Sat, 6 September
31.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Drop in USD value at Stock Exchange did not prevent its market growth

YEREVAN, May 16. /ARKA/. The average exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange has dropped by 0.54 drams today to 396.99 drams, while the average rate at the foreign exchange market has grown from yesterday’s rate by 1.14 pp to 396.99 drams.
In response to a question from ARKA why the Central Bank raised the rate against the backdrop of lowering rate at the stock exchange, an analyst from FOREX CLUB Mikael Verdyan said that the Central Bank’s rate was only a settlement rate reflecting the situation in banks and currency exchange offices.
Verdyan suggested that the dollar’s decline at the Stock Exchange was also due to the intervention of the Central Bank, which may continue and impact the average rate, which would slow down and fall.
He predicted that the exchange rate of the dollar this week will not hit 400 drams. M.M. -0-

YEREVAN, May 16. /ARKA/. The average exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange has dropped by 0.54 drams today to 396.99 drams, while the average rate at the foreign exchange market has grown from yesterday’s rate by 1.14 pp to 396.99 drams.

In response to a question from ARKA why the Central Bank raised the rate against the backdrop of lowering rate at the stock exchange, an analyst from FOREX CLUB Mikael Verdyan said that the Central Bank’s rate was only a settlement rate reflecting the situation in banks and currency exchange offices.

Verdyan suggested that the dollar’s decline at the Stock Exchange was also due to the intervention of the Central Bank, which may continue and impact the average rate, which would slow down and fall.

He predicted that the exchange rate of the dollar this week will not hit 400 drams. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img