From August 11 to 15, 2025, Armenia`s interbank foreign exchange  market saw an increase in dollar transactions and a decrease in ruble  transactions

ArmInfo.From August 11 to 15, 2025, in Armenia's interbank foreign exchange market, there was an increase in dollar transactions  and a decrease in ruble  transactions.  Euro transactions have not been conducted for almost  three months.

The weekly trend for dollar transactions shifted from a  21% decline to a 95.4% growth, while the trend for ruble transactions  reversed from an 86% growth to a 69.2% decline. This increased the  prevalence of the total weekly volume of dollar transactions over  ruble transactions from 1.1 times to 6.8 times. During the reporting  week (11-15.08.25 compared to 04-08.08.25), in the interbank foreign  exchange market the buying and selling of dollars and euros  decreased. In ruble transactions, decease in purchases was  accompanied by an increase in sales. As a result, from 11 to 15  August of this year, the dram began to strengthen against the dollar  from AMD 383.5 to AMD 382.5/$1, also setting itself up for  revaluation both against the euro  from AMD 447 to AMD 446/1 EUR, and  against the ruble  from AMD 4.78 to AMD 4.76 /1 RUB.  On August 15,  2024, the dram exchange rate  was AMD 388.8  / $ 1,  AMD 426  / 1  EUR,  and AMD 4.32 / 1 RUB, 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, dollar  transactions were carried out in the interbank foreign exchange  market daily from August 11 to 15 of this year, with only one ruble  transaction, and both simultaneously "appeared" on Thursday (August  14). As a result, the total weekly volume of dollar transactions  amounted to $ 17 million with an average rate of AMD 383.72/ $ 1  (compared to AMD 384 / $ 1 a week earlier). The volume of a single  ruble transaction amounted to 200 million rubles with an average rate  of AMD 4.80 / 1 RUB (compared to 4.79  / 1 RUB a week earlier). The  same maximum volumes of dollar transactions "appeared" on Thursday  and Friday (August 14 and 15) - $4.5 million each.

In the interbank foreign exchange market from August 11 to 15 of this  year, in comparison with the previous week (04-08.08.25), the trend  of buying and selling dollars reversed from 0.7-33% towards a 12.4-  19.1% decline and, the trend of buying and selling euros also  reversed from 97.2-27.3% growth towards a 34-7.1% decline. As for  ruble transactions, the reversal of the buying trend from 48.1%  growth towards a 24% decline was accompanied by the exit of the  selling trend from a 44.6% decline to a 2.1-fold growth.  As a  result, during the reporting week, $142 million was purchased at an  average rate of AMD 382.19 /$1, 40.7 million euros at an average rate  of AMD 443.73 /1EUR, and 16.2 billion rubles at an average rate of  AMD 4.79r/1RUB. Additionally,  $234.8 million was sold at an average  rate of AMD 384.72 /$1, 74.9 million euros at an average rate of AMD  450.18r/1EUR, and 4.6 billion rubles at an average rate of AMD  4.86r/1RUB. The largest volumes of dollar and euro sales and ruble  purchases occurred on Monday (August 11 - $56.8 million, 21.3 million  euros and 4.4 billion rubles). The maximum dollar purchase was  recorded on Wednesday (August 13 - $31.7 million), the largest euro  purchase was on Thursday (August 14 - 10.4 million euros), and the  maximum ruble sales were recorded on Friday (August 15 - 2.2 billion  rubles). 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, in the interbank foreign exchange market   $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 intra-bank  foreign exchange market in June at  AMD 382.67 /$1, AMD 437.29 /1EUR  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 compared to December 2024 AMD 394.84r/$1,  AMD 413.75/1 EUR, and AMD 3.84 /1 RUB - for buying, and AMD 398.16  /$1, AMD 420.09 /1EUR, and AMD 3.97/1RUB - for selling. In the first  half of 2025, dollar transactions worth $311.5 million and ruble  transactions worth 20.1 billion rubles were conducted in the  interbank foreign exchange market, while euro transactions occurred  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  from  AMD 4.86 drams/1 RUB, and a  strengthening against the dollar to AMD 384.65/$1 in June, from  December 2024's AMD 3.84 /1 RUB and AMD 396.1 /$1, respectively.  

For 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 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 June AMD 388.90 to  October AMD 387.75/$1. In November-December 2024, the currency  exchange platform was empty. Then 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 January AMD 398.75 to June AMD 384.21/$1. 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 totaling 8.7 billion rubles  were made, with additional17.5 billion rubles expected 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, dropping 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.  However, 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 bythe  end of the first half of the year.