ArmInfo. From March 17 to March 21, 2025, RUB transactions were conducted daily and USD transactions were conducted four times in the Armenian interbank foreign exchange market, while euro transactions ceased to be conducted again. As a result, the weekly trend of dollar transactions reversed from 24% growth towards 21% decline. This trend was also observed in RUB transactions, which reversed from a 21.4% growth to a 3% decline. As a result, the ratio of the weekly volume of dollar transactions to ruble transactions decreased from 1.7 to 1.3 times. Additionally, in the intra-bank foreign exchange market during the reporting week (17-21.03.25 compared to 10-14.03.25) there was an increase in both buying and selling of dollars and rubles. However, in euro transactions the growth in sales accelerated while the buying trend shifted from growth to decline.
From March 17 to March 21 of this year, the AMD experienced a weakening trend against both the USD - from AMD 391.3 to AMD 392 /$1, and the EUR - from AMD 425 to AMD 426.3/1 EUR. Simultaneously, it maintained a devaluation trend against the RUB - from AMD 4.49 to AMD 4.56 /1 RUB. By comparison, on March 21, 2024, the AMD exchange rate to the USD was AMD 398 / $ 1, to the EUR - AMD 433 / 1 EUR, and to the RUB - AMD 4.27 / 1RUB. This shows the annual revaluation of the dram against the dollar and euro, while experiencing a devaluation against the ruble.
According to the Central Bank of the Republic of Armenia, the total volume of dollar transactions in the interbank foreign exchange market from March 17 to 21 this year, amounted to $ 13 million, with an average rate of AMD 392.98 / $ 1 (compared to AMD 394.05 / $ 1 the previous week). The total volume of ruble transactions amounted to 825 million rubles with an average rate of AMD 4.66 / 1 RUB (compare to AMD 4.46 / 1 RUB the previous week). Overall, the interbank foreign exchange market was active throughout the reporting week. However, it is worth noting that there were no USD transactions on Tuesday (March 18). The highest volume of USD transactions "appeared" on Wednesday (March 19) - $7.5 million, and the highest volumes of RUB transactions occurred on Tuesday and Friday (March 18 and 21) - 250 million rubles each.
From March 17 to 21 of this year, the intra-bank foreign exchange market saw a significant shift in trends, compared to the previous week (10-14.03.25). The of buying and selling dollars reversed from a decline of 4-16.5% to a growth of 15-18.1%. A similar trend was observed in ruble transactions, with buying and selling shifting from a 14.2-11.1% decline to a 33.5-111.1% growth. EUR transactions also experienced changes, with sales accelerating from 13.2% to 22% and buying reversing from a 10% growth to a 20.2% decline.
During the reporting week, over $126.2 million was purchased at an average rate of AMD 389.73 /$1, 31.99 million euros at an average rate of AMD 422.48/1EUR, and 18 billion rubles at an average rate of AMD 4.64/1RUB. Additionally, $192.9 million was sold at an average rate of AMD 393.10 /$1, 99.6 million euros at an average rate of AMD 429.78 /1EUR, and 5.5 billion rubles at an average rate of AMD 4.72 /1RUB. The largest volume of USD purchases occurred on Wednesday (March 19 - $29.8 million) with the maximum sales on Friday (March 21 - over $45.1 million), the largest volume of EUR purchases occurred on Tuesday (March 18 - 7.3 million euros) with the maximum sales on Monday (March 17 - 23.7 million euros) and the largest volume of ruble purchases was also on Monday (March 17 - 4.7 billion rubles) with the maximum sales on Thursday (March 20 - 2.1 billion rubles).
According to the Central Bank of the Republic of Armenia, in 2024, the Central Bank intervened in the foreign exchange market only in April-October in the amount of $705.5 million, and these were only purchase operations (in April for $20 million, in May for $136.5 million, in June for $100 million, in July for $110 million, in August for $132.3 million, in September for $119 million and in October for $87.7 million). Moreover, in terms of purchase operations, the dram rate weakened to October AMD 388.03 /$1 from last year's September AMD 386.60/$1, when purchase operations were last carried out in 2023, while compared to the December 2022 rate, it strengthened from AMD 393.50 /$1.
In the intra-bank foreign exchange market in 2024, $6.8 billion, 1.7 billion euros and 770.7 billion rubles were purchased, and $9.96 billion, 3.6 billion euros and 266.1 billion rubles were sold. This formed the purchase rate on the intra-bank currency market in December at the level of AMD 394.84r/$1, AMD 413.75/1 EUR and AMD 3.84/1 RUB, and the sale rate at the level of AMD 398.16 /$1, AMD 420.09/1 EUR and AMD 3.97/1 RUB, against the December 2023 AMD 402.72/$1, AMD 437.90 /1 EUR, AMD 4.43 /1 RUB - for purchase, and AMD 406.14 /$1, AMD 445.57/1 EUR, AMD 4.50/1 RUB - for sale.
In 2024, dollar transactions worth $993.4 million and ruble transactions worth 39.2 billion rubles were made in the interbank foreign exchange market, while the volume of euro transactions amounted to 47.8 million euros (no transactions with this currency were made only in June and November). This was accompanied by the strengthening of the dram on the interbank foreign exchange market both against the ruble to December's AMD 3.84/1 RUB, and against the dollar to AMD 396.1s/$1, from December 2023's AMD 4.47/1RUB and AMD 405.62/$1, respectively. In the interbank foreign exchange market, the largest volumes of dollar and euro transactions ($195.3 million and 14.4 million euros) were made in September, and ruble transactions in August (7.2 billion rubles).
The currency exchange platform, after eight years of "silence", began to operate in June 2024 and in five months (June-October) dollar transactions were carried out for a total of $14.7 million, accompanied by the strengthening of the dram from June AMD 388.90 to October AMD 387.75/$1. In November-December, the currency exchange platform was empty. RUB transactions in the Armenian foreign exchange currency market started on March 14, 2022 and from that moment until the end of the year, transactions worth 8.7 billion rubles were carried out, and another 17.5 billion rubles for the whole of 2023. This was accompanied by a weakening of the dram against the ruble on the interbank foreign exchange market in March-December 2022 from AMD 4.86 to 5.8/1 RUB, but by the end of 2023 the dram strengthened against the ruble to AMD 4.47 /1 RUB.
