ArmInfo. February 17-21, 2025, in Armenia's interbank foreign exchange market daily USD and two RUB transactions were effected, with no EUR transactions effected. However, despite the rare appearance of ruble transactions during the week, their total volume was only slightly lower than dollar transactions. USD transactions showed a decline from 46% to 26%, while the RUB transactions showed a growth from 64% to 67%. The total amount of USD transactions over RUB transactions narrowed even more from 3 to 1.2 times.
During the period under review against the previous period, in Armenia's intrabank foreign exchange market USD purchase and sales decreased, while EUR and RUB sales and purchase increased. As a result, from 17 to 21 February this year, the AMD began to strengthen against the USD - from AMD 396.8 to AMD 394 drams/$1, with an AMD depreciation against the EUR- AMD 416/EUR 1 to AMD 413.5 /EUR 1, and further AMD depreciation against the RUB - AMD 4.30/RUB1 to AMD 4.38 d/RUB1.
On February 21, 2024, the AMD/USD exchange rate was AMD 404.8 /$1, AMD/EUR exchange rate - AMD 437 /EUR1, and AMD/RUB exchange rate - AMD 4.36/RUB ruble, which is evidence of y/y AMD appreciation against the USD, EUR and RUB. For the period under review, the CBA reports US $10 mln transactions at an average exchange rate of AMD 395.75/$1 (against AMD 397.03/$1 the previous week), RUB 750mln transactions, at an average exchange rate of AMD 4.34/RUB 1 (against AMD 4.27/RUB 1 the previous week). During the period under review, in the interbank foreign exchange market showed activity, with only RUB transactions effected on Tuesday and Thursday. The largest volume of USD transactions was on Wednesday, (February 19), and the largest volume of RUB transactions was on Thursday (February 20)-650 mln.
On the intra-bank currency market from February 17 to 21 of this year, compared to the previous week (10- 14.02.25), there was a slowdown in dollar purchases from 14% to 2.1%, along with a reversal in the sales trend from 7% growth to a 13.4% decline. For EUR transactions, the purchase trend went from a 39% decline to a 5.2% growth with a slowdown in sales growth from 15.2% to 11.1%; and for RUB transactions, the slowdown in purchase growth from 21% to 7% was accompanied by a sales trend going from a 55% decline to a 22% growth. As a result, during the reporting week, $105.1 million was purchased at an average rate of AMD 394.15$1, 30.6 million euros at an average rate of AMD 410 /1EUR, and over 15.8 billion rubles at an average rate of AMD 4.32 drams/1RUB. Additionally,d $155.3 million was sold at an average rate of AMD 397/$1, 90.1 million euros at an average rate of AMD 417.19/1EUR, and over 3.3 billion rubles at an average rate of AMD 4.42/1RUB. The largest volume of dollar purchases occurred on Friday (February 21 - $23.3 million) with the maximum sales on Thursday (February 20 - $37.1 million), and the largest volumes of EUR and RUB purchases and sales were recorded on Monday (February 17 - 9.7-22.8 million euros and 4.2 billion-875.2 million rubles, respectively).
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 2024, in the interbank foreign exchange market, $993.4mln, RUB 39.2mln and EUR 4t.8mln transactions were effected (with no EUR transactions effected in June and Nov. 2024). This was 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 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.
