Armenian Interbank Currency Market saw a growth in USD transactions  from January 20- 24, 2025 

ArmInfo. January 20 to January 24, 2025, in Armenia's interbank foreign exchange market USD transactions were effected daily in large volumes, while ruble transactions carried out four times, with no Euro transactions  effected.

USD transactions showed a 4.6-to 6,4 fold growth,  and the  RUB transactions showed a 3.6% decline. The total amount of USD  transactions exceeded that of RUB almost 12-fold (from 2 fold a week  earlier).  In parallel with this, on the intra-bank currency market  during the reporting week (20-24.01.25 compared to 13-17.01.25) the  growth of dollar and euro purchases accelerated with a reversal of  the sales trend towards a decline, and in ruble transactions a strong  slowdown in the growth of purchases was accompanied by a reduction in  sales.  January 20 -24, 2025  saw further AMD depreciation against   the USD-AMD 399/$1, with AMD depreciation trend toward the EUR  against AMD 414/1EUR to AMD 419.5/1EUR, and AMD appreciation against  the RUB- AMD 3.86/!RUB to AMD 4.01/1 RUB.

 On January 24, 2024, the AMD/USD exchange rate was AMD 404/$1,  AMD/EUR exchange rate - AMD 441/1EUR, and AMD/RUB exchange rate - AMD  4.56/1 RUB, which is evidence of y/y AMD appreciation against the  USD, EUR and RUB.  In particular, the interbank currency market was  active in dollar transactions throughout the week, and empty in ruble  transactions only on Friday (January 24). The maximum volumes of  dollar transactions "appeared" on Monday and Tuesday (January 20 and  21) - $20 million and $25 million, and the largest volume of ruble  transactions occurred on Monday (January 20) - 200 million rubles.

According to the Central Bank of the Republic of Armenia, on the  interbank currency market from January 20 to 24 this year, the total  volume of USD transactions amounted to $60.5 million at an average  rate of AMD 400.22/$1 (against the same AMD 400.22 /$1 a week  earlier), and the total volume of RUBtransactions amounted to 530  million rubles at an average rate of AMD 3.98/1 RUB (against AMD  3.90/1 RUB a week earlier). In particular, the interbank currency  market was active in dollar transactions throughout the week, and  empty in ruble transactions only on Friday (January 24). The maximum  volumes of dollar transactions "appeared" on Monday and Tuesday  (January 20 and 21) - $20 million and $25 million, and the largest  volume of ruble transactions occurred on Monday (January 20) - 200  million rubles.

On the intra-bank currency market from January 20 to 24 of this year  compared to the previous week (13- 17.01.25), the growth of dollar  purchases accelerated from 29.7% to 52.7% with a reversal of the  sales trend from 50.1% growth towards a 15.1% decline, which was also  observed in euro transactions - an acceleration of purchase growth  from 50% to 66% with a reversal of the sales trend from 78% growth  towards an 8.7% decline, and in ruble transactions, a slowdown in  purchase growth from 3 times to 21.4% was accompanied by a reversal  of the sales trend from a 2-fold growth towards a 2% decline. As a  result, during the reporting week, $178.1 million was purchased at an  average rate of AMD 396.57/$1, more than 54.8 million euros at an  average rate of AMD 409.53 /1EUR, and 16.7 billion rubles at an  average rate of AMD 3.93/1RUB, and $176.2 million were sold at an  average rate of AMD 400.12r/$1, 51.9 million euros at an average rate  of AMD 417.05r/1EUR, and 4.4 billion rubles at an average rate of AMD  4.06/1RUB. 

The largest volume of dollar purchases and sales occurred on Tuesday  (January 21 - $77.2 million and $43.03 million), the maximum volume  of euro purchases occurred on Wednesday (January 22 - 13.4 million  euros) with a maximum of sales on Thursday (January 23 - 11.5 million  euros), and for ruble transactions, the largest purchase volume was  recorded on Monday (January 20 - 3.8 billion rubles) with a maximum  of sales on Thursday (January 23 - 1.7 billion 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.