ArmInfo. April 25 to 28, 2023, on Armenia's interbank foreign exchange market, USD and RUB transactions showed a decline, with no EUR transactions effective for two weeks running. Daily USD transactions were effected, with only two RUB transactions. As a result, USD transactions showed a 56.5% decline against a 30.6% growth, with RUB transactions showing a 33.3% decline against a 13.2% growth. As a result, the total amount of USD transactions exceeded the total amount of RUB transactions 5.6-fold against 8.6-fold the previous week.
During the period under review against the previous period (April 17 to 21) USD and EUR purchases and sales in the intrabank foreign exchange market showed a decline, with RUB sales showing a slower decline, with RUB purchases showing a decline against a growth the previous week.
April 25 to 28, 2023, the AMD/USD exchange rate remained unchanged - AMD 386/$1, with AMD depreciation against EUR (AMD 424 to 425/EUR 1), and AMD depreciation against RUB, AMD 4.8/RUB 1 to AMD 4.9.
On April 28, 2022, the AMD/USD exchange rate was AMD 454/$1, AMD/EUR exchange rate, AMD 478/EUR 1 and AMD/RUB exchange rate, AMD 5.8/RUB 1, which is evidence of the AMD appreciation against the USD, EUR and RUB.
The Central Bank of Armenia (CBA) reports $13.750mln transactions in Armenia's interbank market, at an average exchange rate of AMD 387.57/$1 (against AMD 388.09/$1 the previous week), RUB 200mln transactions at an average exchange rate of AMD 4.75/1 RUB (against AMD 4.75/1 RUB the previous week).
During the period under review, the interbank foreign exchange market, with daily transactions effected, saw the largest volume of USD transactions, $9.250mln, on Friday (April 28), with the largest volume of RUB transactions, RUB 150mln, effected on Tuesday (April 25).
During the period under review, against the previous period (Apr 17 to 21, 2023), USD purchases showed a 29.3% decline against an 11.8% growth, with USD sales showing a 4.5% decline against a 1.1% growth. EUR purchases showed a 29.6% decline against a 33.3% growth, with EUR sales showing a 22% decline against a 19.1% growth. RUB sales showed a 4.7% decline against a 43.1% decline the previous week, with purchases showing a 6% decline against 9.2% growth.
During the period under review, purchases totaled $116.6mln at an average exchange rate of AMD 384.79/$1, EUR 24.6mln at an average exchange rate of AMD 421.53/EUR 1, and RUB 8.8bln at average exchange rate of AMD 4.71/RUB 1. The sales exceeded $125.1mln at an average exchange rate of AMD 387.92/$1, EUR 39.8mln at an average exchange rate of AMD 429.19/EUR 1, and RUB 2.04bln at an average exchange rate of AMD 4.79/1RUB.
In 2022, the CBA made interventions in Armenia's foreign exchange market in April, June-December by purchasing $573.8mln (with $100mln in June, 81.3mln in August, $80mln in October, $114.1mln in November and $57.9mln in December), at an exchange rate of AMD 456.16/$1 in April and AMD 393.5/$1 in December.
In 2022, in Armenia's intrabank foreign exchange market, purchases totaled $7bln, over EUR 1.4bln and RUB 259.04bln. The sales totaled $8.3bln, over EUR 2.3bln and RUB 114.4bln, which formed the following buying rates in December 2022: AMD 392.89/$1, AMD 408.27/EUR 1 and AMD 5.96/RUB 1 against AMD 482.42/$1, and AMD 544.20/EUR 1 and RUB 6.53/1 RUB in December 2021. The selling rates were as follow: AMD 396.27/$1, AMD 420.16/EUR 1, and AMD 6.07/RUB 1 against AMD 486.46/$1, AMD 552/EUR 1 and AMD 6.62 in December 2021. In 2022, in the interbank foreign exchange market, $556.6mln, EUR 28.8mln and RUB 8.7bln transactions were effected, with an AMD appreciation against the USD to an exchange rate of AMD 394.12/$1 in December 2022 against AMD 482.95/$1 in December 2021. EUR transactions were effected in March, May-December 2022, RUB transactions, in March-December, with the first RUB transactions effected on March 14, 2022. The foreign stock change has remained idle for the sixth year.
