ArmInfo. July 10 to 15, 2023, saw a manifold increase in USD transactions, with a decline in RUB transactions and no EUR transactions effected for the third week running. Almost daily USD transactions were effected, with two RUB transactions effected. No transactions were effected on Tuesday. USD transactions showed a 9.8-fold increase against a 95.7% decline, with RUB transactions showing a 59.5% decline against a 26.7% decline. As a result, the total amount of USD transactions exceeded the total amount of RUB transactions 6-fold, whereas RUB transactions exceeded USD transactions 4-fold the previous week.
During the period under review against the previous period (July 3 to 7) USD, EUR and RUB purchases and sales in the intrabank foreign exchange market showed a growth against a decline.
July 10 to 14, 2023, saw a slight AMD depreciation against the USD, AMD 385.8/$1 to AMD 386.3/$1, with AMD depreciation against EUR, AMD 420.5 to AMD 430/EUR 1 and against the RUB, AMD 4.2/RUB 1 to 4.3/RUB 1.
On July 14, 2022, the AMD/USD exchange rate was AMD 420/$1, AMD/EUR exchange rate, AMD 420/$1 and AMD/RUB exchange rate, AMD 6.7/RUB 1, which is evidence of the AMD appreciation against the USD and RUB and AMD depreciation against the EUR.
For July 10 to 14, the Central Bank of Armenia (CBA) reports four USD transactions to the total amount of $9.8 mln in Armenia's interbank foreign exchange market, at an average exchange rate of AMD 387.48/$1 (against AMD 387.45/$1 the previous week), two RUB transactions to the total amount of RUB 150mln at an average exchange rate of AMD 4.26/1 RUB (against AMD 4.16/1 RUB the previous week).
During the period under review, the interbank foreign exchange market, with transactions effected four days except for Tuesday (July 11) saw USD transactions effected, with RUB transactions, effected on July 10 and 14.
During the period under review against the previous week (July 3 to 7), in the intrabank foreign exchange market, USD purchases showed a 61.7% growth against a 14.4% decline, with USD sales showing an 8.7% growth against a 19.2% decline. The EUR purchases showed a 27.1% growth against a 12% decline, with EUR sales showing a 19.9% growth against a 15.6% decline. RUB purchases showed a 7% growth against a 9.4% decline, with RUB sales showing a 2.2% growth a 9.4% decline the previous week.
During the period under review, purchases totaled $180.2 mln at an average exchange rate of AMD 384.77/$1, EUR 33.2mln at an average exchange rate of AMD 421.70/EUR 1, and RUB 8.7bln at average exchange rate of AMD 4.23/RUB 1. The sales exceeded $137.8 mln at an average exchange rate of AMD 387.66/$1, EUR 51.8mln at an average exchange rate of AMD 429.14/EUR 1, and RUB 3.1bln at an average exchange rate of AMD 4.30/1RUB.
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.
