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.
