Armenia’s FX market on November 6 and the week in review: Central Bank summary

Trading on November 6

Armenian banks and credit organisations bought about $30.1 million and sold about $41.2 million on November 6.

According to the Central Bank of Armenia, the weighted average dollar buying rate was AMD 359.20 and the selling rate AMD 361.43. On the interbank* market, $2 million was bought and sold at AMD 360.63.

Euro transactions totalled about €13.04 million in purchases and €26.2 million in sales. The average buying rate was AMD 401.96 and the selling rate AMD 407.26. There were no euro transactions on the interbank market.

On the same day, about 2.58 billion roubles were bought at an average rate of AMD 4.33, and 976.5 million roubles were sold at AMD 4.44. On the interbank market, 300 million roubles were bought and sold at AMD 4.40.

Purchases of other foreign currencies totalled AMD 711.3 million (about $1.97 million) in dram terms, and sales AMD 652.6 million.

In-house purchase transactions of banks and credit organisations totalled AMD 27.94 billion, and sales AMD 30.56 billion. Interbank purchases and sales each amounted to AMD 2.04 billion.

Foreign currency bought by credit organisations came to AMD 1.38 billion in dram terms, and currency sold AMD 1.27 billion.

Intrabank and interbank transactions, October 26 to November 6

Banks and credit organisations. There were no interbank dollar transactions on November 2 and 5. On October 26 and 30 there were interbank dollar sales only ($1 million and $0.5 million); on October 29, $2.5 million was bought and $2 million sold. There were no interbank euro transactions, and no interbank rouble transactions on October 28.

Results for the week of November 2–6

Armenian banks and credit organisations bought about $179.3 million and sold about $293.4 million from November 2 to 6.

The weighted average dollar buying rate for the week was AMD 359.09 and the selling rate AMD 361.33. The largest purchase volume came on November 5: $50.9 million at AMD 359.36. On the interbank market, dollar transactions took place on November 3 ($2.5 million at AMD 360), November 4 ($2.5 million at AMD 360.20) and November 6 ($2 million at AMD 360.63). In total, $7 million was bought and sold at an average rate of AMD 360.25.

Euro transactions totalled about €57.68 million in purchases and €68.59 million in sales. The average buying rate was AMD 400.79 and the selling rate AMD 406.84. There were no interbank euro transactions during the week.

Over the week, about 8.57 billion roubles were bought at an average rate of AMD 4.32 and about 4.1 billion roubles were sold at AMD 4.45. On the interbank market, 1.26 billion roubles were bought and sold at an average rate of AMD 4.41. Interbank rouble transactions took place every day, peaking on November 3 at 325 million roubles.

Purchases of other currencies totalled AMD 1.94 billion (about $5.39 million) in dram terms, and sales AMD 2.71 billion.

In-house purchase transactions for the week totalled AMD 126.50 billion, and sales AMD 154.87 billion. Interbank purchases and sales each came to AMD 8.06 billion.

Foreign currency bought by credit organisations totalled AMD 7.11 billion in dram terms, and currency sold AMD 6.97 billion.

Compared with the previous week (October 26–30), dollar purchases fell 8.2% from $195.3 million to $179.3 million, while sales jumped 65.5% from $177.3 million to $293.4 million. The average buying rate eased from AMD 359.45 to 359.09, and the selling rate from AMD 361.70 to 361.33.

Euro purchases increased 26.4% from €45.64 million to €57.68 million, while sales declined 2.9% from €70.67 million to €68.59 million. The buying rate rose from AMD 400.14 to 400.79, and the selling rate from AMD 406.02 to 406.84.

Rouble purchases decreased 11.3% from 9.66 billion to 8.57 billion, and sales 1.5% from 4.16 billion to 4.1 billion roubles. The buying rate fell from AMD 4.37 to 4.32, and the selling rate from AMD 4.51 to 4.45.

Intrabank and interbank transactions, November 2–6

Banks and credit organisations. There were no interbank dollar transactions on November 2 and 5, and no interbank euro transactions all week.

Banks and credit organisations: weighted average rates, AMD

* Transactions with the Central Bank of Armenia and on the Armenia Stock Exchange are not included in the calculations.