Dollar sales on Armenia’s FX market down 35.3% to $189.8 million on November 9–13

Trading on November 13

Armenian banks and credit organisations bought about $29.4 million on November 13, 10.7% more than on November 12, and sold about $29.0 million.

According to the Central Bank of Armenia, the weighted average dollar buying rate was AMD 359.46 and the selling rate AMD 361.51. On the interbank* market, $3 million was bought at AMD 360.75; no dollar sales were recorded.

Euro transactions totalled about €4.26 million in purchases and €8.76 million in sales. The average buying rate was AMD 396.24 and the selling rate AMD 402.82. There were no euro transactions on the interbank market.

On the same day, about 1.62 billion roubles were bought at an average rate of AMD 4.29, and 589.1 million roubles were sold at AMD 4.40. On the interbank market, 100 million roubles were bought and sold at AMD 4.38.

Purchases of other foreign currencies totalled AMD 397.3 million (about $1.10 million) in dram terms, and sales AMD 835.8 million.

In-house purchase transactions of banks and credit organisations totalled AMD 19.61 billion, and sales AMD 17.45 billion. Interbank purchases amounted to AMD 1.52 billion, and sales AMD 438.0 million.

Foreign currency bought by credit organisations came to AMD 855.2 million in dram terms, and currency sold AMD 741.7 million.

Intrabank and interbank transactions, November 2–13

Banks and credit organisations. There were no interbank dollar transactions on November 2 and 5; on November 13 there were dollar purchases only ($3 million). There were no interbank euro transactions, and no interbank rouble transactions on November 10.

Results for the week of November 9–13

Armenian banks and credit organisations bought about $162.4 million and sold about $189.8 million from November 9 to 13.

The weighted average dollar buying rate for the week was AMD 359.47 and the selling rate AMD 361.42. The largest purchase volume came on November 10: $46.3 million at AMD 359.55. Interbank dollar transactions took place every day: in total, $15.5 million was bought at an average rate of AMD 360.69 and $12.5 million was sold at AMD 360.67 (on November 13 there were purchases only, $3 million). The largest volume, $5.5 million, came on November 12.

Euro transactions totalled about €58.63 million in purchases and €52.74 million in sales. The average buying rate was AMD 400.07 and the selling rate AMD 405.25. There were no interbank euro transactions during the week.

Over the week, about 8.28 billion roubles were bought at an average rate of AMD 4.28 and about 3.86 billion roubles were sold at AMD 4.40. On the interbank market, 1.2 billion roubles were bought and sold at an average rate of AMD 4.37. Interbank rouble transactions took place every day except November 10, peaking on November 12 at 525 million roubles.

Purchases of other currencies totalled AMD 1.07 billion (about $2.98 million) in dram terms, and sales AMD 4.18 billion.

In-house purchase transactions for the week totalled AMD 118.35 billion, and sales AMD 111.14 billion. Interbank purchases came to AMD 10.83 billion, and sales AMD 9.75 billion.

Foreign currency bought by credit organisations totalled AMD 5.17 billion in dram terms, and currency sold AMD 5.06 billion.

Compared with the previous week (November 2–6), dollar purchases fell 9.4% from $179.3 million to $162.4 million, and sales 35.3% from $293.4 million to $189.8 million. The average buying rate rose from AMD 359.09 to 359.47, and the selling rate from AMD 361.33 to 361.42.

Euro purchases increased 1.6% from €57.68 million to €58.63 million, while sales declined 23.1% from €68.59 million to €52.74 million. The buying rate fell from AMD 400.79 to 400.07, and the selling rate from AMD 406.84 to 405.25.

Rouble purchases decreased 3.4% from 8.57 billion to 8.28 billion, and sales 5.7% from 4.10 billion to 3.86 billion roubles. The buying rate fell from AMD 4.32 to 4.28, and the selling rate from AMD 4.45 to 4.40.

Intrabank and interbank transactions, November 9–13

Banks and credit organisations. On November 13 there were interbank dollar purchases only ($3 million). There were no interbank euro transactions all week, and no interbank rouble transactions on November 10.

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.