YEREVAN, February 8. /ARKA/. According to the National Statistical Committee of Armenia, the average market exchange rate of the USD against the Armenian national currency in 2020 was 489.01 drams.

In 2020 December it grew to 518.91 drams, up from 482.32 drams in the first quarter. In the  2nd quarter the USD traded at 484.68 drams, in the 3rd quarter - at 485.61 drams and in the 4th quarter - at 503.43 drams.

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Chairman of the Central Bank of Armenia Martin Galstyan, speaking Tuesday at a news conefernce, pointed out two aspects that should have a positive effect on the exchange rate

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The Moscow Exchange is very likely to start trading the Armenian dram against the Russian ruble before 2020

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No dollar sale-purchase transactions have been effected at NASDAQ OMX Armenia stock exchange over a period between August 8 and 12, the press office of the Central Bank of Armenia reports

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Armenia’s commercial banks bought more than $86.5 million from the local foreign currency market on July 11 – 15 at the average weighted exchange rate of 475.75 drams per one USD, the Central Bank of Armenia reported on Monday

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Armenia’s commercial banks bought a total of $65.5 million from the local foreign currency market on May 30- June 3 at the average weighted exchange rate of 476.91 drams per one USD, the Central Bank said

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Armenian banks bought a total of $64 million from the local intra-bank forex market from May 16 to May 20 at the average weighted exchange rate of 477.36 drams per $1, he Central Bank said

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Armenian banks bought a total of $57.9 million from the local intra-bank forex market from May 10 to May 13

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Armenian banks bought a total of $58.8 million at the local intra-bank forex market from May 2 to May 6 at the weighted average exchange rate of 477.67 drams per $ 1, the Central Bank said

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Armenia-based commercial banks bought about $57.93 million from the local foreign exchange intra-market from March 21 to 25

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