Equally active USD, RUB transactions in Armenia`s interbank foreign  exchange market Jan. 27-31, 2025 

ArmInfo. January 27 to 31, 2025, in Armenia's interbank foreign exchange market, three USD and three RUB transactions were effected, with no EUR transactions effected.  USD transactions showed an 87% decline against a 6.4-fold growth the previous week. RUB transactions showed a 23% growth as against an 3.6% decline. The total amount of USD transactions  exceeded that of RUB transactions 1.2-fold as against 12-fold the  previous period. 

Duding the period under review against the previous period (Jan  20-24, 2025), in Armenia's intrabank foreign exchange market, USD,  EUR and RUB showed a downward trend, while EUR and RUB sales showed a  growth. 

The period under review saw AMD appreciation against the USD - AMD  399/$1 to AMD 396.8/$1, with an AMD appreciation trend toward the RUB  - AMD 4.01/RUB 1 to AMD 3.98/RUB 1, and an AMD appreciation trend  toward the EUR - AMD 419.5/EUR 1 to AMD 415/EUR 1. 

On January 31, 2024, the AMD/USD exchange rate was AMD 404.5/$1,  AMD/EUR exchange rate, AMD 440/EUR 1 and AMD/RUB exchange rate, AMD  4.49/RUB 1, which is evidence of y/y AMD appreciation against the  USD, EUR and RUB. 

For the period under review, the CBA reports US $8mln transactions at  an average exchange rate of AMD 398.19/$1 (against AMD 400.22/$1 the  previous week), RUB 650mln transactions, at an average exchange rate  of AMD 4.06/RUB 1 (against AMD 3.98/RUB 1 the previous week). During  the period under review, in the interbank foreign exchange market,  USD transactions were effected on Wednesday-Friday, RUB transactions,  on Monday, Wednesday and Friday. No transactions were effected on  January 28 (day off). 

The period under review saw the largest volume of USD transactions on  Jan 30 ($6mln), and the largest volume of RUB transactions on Jan 29  and 31 (RUB 250mln each day). 

During the period under review, USD purchases totaled $86.7mln at an  average exchange rate of AMD 396.22/$1, over EUR 52.2mln at an  average exchange rate of AMD 412.1/EUR 1, and RUB 14.8bln at an  average exchange rate of AMD 4.02/RUB 1. USD sales totaled $148.9 mln  at an average exchange rate of AMD 390.66/$1, EUR sales totaled EUR  56.4mln at an average exchange rate of AMD 419.68/EUR 1, and RUB  sales RUB 6.3bln at an average exchange rate of AMD 4.1/RUB 1. 

The largest USD purchases and sales were reported on Jan. 29 (24.9mln  and $44.9mln respectively). The largest EUR purchases were recorded  on Jan 27 (EUR 26.3mln), with the largest EUR sales recorded on Jan  30 (EUR 16.5mln). The largest RUB purchases were recorded on Jan 29  (RUB 4.6bln) with the largest RUB sales recorded on Jan. 30 (RUB  2.6bln). 

Jan. 27-31, 2025, as against the previous week (Jan. 20-24, 2025) in  the intrabank foreign exchange market, USD purchases showed a 51.3%  decline against a 52.7% growth, with USD sales showing a 15.5%  decline against a 15.1% decline. EUR purchases showed a 5% decline  against a 66% growth, with EUR sales showing a 9% growth against an  8.7% decline. RUB purchases showed an 11.4% decline against a 21.4%  growth, with RUB sales showing a 45.2% growth against a 2% decline. 

In January-November, 2024, in Armenia's intrabank foreign exchange  market, purchases totaled $5.4bln, EUR 1.5bln and RUB 725.1bln, and  sales totaled $9.03bln, EUR 3.3bln and RUB 240.7bln, which formed the  following buying rates in November 2024: AMD 387.53/$1, AMD  409.52/EUR 1 and AMD 3.82/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 390.34/$1, AMD, 416.81/EUR 1, and AMD 3.85/RUB 1  against AMD 406.14/$1, AMD 445.57/EUR 1 and AMD 4.5/RUB 1 in December  2023.

In January-November, 2024, in the interbank foreign exchange market,  $918.4mln, RUB 37.2mln and EUR 46.8mln transactions were effected  (with no EUR transactions effected in June and Nov. 2024), which was  accompanied by AMD appreciation against the RUB to AMD 3.88/RUB 1,  against the USD, AMD 388.91/$1 in November, 2024, against AMD  4.47/RUB 1, AMD 405.62/$1in 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, 2024 (RUB 7.2bln). 

In January-November, 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 $87.7mln 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 an appreciation  against December 2022 (AMD 393.50/$1). 

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 last  October against AMD 389.85/$1 last June. No transactions were  effected on the foreign exchange stock market last November. 

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.