Only RUB transactions in Armenia`s interbank foreign exchange market  Apr 21 to 25

ArmInfo. The Armenian Interbank Currency Exchange worked only twice from 21 to 25 April 2025 and only for ruble transactions. No dollar transactions were carried out  during this period, and euro transactions have not been carried out for a month and a half. As a result, the weekly trend of ruble transactions reversed from a significant 2.1-fold growth towards a 55% decline.

At the same time, in the intra-bank currency market during the  reporting week (21-25.04.25 compared to 14-18.04.25), the purchase and sale of dollars went into decline, which was also observed in the purchase of euros and rubles, the trend of which also reversed from growth towards decline, while the trend of sales of euros and rubles, on the contrary, went from decline to growth.

As a result, from April 21 to April 25 this year, the dram continued to strengthen against the dollar - from 390 to 389.3 drams / $ 1, while setting itself up for revaluation both against the euro - from 444 to 441 drams / 1 euro, and against the ruble - from 4.71 to 4.64 drams / 1 ruble. A year earlier, on April 25, 2024, the dram exchange rate to the dollar was 388.5 drams / $ 1, to the euro - 417.5 drams / 1 euro, and to the ruble - 4.16 drams / 1 ruble, which, compared to the current rates, indicates an annual devaluation of the dram against the dollar, the euro and the ruble.

According to the Central Bank of the Republic of Armenia, on the interbank currency market from April 21 to 25 this year, the total volume of ruble transactions amounted to 450 million rubles with an average rate of 4.69 dr/1RUB (versus 4.73 dr/1RUB the week before). In particular, the interbank currency market worked only two days during the reporting week - Wednesday and Friday (April 23 and 25), when only ruble transactions were made. The maximum volume of ruble  transactions again occurred on Friday (April 25) - 300 million  rubles.

On the intra-bank currency market from April 21 to 25 of this year, in comparison with the previous week (14-18.04.25), the trend of buying and selling dollars reversed from 44-13% growth towards 24-8% decline, for euro and ruble transactions the trend of buying also reversed from 22-48% growth towards 22.7-13.3% decline with the trend of selling euro and ruble exiting from 18.8-24.1% decline to 20-91% growth. As a result, during the reporting week $124.2 million was purchased at an average rate of 388.58 dr/$1, over 29.1 million euros  at an average rate of 440.66 dr/1EUR, and over 14.7 billion rubles. at an average rate of 4.76 dr/1RUB, and $203.5 million were sold at an average rate of 391.50 dr/$1, 56.8 million euros at an average rate of 449.91 dr/1EUR, and 4.62 billion rubles at an average rate of 4.85 dr/1RUB. The largest volumes of dollar purchases and sales were recorded on Friday (April 25 - $42.4 million and $63.9 million), the maximum volumes of ruble purchases and sales occurred on Monday (April 21 - 5.2 billion rubles and 1.8 billion rubles), the largest volume of euro purchases was recorded on the same day (April 21 -  11.5 million euros) with the maximum euro sales on Wednesday (April 23 - 17.1 million euros).

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

In January-December, 2024, in the intrabank foreign exchange market, purchases totaled $6.8bln, over EUR 1.7bln and RUB 770.7bln, and sales totaled $9.96bln, EUR 3.6bln and RUB 266.1bln, which formed the following buying rates in December 2024: the AMD 394.84/$1, AMD 413.75/EUR 1 and AMD 3.84./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 398.16/$1, AMD, 420.09/EUR 1, and AMD 3.97/RUB 1 against AMD 406.14/$1, AMD 445.57/EUR 1 and AMD 4.5/RUB 1 in December 2023.

In January-December, 2024, on the interbank foreign exchange market, $993.4 mln, EUR 47.8mln, RUB 39.2bln transactions, with no EUR transactions effected in June and November 2024, which was accompanied by AMD appreciation against the RUB to AMD 3.84/RUB 1, and against the USD, AMD 396.1/$1, against AMD 4.47/RUB 1, AMD 405.62/$1 respectively in 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 (RUB 7.2bln). 

In June, 2024, 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 and  December. 

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.