ArmInfo. From December 13 to December 17, dollar transactions in the foreign exchange interbank of Armenia increased by 37.2%, after falling by 2.4% in the previous week (from December 6-10).
In addition, during the reporting week, on Wednesday, euro transactions were also made in the interbank currency market. At the same time, dollar transactions increased in the intrabank foreign exchange market during the reporting period, the multilateral dynamics of euro transactions has been maintained - against the background of sales growth, purchases fell, and in the case of transactions in rubles, the decline in purchases was accompanied by a slowdown in sales growth. The exchange currency platform has been idle for the fourth year already.
As a result, from December 13-17 2021, the dram began to revalue against the dollar - from 495 to 481.5 AMD / $ 1, and against the euro - from 557.5 to 546 AMD / 1 EUR, as well as against the ruble - from 6.8 to 6.6 AMD / 1 RUB. A year earlier, on December 17, 2020, the dram exchange rate against the dollar was 524.5 AMD / $ 1, against the euro - 640 AMD / 1EUR, and against the ruble - 7.2 AMD / 1 RUB, which, in comparison with the current exchange rates, indicates a y-o-y revaluation of the dram against the dollar, euro, and the ruble.
According to the Central Bank of the Republic of Armenia, USD transactions in the amount of $ 8.3 million at an average rate of 484.34 AMD / $ 1 (versus 486.06 AMD / $ 1 in the previous week), as well as EUR transactions in the volume of 1.2 million euros at an average rate of 541.50 AMD / 1 EUR, were carried out in the interbank currency market from December 13-17. Moreover, during the reporting week, the foreign exchange interbank, having worked daily, showed the maximum volume on Tuesday - $ 3 million.
In parallel with this, on the intrabank foreign exchange market from December 13-17 in comparison with the previous period (from December 6-10), the trend of buying and selling dollars reversed from a downward 10.8-11.4% to an upward 63.7-43.8% , the decline in euro purchases slowed down from 12.3% to 1.5%, while sales growth accelerated from 2.2% to 3%, and for ruble transactions, the reversal of the buying dynamics from 1% growth to 4.5% was accompanied by a slowdown in sales growth from 8.5% to 2.9%. As a result, $ 189.1 million was purchased during the reporting week at an average rate of 483.10 AMD / $ 1, 17.6 million euros at an average rate of 543.87 AMD / 1EUR, and 1.8 billion rubles, at an average rate of 6.53 AMD / 1RUB, and sold $ 152.98 million at an average rate of 488.08 AMD / $ 1.24.1 million at an average rate of 552.22 AMD / 1EUR, and 1.6 billion rubles, at an average rate of 6.65 AMD / 1RUB.
It should be noted that in January-September 2021 the RA Central Bank made interventions in the foreign exchange market for a total of $ 173.3 million, of which $ 156.3 million was for sale (in January - $ 46.8 million, in March - $ 34.8 million, and in April - $ 74.7 million) and $ 17 million - for purchase (in June - $ 7 million and September - $ 10 million). During this period, the selling rate from January 523.86 AMD / $ 1 increased to 530.06 AMD / $ 1 in April (versus 522.98 AMD / $ 1 in December), and the purchase rate from June 495.75 AMD / $ 1 decreased to 487.67 in AMD / $ 1 September. And in February, May, July and August, the Central Bank did not intervene in the foreign exchange market. In January-September 2021, over $ 3.6 billion, 586.2 million euros and more than 59.9 billion rubles were bought on the intrabank foreign exchange market, and $ 3.8 billion, 762.5 million euros and 44.4 billion rubles were sold, which formed the buying rate in September at the level of 485.82 AMD / $ 1, 571.09 AMD / 1 EUR and 6.66 AMD / 1 RUB, and the selling rate at the level of 489.49 AMD / $ 1, 578.84 AMD / 1 EUR and 7.05 AMD / 1 RUB, against December 518.20 AMD / $ 1 and 626.25 AMD / 1 EUR - for purchase and 521.46 AMD / $ 1 and 633.77 AMD / 1 EUR - for sale. In the interbank foreign exchange market, in January-September 2021, only dollar transactions in the amount of $ 496.7 million were carried out, which was accompanied by the revaluation of the AMD against the US dollar from December 522.61 AMD / $ 1 to September 487.54 AMD / $ 1. The exchange currency platform has been idle for the fourth year already.
