ArmInfo. From October 13-17, 2025, dollar transactions in Armenia's interbank foreign exchange market increased, while ruble transactions grew by double-digits.
Euro transactions, on the other hand, have been stagnant for almost five months. Specifically, the trend for dollar transactions shifted from a 37.1% decline to a 37% increase, while ruble transactions accelerated from 20% to 28%. This resulted in the weekly volume of ruble transactions maintaining a 1.2-fold advantage over dollar transactions, similar to the previous week. Meanwhile, in the intrerbank foreign exchange market during the reporting week (October 13-17, 2025 compared to October 6-10, 2025), there was an increase in dollar purchases while the sales trend decreased. Euro purchases continued to decline although sales growth slowed, and ruble purchases and sales saw a significant increase from a decline to double-digit growth.
As a result, from October 13-17, the dram weakened against the dollar, going from AMD 382.5 to AMD 383.3/1$, setting the stage for devaluation against the euro, from AMD 445 to AMD 447.5/1 EUR, and continuing to weaken against the ruble, from AMD 4.66 to AMD 4.69/1RUB. Comparing these rates to those from a year earlier, on October 17, 2024, where the dram exchange rate to the dollar was AMD 387,5/$1, to the euro - AMD 420,5 /1EUR, and against the ruble - 3,99 /1 RUB, it indicates an annual revaluation of the dram against the dollar, and a devaluation against the euro and ruble.
According to the Central Bank of the Republic of Armenia, there were four ruble transactions and only four dollar transactions in the interbank foreign exchange market from October 13-17 of this year. The platform was completely empty on Monday (October 13). As a result, the total weekly volume of dollar transactions amounted to $12,5 million at an average exchange rate of AMD 383. /$1 (compared to AMD 383.48 /$1 the previous week), while the total weekly volume of ruble transactions was 1.150 billion rubles at an average exchange rate of AMD 4.81/RUB (compared to AMD 4.67 /RUB the previous week ). The maximum volume of dollar transactions occurred on Wednesday (October 15) - $6,5 million, while the largest volume of ruble transactions occurred on Friday (October 17 ) - 500 million rubles.
During the week of October 13 to 17 in the interbank currency market, there was a notable change in trends compared to the previous week (06-10.10.25). The dollar buying trend moved from a 0.6% decline to a 0.1% growth, while the sales trend reversed from a 27.3% growth to an 8.2% decline. For euro transactions, the decline in buying slowed from 23.4% to 20.2%, while sales growth slowed from 6.4% to 4%. For ruble transactions, the buying and selling trend moved from a 14-10% decline to a 27.1-51.3% growth. In total, $144.9 million was purchased during the reporting week at an average rate of AMD 381.43 /$1, 31.8 million euros at an average rate of AMD 441/1EUR, and 9.2 billion rubles at an average rate of AMD 4.74 /1RUB. Additionally, $152.5 million were sold at an average rate of AMD 383.74/$1, 56.3 million euros at an average rate of AMD 447.56/1EUR, and 4.7 billion rubles at an average rate of AMD 4.84 /1RUB.
The highest volumes of ruble purchases and sales and euro sales occurred on Wednesday (October 15 - 2.1- 2.3 billion rubles and 14.4 million euros). On Thursday, the maximum volume of dollar purchases was recorded (October 16 - $38.1 million). The highest volumes of dollar sales and euro purchases occurred on Friday (October 17 - $34.6 million and 8.4 million euros). According to the Central Bank of Armenia, in the first eight months of 2025, the Central Bank intervened in the foreign exchange market in the amount of $1.069 billion from February to August, strengthening the exchange rate from AMD 394.19/1$ in February to AMD 383.49 in August. These were only purchases.
In the interbank foreign exchange market, over the first eight months of 2025, over $4.6 billion, 1.4 billion euros, and 520.4 billion rubles were purchased, while $7.5 billion, 2.3 billion euros, and 119.6 billion rubles were sold. This resulted in a purchase rate at the level of AMD 381.91/$1, AMD 441.62 /1EUR and AMD 4.77 /1RUB, and the sale rate at the level of AMD 384.39 /$1, AMD 448.27 /1EUR and AMD 4.84 /1 RUB, against the December 2024 rates of 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 EUR, and AMD 3.97/1RUB - for selling.
According to the Central Bank of Armenia, in the first seven months of 2025, the Central Bank intervened in the foreign exchange market with total of $886.9 million from February to July, strengthening the exchange rate from AMD 394.19 drams/$1 in February to AMD 384.06/$1 in July. These were only purchases.
In the interbank foreign exchange market, over the first seven months of 2025, over $4 billion, 1.2 billion euros, and 457.7 billion rubles were purchased, while $6.5 billion, 1.98 billion euros, and 106.4 billion rubles were sold. This resulted in a purchase rate at AMD 382.71/$1, AMD 445.07/1EUR, and AMD 4.85 /1 RUB in the interbank foreign exchange market in July, and a sale rate of AMD 385.37 /$1, AMD 452.45/1EUR, and AMD 4.91 /1RUB, compared to the December 2024 rates of AMD 394.84 /$1, AMD 413.75 /1 EUR, and AMD 3.84/1RUB for purchases, and AMD 398.16 /$1, AMD 420.09 /1EUR, and AMD 3.97/1RUB for sale.
In the first 7 months of 2025, there were dollar transactions totaling $366.7 million ,ruble transactions totaling 22.55 billion rubles and euro transactions totaling 1.9 million in the interbank foreign exchange market, with euro transactions carried out in February-March and May. During this period, the dram weakened against the ruble in the interbank foreign exchange market, reaching AMD 4.88 /1 RUB in July and strengthened against the dollar to AMD 384.12/1$, compared to AMD 3.84 /1RUB and AMD 396.1 /1$r in December 2024. The largest volume of dollar transactions was completed in January ($81 million), ruble transactions in May (7.7 billion rubles), and euro transactions in February (1 million euros. After eight years of "silence," the currency exchange platform resumed operations in June 2024.
Over the five-month period (June-October), dollar transactions totaling $14.7 million were conducted, with the dram strengthening from AMD 388.9 /$1 in June to AMD 387.75 $1 in October. In November- December 2024, the foreign exchange platform was idle. Then, in 2025, over the seven months of 2025, dollar transactions totaling $10.1 million were conducted on the foreign exchange platform, with the dram strengthening from AMD 398.75/$1 in January to AMD 384.09/$1 in July. The currency exchange market was active during the seven months under review, reaching its peak monthly volume in July - $3.3 million.
Recall, ruble transactions in the Armenian interbank currency market started on March 14, 2022. From that point until the end of the year, transactions totaling 8.7 billion rubles were conducted, with an additional 17.5 billion rubles for the entire 2023. This was accompanied by a weakening of the dram against the ruble in the interbank foreign exchange market from March to December 2022, from AMD 4.86 to AMD 5.8/1RUB. However, the dram subsequently strengthened against the ruble to AMD 4.47/1RUB by the end of 2023 and further to AMD 3.84/1RUB by the end of 2024. However, since 2025, the dram has once again begun to weaken against the ruble. By the mid-year mark, it had reverted to the initial exchange rate of AMD 4.86 /1RUB in the interbank foreign exchange market
