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.
