USD transactions down, RUB ones up in Armenia`s interbank foreign exchange market, May 5 to 8, 2025 

ArmInfo.  May 5 to 8, 2025, in Armenia's interbank foreign exchange market, USD transactions showed a decline, while RUB ones showed a growth, with no EUR transactions  effected for two months. RUB transactions showed a 64.3% growth against a 22.2% decline the previous week USD transactions showed a 38.2% decline.. The total amount of RUB transactions exceeded that of USD transactions 1.3-fold, whereas the total volume of USD transactions exceeded that of RUB ones 2- fold. 

During the period under review against the previous week (April 28 to May 2, 2025), in the intrabank foreign exchange market, USD purchases showed an accelerating decline, with USD sales showing a decline as well. EUR purchases and sales showed a decline, with RUB purchases and sales showing an accelerating decline. 

May 5 to 8, 2025, saw AMD an insignificant appreciation against the USD - AMD 389.5/$1 to AMD 389.3/$1, AMD depreciation against the EUR - AMD 441/EUR 1 to AMD 441.5/EUR 1, and AMD depreciation against the  RUB - AMD 4.64/RUB 1 to AMD 4.65 RUB 1. 

May 5 to 8, 2025, three USD and three RUB transactions were effected in the interbank foreign exchange market, with both USD and RUB transactions effected on May 6 and 8, only USD transactions effected on May 5 and only RUB ones effected on May 7. May 9 was a day off. 

US $5.25mln transactions were effected at an average exchange rate of AMD 389.89/$1 (against AMD 390.31/$1 the previous week), and RUB 575mln transactions, at an average exchange rate of AMD 4.79/RUB 1 (against AMD 4.73/RUB 1 the previous week). The period under review saw the largest volume of USD transactions on May 8 ($2.25mln), and  the largest volume of RUB transactions on May 6 (RUB 375mln). 

May 5 to 8, 2025, against the previous period (April 28-May 2, 2025), in Armenia's intrabank foreign exchange market, USD purchases showed an 11.5% decline against a 4% decline, with USD sales showing a 9.8% decline against a 3% growth. EUR purchases showed a 12.6% decline against a 15% growth, with EUR sales showing a 26.4% decline against  an 18% growth. RUB purchases showed a 7.2% decline against a 0.7% decline, and RUB sales showed a 37.8% decline against a 35.3% decline.  

During the period under review, USD purchases totaled $105.7mln at an average exchange rate of AMD 387.66/$1, over EUR 29.2mln at an average exchange rate of AMD 436.38/EUR 1, and RUB 13.6bln at an average exchange rate of AMD 4.72/RUB 1. USD sales totaled $188.7mln at an average exchange rate of AMD 391.01/$1. EUR sales totaled EUR 49.1mln at an average exchange rate of AMD 444.66/EUR 1, and RUB sales RUB 1.9bln at an average exchange rate of AMD 4.84/RUB 1. 

The largest USD purchases were recorded on May 6 ($31.4mln), with the largest USD sales recorded on May 5 ($60.4mln). The largest EUR purchases were recorded on May 5 (EUR 11.1mln), with the largest EUR sales recorded on May 6 (EUR 15.6mln).  The largest RUB purchases and sales were recorded on May 5 (RUB 3.9bln and 573.8mln respectively). 

In January-February 2025, the CBA made $10mln interventions in Armenia's foreign exchange market only in February 2025. 

In January-February, 2025, in the intrabank foreign exchange market, purchases totaled $960mln, EUR 305.4mln and RUB 106.6bln, and sales totaled $1.4bln, EUR 543.4mln and RUB 36.2bln, which formed the following buying rates in February 2025: the AMD 394.174/$1, AMD 408.89/EUR 1 and AMD 4.24./RUB 1 against AMD 394.17/$1, AMD 408.89/EUR 1 and RUB 4.24/1 RUB in December 2024. The selling rates  were as follow: AMD 396.87/$1, AMD, 415.57/EUR 1, and AMD 4.33/RUB 1 against AMD 398.16/$1, AMD 420.09/EUR 1 and AMD 3.97/RUB 1 in December 2024.

In January-February, 2025, on the interbank foreign exchange market, $148mln, RUB 7.3bln transactions were effected, with only EUR 1mln transactions effected in February (at an exchange rate of AMD 413.75/EUR 1), which was accompanied by AMD depreciation against the RUB to AMD 4.25/RUB 1 in February 2025, and insignificant AMD appreciation against the RUB, to AMD 396.09/$1against AMD 396.1/$1 and AMD 3.84/RUB 1 respectively in December 2024. 

The largest volume of USD transactions was recorded in January 2025 ($81mln), with the largest volume of RUB transactions recorded in February 2025 (RUB 5.5bln). 

In June, 2024, after an 8-year-long interval, the foreign exchange stock market resumed operation and saw $14.7mln transactions (in June-October), accompanied by AMD appreciation AMD 387.75/$1 last October against AMD 389.9/$1 last June. No transactions were effected  on the foreign exchange stock market last November and December. In January and February 2025, $1mln transactions were effected in the foreign exchange stock market, accompanied by AMD appreciation to AMD  397/$1 in Feb. 2025 against AMD 398.75/$1 in Jan. 2025. 

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, and further toward the end of 2024.