ArmInfo. December 23 to 27, 2024, in Armenia's interbank foreign exchange market, four USD and three RUB transactions were effected, with EUR transactions resumed after a 2-month interval. USD transactions showed a 31% growth against a 90% decline, with RUB transactions showing a 56% growth as against a 4.5-fold growth. The total amount of USD transactions exceeded that of RUB transactions.
During the period under review against the previous week (Dec. 16-20, 2024), USD purchases showed a growth, with USD sales showing a 2-digit growth in the intrabank foreign exchange market, with EUR purchases showing a growth, with EUR sales showing a decline and RUB purchases and sales showing a growth against a decline.
December 23 to 27, 2024, saw AMD depreciation against the USD - AMD 396/$1 to AMD 39.8$1, AMD depreciation against the RUB - AMD 3.86UB 1 to AMD 3.87RUB 1, with an AMD depreciation trend toward the EUR - AMD 415/EUR 1 to AMD 416/EUR 1.
On December 27, 2023, the AMD/USD exchange rate was AMD 406.3/$1, AMD/EUR exchange rate, AMD 445.5/EUR 1 and AMD/RUB exchange rate, AMD 4.40/RUB 1, which is evidence of y/y AMD appreciation against the USD, EUR and RUB.
During the period under review, $7.2mln transactions were effected at an average exchange rate of AMD 396.63/$1 (against AMD 397.95/$1 the previous week), RUB 700mln transactions, at an average exchange rate of AMD 3.93/RUB 1 (against AMD 3.84/RUB 1 the previous week). Only one, EUR 1mln, transaction was effected. The period under review saw the largest volume of USD transactions on Dec. 27 ($4mln), and the largest volume of RUB transactions on Dec. 26 (RUB 400mln).
December 23 to 27, 2024, against the previous period (Dec. 16 to 20, 2024), in Armenia's intrabank foreign exchange market, USD purchases showed a 12% growth against a 24.5% decline, with USD sales showing a 14.8% growth against a 14.1% growth. EUR purchases showed a 1.5% growth against a 32% decline, with EUR sales showing a 29% decline against a 45% growth. RUB purchases showed an 87% growth against a 9% decline and RUB sales, 45% growth against a 5% decline.
During the period under review, USD purchases totaled $185mln at an average exchange rate of AMD 394.05/$1, EUR 41.5mln at an average exchange rate of AMD 408.36/EUR 1, and over RUB 16.5bln at an average exchange rate of AMD 3.9/RUB 1. USD sales totaled $259.6 mln at an average exchange rate of AMD 397.82/$1, EUR sales totaled EUR 59.95mln at an average exchange rate of AMD 416.99/EUR 1, and RUB sales RUB 8.7bln at an average exchange rate of AMD 4.02/RUB 1.
The largest USD purchases were reported on December 25 ($49.5mln), with the largest USD sales recorded on December 23 ($62.7mln) The largest EUR purchases and sales were recorded on December 27 (EUR 13.3mln and 16.7mln). The largest RUB purchases were recorded on December 26 (RUB 3.8bln) with the largest RUB sales recorded on December 24 (RUB 23.7bbn).
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.
