ArmInfo. In Armenia's interbank foreign exchange market, both dollar and ruble transactions decreased from August 25 to 29, 2025.
Euro transactions have not been conducted for more than three months. Particularly, the decline in dollar transactions accelerated from 75.3% to 76.2%, and the ruble transaction trend shifted from a significant 5-fold increase to a 34.2% decline.
As a result, the weekly volume of ruble transactions surpassed dollar transactions from 3 times to 8.2 times. During the reporting week (25-29.08.25 compared to 18-22.08.25), in the interbank foreign exchange market the purchase of dollars increased while sales declined at a faster rate. The trend of buying euros shifted towards a decline, also accelerating the decline in sales. In ruble transactions, both the decline in purchases and sales slowed down. As a result, from 25 to 29 August, 2025, the dram began to weaken against the dollar - from AMD 381.5 to AMD 382.3 /$1, and against the ruble - from AMD 4.73 to AMD 4.74 /1 RUB, while "freezing" against the euro at AMD 443.5/1 EUR. A year earlier, on August 29, 2024, the dram exchange rate to the dollar was AMD 387.8 / $ 1, to the euro - AMD 430.5 / 1 EUR, and to the ruble - AMD 4.21 / 1RUB ruble, which, compared to the current rates, indicates an annual revaluation of the dram to the dollar, and a devaluation to the euro and ruble.
According to the Central Bank of the Republic of Armenia, from August 25 to 29, 2025, dollar transactions were carried out once and ruble transactions three times in the interbank foreign exchange market, and both of them occurred simultaneously on Tuesday (August 26). The interbank foreign exchange market platform was completely empty on Monday and Thursday (August 25 and 28). As a result, the volume of the only dollar transaction amounted to $ 1 million at an average rate of AMD 383.30 / $ 1 (versus AMD 383.05 / $ 1 a week earlier). The total weekly volume of ruble transactions amounted to 658 million rubles with an average rate of AMD 4.75 /1RUB (versus AMD 4.76/1RUB a week earlier). The maximum volume of a ruble transaction "appeared" on Friday (August 29) - 308 million rubles.
In the interbank foreign exchange from August 25 to 29 of this year, in comparison with the previous week (18-22.08.25), the trend of buying up dollars went from a 6.5% decline to a 9.4% growth with an acceleration of the decline in sales from 12.5% to 15%, while the trend of buying up euros shifted from a 23.2% growth towards a 26.1% decline with an acceleration of the decline in sales from 5.4% to 25.4%. Inn ruble transactions the decline in buying and selling slowed from 27-33.2% to 22.1-13.2%. As a result, during the reporting week, $145.3 million was purchased at an average rate of AMD 381.29 /$1, 37.03 million euros -at an average rate of AMD 441.25r/1EUR, and 9.2 billion rubles at an average rate of AMD 4.72 /1RUB, and $175.01 million was sold at an average rate of AMD 383.52r/$1, 52.8 million euros at an average rate of AMD 447.85 /1EUR, and 2.7 billion rubles at an average rate of AMD 4.82 /1RUB. The largest volumes of dollar sales, euro purchases and sales, and ruble purchases occurred on Monday (August 25 - $43.4 million, 11.7 million euros, and 13.1 million euros, and 2.2 billion rubles). The maximum volume of ruble sales was recorded on Tuesday (August 26 - 687.9 million rubles), and the largest volume of dollar purchases "appeared" on Friday (August 29 - $40.3 million). According to the Central Bank of the Republic of Armenia, in the first half of 2025, the Central Bank intervened in the foreign exchange market in February-June for a total of $749.4 million with the exchange rate strengthening from February's AMD 394.19 to June's AMD 384.03 /$1, and these were solely purchase operations.
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 /1EUR and AMD 4.94 /1 RUB, against the December 2024 AMD 394.84 /$1, AMD 413.75/1 EUR, and AMD 3.84 /1 RUB - for buying, and AMD 398.16 /$1, AMD 420.09/1 euro, and 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 4.86/1 RUB, and a strengthening against the dollar to AMD 384.65 /$1 in June, from AMD 3.84 /1 RUB and AMD 396.1 $1 in December 2024.
During this period, the largest volume of dollar transactions was made 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 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 AMD 388.90 in June to AMD 387.75/$1 in October. In November- December 2024, the currency exchange platform was empty. In the first half of the year, dollar transactions for $6.8 million were carried out, accompanied by the strengthening of the dram from AMD 398.75 in January to AMD 384.21 drams/$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 the Armenian interbank foreign exchange market started on March 14, 2022. From that point until the end of the year, transactions worth 8.7 billion rubles were made, with additional 17.5 billion rubles for the whole 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 drams / 1 RUB. However, there was a reversal in the trend, and by the end of 2023, the dram had strengthened against the ruble to AMD 4.47 / 1 RUB and further improved to AMD 3.84 / 1 RUB by the end of 2024. Starting in 2025, the dram 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.
