the reporting  period, $ 95.8 million was purchased at an average rate of 520.23 AMD  / $ 1, 12.6 million euros at an average rate of 623.28 AMD / 1EUR,  and 1.6 billion rubles at an average rate of 6.83 AMD / 1RUB, and  sold $ 78.1 million at an average rate of 523.69 AMD / $ 1, 13.6  million euros at an average rate of 630.32 AMD / 1EUR, and 1.01  billion rubles at an average rate of 6.92 AMD / 1RUB.  According to  the source, from 12 to 18 April 2021 Armenian banks issued AMD 48  billion in AMD loans and $ 36.5 million in USD loans. Compared to the  previous period (April 5-11), the trend in the volume of issued AMD  and USD loans reversed the vector from a downward 2.7-16.9% to an  upward 20-61.5%.

To note, in January-February 2021, the RA Central Bank made  interventions in the foreign exchange market for a total of $ 46.8  million - entirely by sale and only in January, which formed the AMD  exchange rate against the US dollar at the level of 523.86 AMD / $ 1  against December 522. 98 AMD/ $ 1. And this volume fell on January.  In the intrabank foreign exchange market, in January-February 2021,  over $ 566 million, 93 million euros and 9.3 billion rubles were  purchased, and $ 643 million, 115 million euros and 7.7 billion  rubles were sold, which formed the purchase rate in February at the  level of 522.11 AMD / $1, 630.58 AMD / 1 euro and 7.02 AMD / 1 ruble,  and the selling rate is at the level of 524.36 AMD / $ 1, 636.08 AMD  / 1 euro and 7.09 AMD / 1 ruble, against December 518.20 AMD / $ 1  and AMD 626.25 / EUR 1 - for purchase and AMD 521.46 / $ 1 and AMD  633.77 / EUR 1 - for sale. In the interbank foreign exchange market,  in January-February 2021, only dollar transactions in the amount of $  88 million were carried out, which was accompanied by a slight  devaluation of the AMD against the US dollar to February 525.19 AMD /  $ 1 from December 522.61 AMD / $ 1. The exchange currency platform  has been idle for the fourth year. 

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