ArmInfo.January 7 to 10, 2025, in Armenia's foreign exchange market, only one USD transaction was effected, with no ruble or euro transactions taking place. USD transactions showed a 64% decline against a 31% growth in the last week of December 2024. During the period under review against the previous week (07-10.01.25 compared to 23-27.12.24) USD and RUB purchases and selling showed a decline, with EUR purchases showing a growth, with EUR sales showing a decline. January 7 to 10, 2025, saw AMD depreciation against the USD - AMD 396.8 to AMD 398/$1, AMD devaluation against the RUB - from AMD 3.83 to AMD 3.89 /1 ruble, with an AMD devaluation trend toward the EUR - from AMD 416 to AMD 412.8/1 EUR. On January 10, 2023, the AMD/USD exchange rate was AMD 406.3/$1, AMD/EUR exchange rate - AMD 443.5/1 EUR, and AMD/RUB - AMD 4.50/1 RUB, which is evidence of y/y AMD appreciation against the USD, EUR, and RUB. According to the Central Bank of the Republic of Armenia, $2 million transactions were effected at an average exchange rate of AMD 398.50 /$1 (against AMD 396.63/$1 the previous week).
January 7 to January 10, 2025, against the previous period (December 23-27-24), in Armenia's intrabank foreign exchange market , the trend of buying and selling dollars reversed from 12-14.8% growth towards 51.3-46.8% decline, the trend of buying and selling rubles also reversed from 87-45% growth towards 72.8- 76.2% decline. For euro transactions, the reversal of the buying trend from 1.5% growth towards 46.8% decline was accompanied by an acceleration of the decline in sales from 29% to 46.6%. As a result, during the reporting week, $89.9 million was purchased at an average rate of AMD 395.14 /$1, 22.1 million euros at an average rate of AMD 406.16/1EUR, and 4.5 billion rubles at an average rate of AMD 3.70 /1RUB, and $138.2 million were sold at an average rate of AMD 398.24 /$1, 32 million euros at an average rate of AMD 415.40r/1EUR, and 2.1 billion rubles at an average rate of AMD3.79 /1RUB.
The largest volume of dollar purchases were reported on Tuesday (January 7 - $26.6 million) with a maximum of sales on Friday (January 10 - $39.1 million), the maximum volume of euro purchases and sales occurred on Tuesday (January 7 - 7.5 million and 9 million euros), and for ruble transactions, the largest purchase volume was recorded on Friday (January 10 - 2.6 billion rubles) with a maximum of sales on Thursday (January 9 - 811.8 million rubles).
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
