ArmInfo. December 16 to 20, 2024, in Armenia's interbank foreign exchange market, three USD and three RUB transactions were effected, with no transactions effected on Thursday and Friday. No EUR transactions have been effected for nearly two months. USD transactions showed a 90% decline against a 10-fold growth the previous week. RUB transactions showed a 4.5-fold growth as against an 87.3% decline. The total amount of USD transactions and that of RUB transactions thus proved almost equal.
During the period under review against the previous week (Dec. 9 to 13, 2024), USD purchases showed an accelerating decline, with USD sales showing an insignificant growth in the intrabank foreign exchange market, with EUR purchases showing a decline, with EUR sales showing an accelerating growth and RUB purchases and sales showing a decline against a 2-digit growth.
December 16 to 20, 2024, saw AMD depreciation against the USD - AMD 395/$1 to AMD 396/$1, AMD depreciation against the RUB - AMD 3.78/RUB 1 to AMD 3.86/RUB 1, with further AMD appreciation against the EUR - AMD 416/EUR 1 to AMD 415/EUR 1.
On December 20, 2023, the AMD/USD exchange rate was AMD 406.5/$1, AMD/EUR exchange rate, AMD 445/EUR 1 and AMD/RUB exchange rate, AMD 4.47/RUB 1, which is evidence of y/y AMD appreciation against the USD, EUR and RUB.
For the period under review, the CBA reports three USD transactions and RUB transactions (Monday- Wednesday), in Armenia's interbank foreign exchange. No transactions were effected on December 19 and 20. As a result, $5.5mln transactions were effected at an average exchange rate of AMD 396.63/$1 (against AMD 395.4/$1 the previous week), RUB 450mln transactions, at an average exchange rate of AMD 3.84/RUB 1 (against AMD 3.82/RUB 1 the previous week). The period under review saw the largest volume of USD transactions on Dec. 16 ($3mln), and the largest volume of RUB transactions on Dec. 17 (RUB 250mln).
December 16 to 20, 2024, against the previous period (Dec. 9 to 13, 2024), in Armenia's intrabank foreign exchange market, USD purchases showed a 24.5% decline against a 7.4% decline, with USD sales showing a 14.1% growth against a 15.1% growth. EUR purchases showed a 32% decline against a 48% growth, with EUR sales showing a 45% growth against a 3% growth. RUB purchases showed a 9.5% decline against an 23.4% growth, and RUB sales showed a 9.5% decline against a 64.2% growth.
During the period under review, USD purchases totaled $165mln at an average exchange rate of AMD 392.47/$1, EUR 40.9mln at an average exchange rate of AMD 409.21/EUR 1, and over RUB 8.8bln at an average exchange rate of AMD 3.79/RUB 1. USD sales totaled $226.1 mln at an average exchange rate of AMD 396.58/$1, EUR sales totaled EUR 83.9mln at an average exchange rate of AMD 417.93/EUR 1, and RUB sales RUB 5.98bln at an average exchange rate of AMD 3.92/RUB 1. The largest USD purchases were reported on December 18 ($36.6mln), with the largest USD sales recorded on December 16 ($77.6mln) The largest EUR purchases were recorded on December 16 (EUR 10.4mln), with the largest EUR sales recorded on December 19 (EUR 30.7mln). The largest RUB purchases were recorded on December 18 (RUB 2.11bln) with the largest RUB sales recorded on December 17 (RUB 2.64bln).
In January-October, 2024, the CBA made $705.5mln interventions in Armenia's foreign exchange market only in April-October, with only purchase transactions effected ($20mln in April, $136.5mln in May, $100mln in June and $110mln in July, $132.3mln in August, $119mln in September, and $97.7mln in October). In the case of purchase transactions the AMD exchange rate saw depreciation to AMD 388.03/$1 in October 2024 against AMD 386.60/$1 in September 2023, when purchase translations were last effected, with greater depreciation against December 2022 (AMD 393.50/$1).
In January-October, 2024, in the intrabank foreign exchange market, purchases totaled $5.4bln, over EUR 1.3bln and RUB 683.7bln, and sales totaled $8.2bln, EUR 3.1bln and RUB 222.1bln, which formed the following buying rates in October 2024: the AMD 385.78/$1, AMD 419.2/EUR 1 and AMD 4.00/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 388.36/$1, AMD, 425.63/EUR 1, and AMD 4.08/RUB 1 against AMD 406.14/$1, AMD 445.57/EUR 1 and AMD 4.5/RUB 1 in December 2023.
In January-October, 2024, on the interbank foreign exchange market, $883.4 mln, EUR 13.2mln, RUB 35.7bln transactions and EUR 46.8mln (with no EUR transactions effected in June 2024) were effected, which was accompanied by AMD appreciation against the RUB to AMD 4.02/RUB 1, against the USD, AMD 387.94/$1 and against the EUR, AMD 431.78/EUR 1, in October 2024, 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 in September 2024, with the largest volume RUB transactions recorded this August (RUB 7.2bln).
This June, after an 8-year-long interval, the foreign exchange stock market resumed operation and saw $14.718mln transactions (in June-October), accompanied by AMD appreciation - AMD 387.75/$1 this October against AMD 389.85/$1 this June.
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.
