ArmInfo. December 9 to 13, 2024, in Armenia's interbank foreign exchange market daily USD transactions and one RUB transaction were effected, with no EUR transactions effected for a month and a half. USD transactions showed a growth from 53% to a 10-fold growth, with RUB transactions showing a 87,3% decline against an 2.6% growth. As a result, dollar transactions began to dominate again, the total amount of USD transactions exceeded the total amount of RUB transactions 58-fold.
In parallel with this, in the intra-bank currency market for the reporting week (09-13.12.24 compared to 02- 06.12.24) the trend of buying up dollars turned towards a decline while sales started to grow, the trend of buying up and selling euros turned from a decline to a growth, which was also observed in ruble transactions, the trend of which also headed towards growth. December 9 to 13, 2024, saw AMD further appreciation against the USD-AMD from 396/$1 to AMD 395 /$1, against the EUR - AMD 420.5/EUR1 to AMD 416/EUR 1, with insignificant AMD appreciation against the RUB - AMD 3.93 to AMD 3.78 /RUB1. On December 13, 2023 the AMD/USD exchange rate AMD 405.5/$1, AMD 436.5 /EUR1, and AMD 4.49 /RUB1, which is evident of y/y AMD appreciation against the USD EUR and RUB.
For the period under review, the CBA reports daily USD transactions from December 9 to 13, and RUB ruble transactions on Friday (December 13) in Armenia's interbank foreign exchange market. As a result, $55.7 million were effected at an average rate of AMD 395.40/$1 (against AMD 401.09 /$1 the previous week), one RUB 100mln transactions, at an average exchange rate of AMD 3.82/1RUB (against AMD 3.80/1RUB the previous week). The period under review saw the largest volumes of USD transactions on Wednesday (December 11) - $17 million.
December 9 to 13, 2024, against the period under review (December 2-6, 24), in Armenia's interbank foreign exchange market, USD purchases showed from a 7.4% decline against a 2-fold growth, with USD sales showing a 13% decline against a 15.1% growth. EUR purchases showed a 48-3% growth against a 37.5-5.7% decline. RUB transactions showed a 23.4-64.2% growth against a 23.5-33.5% decline. As a result, USD purchases totaled $218.6 million at an average rate of AMD 392.54 /$1, EUR purchases totaled EUR 60.1 million at an average rate of AMD413.45/1EUR, and RUB purchases totaled 9.7 billion at an average exchange rate of AMD 3.84 /1RUB. USD sales totaled $198.3 million at an average rate of AMD 396.41/$1, EUR sales totaled EUR 58 million euros at an average exchange rate of AMD 420.48 dr/1EUR, and RUB sales totaled 6.3 billion at an average exchange rate of AMD 3.97 /1RUB.
The largest USD purchases were reported on Friday (December 13 - $68.2 million), with largest USD sales recorded on Monday (December 9 - $57.6 million). The largest EUR purchases were recorded on Monday (December 9 - 35.8 million euros), with the largest EUR sales recorded on Tuesday (December 10 - 20.7 million euros). The largest RUB purchases was recorded on Tuesday (December 10 - 2.4 billion rubles) with the largest RUB sales recorded on Monday (December 9 - 1.99 billion rubles).
In January -September 2024, the CBA made $617.8 million interventions in Armenia's foreign exchange market only in April-September, with only purchase transactions ($20 million in April, $136.5 million in May, $100 million in June, $110 million in July, $132.3 million in August, and $119 million in September). The AMD/USD exchange rate was AMD 388.15/$1 this September against AMD 386.60/$1 last September, when purchase transactions were last effected in 2023, with greater depreciation against December 2022 (AMD393.50 /$1).
In January-September, 2024, in the intra-bank foreign exchange market, purchases totaled $4.8 billion, EUR 1.2 billion and RUB 638.7 billion rubles, and sales totaled $7.6 billion, EUR 2.9 billion and RUB 204.4 billion, which formed the following buying rates in September 2024: AMD of 385.93/$1, AMD 426.71 dr/EUR1 and AMD 4.24/RUB 1 against AMD 388.55/$1, AMD 432.96 dr/EUR1 and AMD 4.29 /RUB 1 in December 2023 The selling rates were as follows: AMD 402.72/$1, AMD 437.90/EUR1, AMD 4.43 /RUB 1 against AMD 406.14r/$1, AMD 445.57 /EUR 1, and AMD 4.50/RUB1 in December 2023.
In January-September 2024, in the interbank foreign exchange market, $743,8 mln, EUR 43,2 mln (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 RUB transactions ($195,3mln and RUB 7.2bln) was recorded this September, with the largest volume EUR transactions recorded this January (EUR 14.4mln).
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 and saw $14,76mln transactions (in June-October), accompanied by a slight AMD appreciation - AMD 387.75/$1 this October against AMD 389.85/$1 this June.
