YEREVAN, July 12. /ARKA/. Armenian dram rate enhanced by 6 points on Thursday, for the first time over the past two years, Orakarg newspaper (Agenda) reports.
The four working days ( July 9-11) have broken the ongoing tendency of dram devaluation. This week dram continued strengthening and it seems like the tendency will go on with gaining a shape.
On July 11, the average weighted purchasing cost of the U.S. currency was 411.6, and selling- 415.7 drams. On July 9 the banks bought the dollar at 417 drams per $1.
According to the source, dram rate grew by 2.5 points in intra-banking market. Five-dram margin between dollar purchasing and selling speaks of expectations on the forex market. (Usually margin is 2-3 drams).
Orakarg says dram also rose at NASDAQ OMX Armenia- on July 9 the average weighted cost of $1 was 418.25 drams, and on July 11- 413.35 drams per $1.
Thus, taking into account the total amount and number of deals it can be concluded that the strain at the forex market has eased.
Following the trades on July 10 and 11 at the stock exchange the currency deals valued at $4.1 million and $4.5 million respectively were made. E.O.—0–
YEREVAN, July 12. /ARKA/. Armenian dram rate enhanced by 6 points on Thursday, for the first time over the past two years, Orakarg newspaper (Agenda) reports.
The four working days ( July 9-11) have broken the ongoing tendency of dram devaluation. This week dram continued strengthening and it seems like the tendency will go on with gaining a shape.
On July 11, the average weighted purchasing cost of the U.S. currency was 411.6, and selling- 415.7 drams. On July 9 the banks bought the dollar at 417 drams per $1.
According to the source, dram rate grew by 2.5 points in intra-banking market. Five-dram margin between dollar purchasing and selling speaks of expectations on the forex market. (Usually margin is 2-3 drams).
Orakarg says dram also rose at NASDAQ OMX Armenia- on July 9 the average weighted cost of $1 was 418.25 drams, and on July 11- 413.35 drams per $1.
Thus, taking into account the total amount and number of deals it can be concluded that the strain at the forex market has eased.
Following the trades on July 10 and 11 at the stock exchange the currency deals valued at $4.1 million and $4.5 million respectively were made. E.O.—0–
