YEREVAN, May 18. /ARKA/. Neither dollar/dram nor euro/dram exchange deals were effected at NASDAQ OMX Armenia on Wednesday, according to the information received from this stock exchange.
Mikael Verdyan, Forex Club’s analyst, explained this by stability in supply and the dollar’s upward movement against the Armenian national currency.
He said that things in the market are balances now though the dollar keeps climbing against the dram and exchange rate may reach to 370-380 drams per one dollar.
That is why the financial market players prefer to sit on the hedge.
Being afraid of the central bank’s possible interference, they refrain from effecting forex deals.
The latest forex transaction at the NASDAQ OMX Armenia was effected on Tuesday, when one U.S. dollar traded at 375.7 drams. Average exchange rates: $1 = AMD 374.89 and €1 = AMD 534.56. -0—
