YEREVAN, August 13. /ARKA/. Average weighted US exchange rate fell by 0.94% to AMD407.25 at NASDAQ OMX Armenia last week. The trading amounted to a total of 16.78 million US dollars over the week, an increase of 2.16 times against the week before. Average exchange rate of greenback dropped by 0.94% and was 408.54 drams on Saturday August 10. The reduction in US currency exchange rate was primarily due to lower demand by businesses and individuals. The rate drop at FOREX international foreign currency market contributed to less attractive assets.

Next week the USD rate is expected to further decrease as some dealers go on increasing their positions amid the USD failure to get stuck lower of supportive 410.0 drams. The supportive level of USD will be 405.0 drams at NASDAQ OMX. Weaker USD versus other competing currencies rate at international currency market will contribute to this.
Yet, we do not rule out possible consolidation in the market facilitated by maintained demand for foreign currency among population and businesses, despite some reduction in dollar purchase. Indeed, according to the Central Bank of Armenia, net sales of foreign exchange by commercial banks last week dropped 66.94% from the week before to 4.363 million.

We expect the USD to be sold at 406.0 – 410.0 drams this week in Armenia.

Categories: Analytics, General news, News | Comments Off on Armenia: Foreign currency market review for the week August 5-9

Tags: Armenia, DOLLARS, Forex

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Armenian commercial banks bought a total of $103.4 million at the local forex market on September 10-14 at the average exchange rate of 410.27 drams per one USD, the Central Bank of Armenia told ARKA

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks bought $103.4 million at local forex market n September 10-14

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Last week the cost of USD at NASDAQ OMX Armenia stock exchange rose by 0.09% to 419.00 drams as overall weekly trading amounted to $8.0 million, a 43.26% down over the previous week due to a short working week on the occasion of Constitution Day celebrations. The average selling rate of cash greenback climbed by 0.13% to 420.41 drams on July 7, Saturday.

Categories: Exchange market, General news, News | Comments Off on Armenia: Forex market review, July 2-6

Tags: Armenia, Forex, MARKET

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Last week the cost of USD at NASDAQ OMX Armenia stock exchange dropped by 0.14% to 418.61 drams as overall weekly trading amounted to $14.10 million, a 5.70% upward over the previous week.

Categories: Analytics, Bonds.am @en @en, Exchange market, News | Comments Off on Armenia: Forex market review, June 25-29

Tags: Analytics, Armenia, Exchange market, Forex

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Last week the cost of USD at NASDAQ OMX Armenia stock exchange grew by 1.28% to 399.50 drams as overall weekly trading amounted to $17.0 million, a 52.84% increase over the previous week.

Categories: Analytics, Exchange market, News | Comments Off on Armenia: Forex review for May 14-18

Tags: Armenia, Exchange market, Forex

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YEREVAN, May 2. /ARKA/. Last week, the U.S. dollar’s average exchange rate at NASDAQ OMX Armenia stock exchange dropped by 0.08% to 392.00 drams. The weekly trading amounted to 13.235 million U.S. dollars, which was 0.04 % less compared to the week earlier. The average selling rate of cash dollar lost 0.04% and on Sunday, […]

Categories: Analytics, Exchange market, News | Comments Off on Armenia: Forex market review for April 23-28

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Thee average exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange rose by 0.06% last week to 391.50 drams with weekly trading amounting to 15.57 million U.S. dollars, which was 30.18% higher than in the previous week.

Categories: Analytics, Exchange market, News | Comments Off on Armenia: forex market review for April 2-6

Tags: Armenia, EXCHANGE, Forex

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Last week, the U.S. dollar’s average exchange rate at NASDAQ OMX Armenia stock exchange rose by 0.84% to 391.25 drams.

Categories: Analytics, Bonds.am @en @en, Exchange market, News | Comments Off on Armenia: forex market review for may 26-30

Tags: Armenia, Forex, NASDAQ

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The average weighted exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange rose 0.37% last week to 390.17 drams.

Categories: Analytics, Bonds.am @en @en, Exchange market, News | Comments Off on Armenia: forex market review from March 5 to 9

Tags: Armenia, EXCHANGE, Forex

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YEREVAN, February 13. /ARKA/. The average exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange last week rose by 0.05% to 388.71 drams. Weekly trading amounted to 12.05 million U.S. dollars, by 30.95% less than the previous week. The average selling rate of cash dollar rose by 0.04% to 390.37 drams on February 11. Against the […]

Categories: Analytics, Exchange market, News | Comments Off on Armenia: forex market review for February 6 -10

Tags: Analytics, Armenia, EXCHANGE, Forex

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