Activity resumed in Armenia`s interbank foreign exchange market in  second week of 2025 

ArmInfo. January 13 to 17, 2025, in Armenia's interbank foreign exchange market, only one USD and two RUB transactions were effected, with no EUR transactions effected. USD transactions showed a 4.6-fold growth against a 64% decline the previous week. The total amount of USD transactions  exceeded that of RUB almost 2-fold.

During the period under review against the previous week (Jan. 7-10,  2025), USD, EUR and RUB purchases and sales showed a rowth, with RUB  transactions showing manyfold growth. 

January 13-17, 2025, saw further AMD depreciation against the USD -  AMD 398/$1 to AMD 399/$1, with an AMD depreciation trend toward the  EUR against - AMD 412.8/EUR 1 to AMD 414/RUB 1, and AMD appreciation  against the RUB - AMD 3.89/RUB 1 to AMD 3.86/RUB 1. 

On January 17, 2024, the AMD/USD exchange rate was AMD 406.3/$1,  AMD/EUR exchange rate, AMD 443/EUR 1 and AMD/RUB exchange rate, AMD  4.58/RUB 1, which is evidence of y/y AMD appreciation against the  USD, EUR and RUB. 

For the period under review, the CBA reports one USD transaction,  $9.5mln, was effected at an average exchange rate of AMD 400.22/$1  (as against AMD 398.5/$1 during the last week of Dec. 2024). RUB  550mln transactions, at an average exchange rate of AMD 3.9/RUB 1. No  transactions were effected on the interbank foreign foreign exchange  market on January 13-15. RUB transactions started on January 16, with  the only USD transaction effected on January 17. The period under  review saw the largest volume of RUB transactions on January 16(RUB  400mln).

January 13 to 17, 2025, against the previous period (Jan. 7-10,  2025), in Armenia's intrabank foreign exchange market, USD purchases  showed a 29.7% growth against a 51.3% decline, with USD sales showing  a 50.1% growth against a 46.8% decline. EUR purchases showed a 50%  growth against a 46.8% decline, with EUR sales showing a 78% growth  against a 46.6% decline. RUB purchases showed a 3-fold growth against  a 72.8% growth, and RUB sales showed a 2-fold growth against a 76.2%  growth. 

During the period under review, USD purchases totaled $116.6mln at an  average exchange rate of AMD 396.08/$1, over EUR 33.1mln at an  average exchange rate of AMD 404.7/EUR 1, and RUB 13.8bln at an  average exchange rate of AMD 3.85/RUB 1. USD sales totaled $207.5 mln  at an average exchange rate of AMD 399.78/$1, EUR sales totaled EUR  56.9mln at an average exchange rate of AMD 413.58/EUR 1, and RUB  sales over RUB 4.4bln at an average exchange rate of AMD 4.01/RUB 1. 

The largest USD purchases were reported on January 16 ($32.2mln),  with the largest USD sales recorded on January 14 ($47.2mln) The  largest EUR purchases were recorded on January 17  (EUR 9.9mln), with  the largest EUR sales recorded on January 14 (EUR 12.4mln). The  largest RUB purchases were recorded on January 13 (RUB 2.99bln) with  the largest RUB sales recorded on January 17 (RUB 1.3bln). 

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.