Saturday, July 8 2023 11:09

ArmInfo. July 3 to 7, 2023, USD and RUB transactions showed a decline, with no EUR transactions effected for the second week. USD and RUB transactions were effected only on Tuesday and Thursday. Specifically, USD transactions showed a 95.7% decline against a 4.1-fold growth, with RUB transactions showing a 26.7% decline against a 2.4-fold growth. As a result, the total amount of RUB transactions exceeded the total amount of USD transactions 4-fold. The previous week, USD transactions exceeding RUB 4-fold.

During the period under review against the previous period (June 26 to 30) USD, EUR and RUB purchases and sales in the intrabank foreign exchange market showed a further decline. 

July 3 to 7, saw AMD/USD exchange rate remained 385.8/$1, with further AMD appreciation against EUR (AMD 421.5/EUR 1 to 420.5/EUR 1), with further the AMD/RUB appreciation (AMD 4.3/RUB 1 to AMD 4.3/RUB 1).

On July 7, 2022, the AMD/USD exchange rate was AMD 418/$1, AMD/EUR exchange rate, AMD 427/$1 and AMD/RUB exchange rate, AMD 6.3/RUB 1, which is evidence of the AMD appreciation against the USD, EUR and RUB since.

For July 3 to 7, the Central Bank of Armenia (CBA) reports one $1 mln transaction in Armenia's interbank foreign exchange market, at an average exchange rate of AMD 387.45/$1 (against AMD 387.28/$1 the previous week), RUB 370 mln transactions at an average exchange rate of AMD 4.16/1 RUB (against AMD 4.54/1 RUB the previous week). During the period under review, in the interbank foreign exchange market, one USD transaction was effected on Tuesday (July 4) and one RUB transaction was effected on Thursday (July 6).

During the period under review against the previous week (June 26 to 30), in the intrabank foreign exchange market, USD purchases showed a 14.4% decline against a 5.5% decline, with a 19.2% decline in sales against a 7% growth. The EUR purchases showed a 12% decline against a 15% decline, with EUR sales showing a 15.6% decline against a 9.5% growth. RUB purchases showed a 9.4% decline against a 14.4% decline, with RUB sales showing a 9.4% decline against a 14.2% growth the previous week.

During the period under review, purchases totaled $111.5 mln at an average exchange rate of AMD 384.64/$1, EUR 26.1mln at an average exchange rate of AMD 416.63/EUR 1, and RUB 8.1bln at average exchange rate of AMD 4.24/RUB 1. The sales exceeded $126.8 mln at an average exchange rate of AMD 387.76/$1, EUR 43.2mln at an average exchange rate of AMD 424.01/EUR 1, and RUB 3.1bln at an average exchange rate of AMD 4.33/1RUB.

In the first quarter of 2023, the CBA made $171.3 interventions in Armenia's foreign exchange market, with $20mln purchases February, $151.3mln in March, at an exchange rate of AMD 389.54/$1 in February, AMD 388.78/$1mln in March against AMD 393.5/$1 in December, 2022.

In the first quarter of 2023, in Armenia's intrabank foreign exchange market, purchases totaled $1.7bln, EUR 435mln and over RUB 153.5mln.  The sales totaled $2.2bln, EUR 848.4mln and over RUB 69.1bln, which formed the following buying rates in March 2023: AMD 386.91/$1, AMD 413.43/EUR 1 and AMD 5.06/RUB 1 against AMD 392.89/$1, and AMD 408.27/EUR 1 and RUB 5.96/1 RUB in December 2022.  The selling rates were as follow: AMD 396.27/$1, AMD 420.16/EUR 1, and AMD 6.07/RUB 1.

In the first quarter of 2023, in the interbank foreign exchange market, $216mln, EUR 17.7mln and RUB 2.3bln transactions were effected, with an AMD appreciation against the USD, EUR and RUB to exchange rates of AMD 388.69/$1, AMD 412.54/EUR 1, AMD 5.10/RUB 1 in March 2023 against AMD 394.12/$1, AMD 413.23/EUR 1, and AMD 5.8/RUB 1 in December 2022. Weekly EUR transactions were effected in the interbank foreign exchange market, with the largest transaction recorded in January (EUR 10.7mln), and the smallest in February (EUR 2mln). 

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.