Saturday, October 23 2021 10:22

ArmInfo. From October 18 to October 22, 2021, the volume of dollar transactions in the foreign exchange interbank of Armenia decreased by 65.3%, after a 4-fold rise in the previous week (from October 11 to 15). At the same time, on the intra-bank foreign exchange market during this period, the trend of dollar transactions turned towards a decline, the upward dynamics of euro transactions changed to multidirectional ones, and in ruble transactions, the preservation of the downtrend in sales was accompanied by a decline in purchases. The exchange currency platform has been idle for the fourth year already.

 

As a result, the dram began to strengthen against the dollar from October 18 to 22, 2021 - from 478 to 476.5 AMD / $ 1, "frozen" against the euro at the level of 554.5 AMD / 1EUR, while continuing to weaken against the ruble - from 6.7 to 6.8 AMD / 1 RUB. A year earlier, on October 22, 2020, the dram exchange rate against the dollar was 493.5 AMD / $ 1, against the euro - 586 AMD / 1 EUR, and against the ruble - 6.4 AMD / 1 RUB, which, in comparison with the current exchange rates, indicates an annual revaluation of the dram against the dollar and the euro, with a devaluation against the ruble.

 

As the press service of the RA Central Bank told ArmInfo, transactions in the foreign exchange market from October 18 to 22 amounted to $ 7.050 million at an average rate of 477.06 AMD / $ 1 (versus 478.90 AMD / $ 1 in the previous week). Moreover, during the reporting week, the foreign exchange interbank, having worked daily, "highlighted" the maximum volume on Friday - $ 2.9 million.

 

In parallel with this, on the intrabank foreign exchange market from October 18 to October 22, as compared to the previous period (October 11-15), the trend of buying and selling dollars reversed from an upward 12.7-17.8% to a downward 13.5-103%, a slowdown in growth purchases of euros from 14.6% to 0.6% were accompanied by a change in the dynamics of sales from 50.7% growth to 28.7% decline, and for ruble transactions, an acceleration of the decline in sales from 11.1% to 18.8% accompanied by the exit of the buying trend from the 10.5% decline to 6% growth. As a result, during the reporting period, $ 120.5 million was purchased at an average rate of 475.60 AMD / $ 1, 18.2 million euros at an average rate of 550.91 AMD / 1EUR, and 1.8 billion rubles at an average rate of 6.66 AMD / 1RUB, and sold $ 113.2 million at an average rate of 478.87 AMD / $ 1, 21.6 million euros at an average rate of 556.98 AMD / 1EUR, and 1.3 billion rubles at an average rate of 6.76 AMD / 1RUB.  According to the source, from 11 to 17 October 2021. Armenian banks issued AMD loans for 53.8 billion AMD and USD loans for $ 49.9 mln. Compared to the previous period (October 4-10), growth in volume issued AMD loans accelerated from 1.1% to 17.2%, while the issued dollar loans reversed from a downward 42.2% to an upward 58.4%.

 

It should be noted that in January-August 2021, the RA Central Bank made interventions in the foreign exchange market for a total of $ 163.3 million, of which $ 156.3 million was for sale (in January, March and April) and $ 7 million for purchase (in June). During this period, the selling rate increased from 523.86 AMD / $ 1 in January to 530.06 AMD / $ 1 in April (versus 522.98 AMD / $ 1 in December), and the purchase rate was 495.75 AMD / $ 1.  Of these, $ 46.8 million was sold in January, $ 34.8 million in March and $ 74.7 million in April. And in February, May, July and August, the Central Bank did not intervene in the foreign exchange market. In the intrabank foreign exchange market, in January-August 2021, $ 3.1 billion, 508.3 million euros and 51.5 billion rubles were bought, and $ 3.3 billion, 661.4 million euros and 38.5 billion rubles were sold, which formed the buying rate in August at the level of 489.36 AMD / $ 1. 574.39 AMD / 1 EUR and 6.64 AMD / 1 RUB, and the selling rate at the level of 493.87 AMD / $ 1, 581.68 AMD / 1 euro and 6.74 AMD / 1 ruble, against December 518.20 AMD / $ 1 and 626 , 25 AMD / 1 euro - for purchase and 521.46 AMD / $ 1 and 633.77 AMD / 1 euro - for sale. In the interbank foreign exchange market, in January-August 2021, only dollar transactions in the amount of $ 518.36 million were carried out, which was accompanied by the revaluation of the AMD against the US dollar to August 494.03 AMD / $ 1 from December 522.61 AMD / $ 1. The exchange currency platform has been empty for the fourth year.