Active USD transactions in Armenia`s interbank foreign exchange market  February 3-7, 2025

ArmInfo. February 3 to 7, 2025, in Armenia's interbank foreign exchange market, daily USD and two RUB transactions were effected, with no EUR transactions effected.  USD transactions showed an 87% decline against a 3-fold growth the previous week. RUB transactions showed a 23% growth as against an 58 % decline. The total amount of USD transactions exceeded that of RUB transactions 1.2-fold  up to 9 fold..  Duding the period under review against the previous period (Jan 27-31, 2025), in Armenia's intrabank foreign exchange market, USD, EUR and  RUB showed a downward trend, while EUR and RUB sales showed a growth. 

The period under review saw AMD appreciation against the USD - AMD 396,8/$1,, with an AMD appreciation trend toward the RUB - AMD 4.01/RUB 1 to AMD 3.98/RUB 1, and an AMD appreciation trend toward the EUR - AMD 412.5/EUR 1 to AMD 415/EUR 1.  On February 7, 2024, the AMD/USD exchange rate was AMD 405.5/$1, AMD/EUR exchange rate, AMD 437,5/EUR 1 and AMD/RUB exchange rate, AMD 4.44/RUB 1, which is  evidence of y/y AMD appreciation against the USD, EUR and RUB. 

For the period under review, the CBA reports US $25mln transactions at an average exchange rate of AMD 397.22/$1 (against AMD 398,19/$1 the previous week), RUB 275 mln transactions, at an average exchange rate of AMD 4.01/RUB 1 (against AMD 4,06/RUB 1 the previous week). During the period under review, in the interbank foreign exchange market, USD transactions were effected during the entire reporting week, RUB transactions, on  Wednesday and Friday.  The period under review saw the largest volume of USD transactions on Monday and Thursday (Feb 3, 6- ($8mln and $7 mln), and the largest volume of RUB transactions on Wednesday (Feb.5) (RUB 10mln ). 

 During the period under review, as against with the previous week (27-31.01.25), the trend of buying and selling dollars went from a 51.3-15.5% decline against a 44-13% growth, for euro transactions, the acceleration of the decline in buying from 5% to 9% was accompanied by an acceleration of sales growth from 9% to 25%, and for ruble transactions, the acceleration of the decline in buying from 11.4% to 17% was accompanied by a reversal of the sales trend from a 45.2% growth towards a 4.2% decline.  As a result, during the reporting week, $124.5 million was purchased at an average rate of AMD 395.39r/$1, 47.7 million euros at an average rate of AMD 407.62/1EUR, and RUB 12.3 billion  at an average rate of AMD 4.00  dr/1RUB. USD sales totaled $168.3 million  at an average rate of AMD 397.96 /$1, EUR sales totaled  70.4 million  at an average rate of AMD 414.25 dr/1EUR, and RUB sales 6.1 billion at an average rate of AMD 4.09 /1RUB.  The largest USD purchases were reported on Monday (February 3 - $31.4 million) with the maximum sales on Tuesday (February 4 - $35.99 million). The largest EUR purchases were recorded on Monday (February 3 - 24.97 million and 19.5 million euros), and the largest RUB purchases and sales occurred on February  3( 3.3 billion and 2.8 billion rubles).

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

In January-November, 2024, in Armenia's intrabank foreign exchange market, purchases totaled $5.4bln, EUR 1.5bln and RUB 725.1bln, and sales totaled $9.03bln, EUR 3.3bln and RUB 240.7bln, which formed the following buying rates in November 2024: AMD 387.53/$1, AMD 409.52/EUR 1 and AMD 3.82/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 390.34/$1, AMD, 416.81/EUR 1, and AMD 3.85/RUB 1 against AMD 406.14/$1, AMD 445.57/EUR 1 and AMD 4.5/RUB 1 in December 2023.  In January-November, 2024, in the interbank foreign exchange market, $918.4mln, RUB 37.2mln and EUR 46.8mln transactions were effected (with no EUR transactions effected in June and Nov. 2024),  which was accompanied by AMD appreciation against the RUB to AMD 3.88/RUB 1, against the USD, AMD 388.91/$1 in November, 2024, against AMD 4.47/RUB 1, AMD 405.62/$1in 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, 2024 (RUB 7.2bln). 

This June, 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.  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.