USD. RUB trasnactions up in Armenia`s interbank foreign exchange  market Dec 2 to 6

ArmInfo.  December 2 to 6, 2024,  in Armenia's interbank foreign exchange market, one USD and three RUB  transactions were effected, except for Wednesday and Thursday, with  no EUR transactions effected for over a month. USD transactions  showed a 53% growth against a 46.3% decline. RUB transactions showed  a 2.6-fold growth against a 60.5% decline. The total amount of RUB  transactions insignificantly exceeded that of USD transactions.

During the period under review against the previous week (Nov. 25-29,  2024), in the intrabank foreign exchange market, USD purchases showed  a significant growth, with an accelerating decline in USD sales.  EUR  and RUB purchases and sales showed a decline. 

December 2 to 6, 2024, saw further AMD depreciation against the USD  and EUR - AMD 403.5/$1 to AMD 396/$1, and AMD 425/EUR 1 to AMD  420.5/EUR 1, with AMD appreciation against the RUB - AMD 3.78/RUB 1  to AMD 3.93/RUB 1. 

On December 6, 2023, the AMD/USD exchange rate was AMD 404/$1,  AMD/EUR exchange rate, AMD 436.5/EUR 1 and AMD/RUB exchange rate, AMD  4.33/RUB 1, which is evidence of y/y AMD appreciation against the  USD, EUR and RUB. 

For the period under review, the CBA reports USD transactions on Dec.  6, RUB transactions on Dec. 2, 3 and 6, in Armenia's interbank  foreign exchange. No transactions were effected on Dec. 4 and 5. As a  result, one $5.5mln transaction was effected at an average exchange  rate of AMD 401.09/$1 (against AMD 392.39/$1 the previous week), RUB  790mln transactions, at an average exchange rate of AMD 3.8/RUB  (against AMD 3.6/RUB 1). The period under review saw the largest  volume of RUB transactions on Dec. 2 (RUB 440mln). 

December 2 to 6, 2024, against the period under review (Nov. 25 to  29, 2024), in Armenia's intrabank foreign exchange market, USD  purchases showed a 2-fold growth. EUR purchases showed a 37.5%  decline against a 107% growth, with EUR sales showing a 5.7% decline  against a 7% growth. RUB purchases showed a 23.5% decline against a  3.2% growth, and RUB sales showed a 33.5% decline against a 52.1%  growth. 

During the period under review, USD purchases totaled $236.1 mln at  an average exchange rate of AMD 398.83/$1, EUR 40.8mln at an average  exchange rate of AMD 417.45/EUR 1, and over RUB 7.8bln at an average  exchange rate of AMD 3.7/RUB 1. USD sales totaled $172.2at an average  exchange rate of AMD 403.07/$1, EUR sales totaled EUR 56.5mln at an  average exchange rate of AMD 427.03/EUR 1, and RUB sales RUB 3.8bln  at an average exchange rate of AMD 3.9/RUB 1. 

The largest USD purchases were reported on Dec. 6 ($67.7mln), with  the largest USD sales recorded on Dec. 2 ($41.3mln), The largest EUR  purchases and sales were recorded on Nov. Dec. 2 (EUR 9.9mln and EUR  16.9mln respectively). The largest RUB purchases were recorded on  Dec. 6 (RUB over 2.1bln) with the largest RUB sales recorded on Dec.  2 (over RUB 928.8bln). 

In January-September, 2024, the CBA made $617.8mln interventions in  Armenia's foreign exchange market only in April-September, with only  purchase transactions effected ($20mln in April, $136.5mln in May,  $100mln in June and $110mln in July, $132.3mln in August, and $119mln  in September). The AMD/USD exchange rate was AMD 388.15/$1 this  September against AMD 386.60/$1 last September, when purchase  translations were last effected, with greater depreciation against  December 2022 (AMD 393.50/$1). 

In January-September, 2024, in the intrabank foreign exchange market,  purchases totaled $4.8bln, EUR 1.2bln and RUB 638.7 bln, and sales  totaled $7.6bln, EUR 2.9bln and RUB 204.4bln, which formed the  following buying rates in September 2024: the AMD 385.93/$1, AMD  426.71/EUR 1 and AMD 4.24/RUB 1 against AMD 402.72/$1, and AMD  437.90/EUR 1 and RUB 4.43/1 RUB in December 2023. The selling rates  were as follow: AMD 388.55/$1, AMD, 428.79/EUR 1, and AMD 4.43/RUB 1  against AMD 406.14/$1, AMD 445.57/EUR 1 and AMD 4.5/RUB 1 in December  2023.

In January-September, 2024, on the interbank foreign exchange market,  $743.8 mln, EUR 13.2mln (with no EUR transactions effected this June)  and RUB 30.3bln transactions were effected, which was accompanied by  AMD appreciation against the RUB to AMD 4.24/RUB 1, against the USD,  AMD 387.95/$1 and against the EUR, AMD 430.87/EUR 1, this September  against AMD 4.47/RUB 1, AMD 405.62/$1 and EUR 444.30/EUR 1  respectively in December 2023. The largest volume of USD and EU  transactions ($195.3mln and EUR 14.4mln) was recorded this September,  with the largest volume RUB transactions recorded this August (RUB  7.2bln). 

RUB transactions on the interbank foreign exchange market of Armenia  started on March 14, 2022, with RUB 8.7bln transactions effected  until the end of that year, with RUB 17.5bln transactions effected in  2023. This was accompanied by AMD depreciation against the RUB in  March-December 2022 - AMD 4.86 to AMD 5.8/RUB 1, with AMD  appreciation against the RUB to AMD 4.47/RUB 1 by the end of 2023.

This June, after an 8-year-long interval, the foreign exchange stock  market resumed operation this June and saw $14.7mln transactions (in  June-October), accompanied by AMD appreciation - AMD 389.85/$1 this  October against AMD 389.85/$1 this June.