USD transactions down, RUB ones up in Armenia`s interbank foreign  exchange market, Feb 10-14

ArmInfo. Feb. 10-14, 2025, in Armenia's interbank foreign exchange market, four USD and three RUB transactions were effected, with no EUR transactions effected.  USD transactions showed an 46% decline against a 3-fold growth the previous week. RUB transactions showed a 64% growth as against a 58%  decline. The total amount of USD transactions exceeded that of RUB  transactions 3-fold as against 9-fold the previous period. 

Duding the period under review against the previous period (Feb 3-7,  2025), in Armenia's intrabank foreign exchange market, USD purchases  showed a decline, with a slower growth in USD sales. EUR purchases  showed an accelerating decline, with EUR sales showing a slower  growth. RUB purchases showed a growth, with RUB sales showing an  accelerating decline. 

The period under review saw an unchanged AMD/USD exchange rate - AMD  396.8/$1, with an AMD depreciation against the EUR - AMD 412.5/EUR 1  to AMD 416/EUR 1, and further AMD depreciation against the RUB - AMD  4.04/EUR 1 to AMD 4.3/EUR 1. 

On February 14, 2024, the AMD/USD exchange rate was AMD 405/$1,  AMD/EUR exchange rate, AMD 436.5/EUR 1 and AMD/RUB exchange rate, AMD  4.41/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 $13.5mln transactions  at an average exchange rate of AMD 397.03/$1 (against AMD 397.22/$1  the previous week), RUB 450mln transactions, at an average exchange  rate of AMD 4.27/RUB 1 (against AMD 4.01/RUB 1 the previous week).  During the period under review, in the interbank foreign exchange  market showed activity, with only RUB transactions effected on  Monday, USD transactions effected on Tuesday and Wednesday, and RUB  and USD transactions effected on Thursday and Friday.

The period under review saw the largest volume of USD transactions on  Feb. 12 and 14 ($5.5mln and $5mln), and the largest volume of RUB  transactions on Feb. 14 (RUB 250mln). 

Feb. 10-14, 2025, as against the previous week (Feb. 3-7, 2025) in  the intrabank foreign exchange market, USD purchases showed a 14%  decline against a 44% growth, with USD sales showing a 7% growth  against a 13% growth. EUR purchases showed a 39% decline against a 9%  decline, with EUR sales showing a 15% growth against a 25% growth.  RUB purchases showed a 21% growth against a 17% declien, with RUB  sales showing a 55% decline against a 4.2% decline. 

During the period under review, USD purchases totaled $107.4 mln at  an average exchange rate of AMD 395.14/$1, over EUR 29.1mln at an  average exchange rate of AMD 407.64/EUR 1, and RUB 14.8bln at an  average exchange rate of AMD 4.15/RUB 1. USD sales totaled $179.4 mln  at an average exchange rate of AMD 397.68/$1, EUR sales totaled EUR  81.1mln at an average exchange rate of AMD 414.52/EUR 1, and RUB  sales exceeded RUB 2.7bln at an average exchange rate of AMD 4.27/RUB  1. 

The largest USD purchases and sales were reported on Feb 14  ($25.7mln), with the largest USD sales reported on Feb 12 ($42.9mln).  The largest EUR purchases were recorded on Feb. 14 (EUR 11.2mln),  with the largest EUR sales recorded on Feb 10 (EUR 19.1mln). The  largest RUB purchases were recorded on Feb. 10 (RUB 3.4bln) with the  largest RUB sales recorded on Feb. 12 (RUB 705.8mln). 

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). 

In January-November, 2024, in the intrabank foreign exchange market,  purchases totaled $5.9bln, EUR 1.5bln and RUB 725.1bln, and sales  totaled $9.03bln, EUR 3.3bln and RUB 240.7ln, which formed the  following buying rates in Nov. 2024: the 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). 

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.