In Armenia`s interbank foreign exchange market from August 18 to 22,  2025, dollar transactions decreased while ruble increased

ArmInfo. In Armenia's interbank foreign exchange market from August 18 to 22, 2025, there was a decrease  in dollar transactions and an increase in ruble  transactions.

 Euro transactions have not been conducted for three  months. Specifically, the weekly trend of dollar transactions shifted  from a 95.4% growth to a 75.3% decline, while the trend of ruble  transactions went from a 69.2% decline to a 5-fold growth. This  resulted in weekly volume of ruble transactions exceeding dollar  transactions by 3 times In the previous week, the opposite picture  was observed - the total weekly volume of dollar transactions  exceeded ruble transactions by 7 times.

During the reporting week (18-22.08.25 compared to 11-15.08.25), the  interbank foreign exchange market experienced  a decrease in purchase  and sale of dollars, resulting in slowdown in rates. There was an  increase in the purchase of euros began to grow and the decline in  sales slowed down. In ruble transactions, the acceleration of the  decline in purchases was accompanied by a shift in the sales trend  towards a decline.

As a result, from 18 to 22 August this year, the dram continued to  strengthen  against the dollar -  from AMD 382.5 to AMD 381.5/$1,  against the euro - from AMD446 to AMD 443.5/1 EUR, and against the  ruble - from AMD 4.76 to AMD 4.73/1 RUB. On August 22, 2024, the dram  exchange rate to the dollar was AMD 387.8 /$1, to the euro -AMD   429/1EUR, and to the ruble - AMD 4.25/1 RUB, which, compared to the  current rates, indicates an annual revaluation of the dram against  the dollar, and a devaluation against the euro and the ruble.  According to the Central Bank of the Republic of Armenia, in the  interbank foreign exchange  market from August 18 to 22 of this year,  dollar transactions were conducted three times and ruble transactions  daily. Both types "appeared" simultaneously on Tuesday, Thursday and  Friday (August 19, 21 and 22). As a result, the total weekly volume  of dollar transactions amounted to $4.2 million with an average rate  of AMD 383.05/$1 (compared to AMD 383.72 /$1 a week earlier). The  total weekly volume of ruble transactions amounted to 1 billion  rubles with an average rate of AMD 4.76/1RUB (compared to 4.80r/1RUB  a week earlier). The maximum volume of a dollar transaction  "appeared" on Friday (August 22) - $1.7 million, and the largest  volume of ruble transactions occurred on Wednesday (August 20) - 350  million rubles.

In the interbank foreign exchange market from August 18 to 22 of this  year, in comparison with the previous week (11-15.08.25), the decline  in the purchase and sale of dollars slowed down from 12.4-19.1% to  6.5-12.5%. The trend of buying up euros went from a 34% decline to a  23.2% growth with a slowdown in the decline in sales from 7.1% to  5.4%, and in ruble transactions, the acceleration of the decline in  buying from 24% to 27% was accompanied by a reversal of the sales  trend from a 2.1-fold growth towards a 33.2% decline. As a result,  during the reporting week, $132.8 million was purchased at an average  rate of AMD 381.56/$1, 50.1 million euros at an average rate of AMD  442.94 /1EUR, and 11.8 billion rubles at an average rate of AMD 4.75  /1RUB. Additionally,  $205.5 million were sold at an average rate of  AMD 383.99/$1, 70.8 million euros at an average rate of AMD 449.49  /1EUR, and 3.1 billion rubles at an average rate of AMD 4.82 /1RUB.  The largest volumes of dollar purchases and sales and ruble purchases  occurred on Monday (August 18 - $33.1 million, $58.4 million and 3.4  billion rubles), the maximum volumes of euro and ruble sales were  recorded on Wednesday (August 20 - 22.7 million euros and 747.5  million rubles), and the largest volume of euro purchases "appeared"  on Thursday (August 21 - 22.3 million euros). 

According to the Central Bank of the Republic of Armenia, in the  first half of 2025, the Central Bank made interventions in the  foreign exchange market in February-June for a total of $749.4  million with the exchange rate strengthening from February AMD 394.19  to June AMD 384.03/$1, and these were only purchase operations. In  the interbank foreign exchange market in the first half of 2025, $3.3  billion, 1.01 billion euros and 382.9 billion rubles were purchased,  and $5.2 billion, 1.7 billion euros and 92.9 billion rubles were  sold. This formed the purchase rate in the interbank foreign exchange  market in June at  AMD 382.67/$1, AMD 437.29/1 EUR and AMD 4.84/1  RUB, and the sale rate at  AMD 385.71/$1, AMD 444.45 /1 EUR and AMD  4.94/1 RUB, compared to the December 2024  rate of  AMD 394.84/$1,  AMD 413.75 /1 EUR, AMD 3.84 /1RUB - for buying, and AMD 398.16 /$1,  AMD 420.09/1 EUR, AMD 3.97 /1 RUB - for selling. In the first half of  2025, dollar transactions worth $311.5 million and ruble transactions  worth 20.1 billion rubles were made in the interbank foreign exchange  market, while euro transactions were made only in February-March and  May for a total of 1.9 million euros. This was accompanied by a  weakening of the dram against the ruble in the interbank foreign  exchange market to  AMD 4.86/1RUB in June, and a strengthening  against the dollar to AMD 384.65 /$1 from  AMD 3.84/1RUB and AMD  396.1 /$1 in December 2024, respectively.

In the interbank foreign exchange market for this period, the largest  volume of dollar transactions was conducted in January ($81 million),  ruble transactions in May (7.7 billion rubles), and euro transactions  in February (1 million euros). The currency exchange platform, after  eight years of "silence", resumed its operations 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 AMD 388.90 in June to  AMD 387.75 /$1 in October. In  November-December 2024, the currency exchange platform was empty. In  2025, in the first half of the year, dollar transactions for $6.8  million were carried out on the currency exchange platform,  accompanied by the strengthening of the dram from AMD 398.75 in  January  to AMD 384.21/$1 in June. The currency exchange platform was  active during the reporting six months, "highlighting" the maximum  monthly volume in June - $3 million. 

Let us recall that ruble transactions in Armenia's interbank foreign  exchange  market started on March 14, 2022. From that point until the  end of the year, transactions totaling 8.7 billion rubles were made,  with an additional 17.5 billion rubles projected for all of 2023.  This was accompanied by a weakening of the dram against the ruble in  the interbank foreign exchange market in March-December 2022 from AMD  4.86 to AMD 5.8 / 1RUB. However,  there was a strengthening of the  dram against the ruble to AMD 4.47 / 1 RUB by the end of 2023 and  further to AMD 3.84 / 1 RUB by the end of 2024. Starting in 2025, the  dram has once again begun to weaken against the ruble, returning to  the initial exchange rate of the ruble in the interbank foreign  exchange  market - AMD 4.86 /1 RUB by the end of the first half of  the year.