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Armenian dram depreciated 16.11% in the first quarter

YEREVAN, May 14. /ARKA/. Armenian dram depreciated versus dollar by 16.11% in January-March 2015, says the website of the Eurasian Economic Commission.

According to the commission, average dollar exchange rate in Armenia was $477.26 drams per dollar in January-March 21015, as compared to $411.04 in the same period of the year before (16.11% increase). Euro versus dram rate was 538.40 drams per euro in the period, compared to 562.89 drams respectively. Armenian dram strengthened by 35% versus the Russian ruble, and the ruble rate was 7.61 drams per ruble.

According to the report, the Russian ruble versus dollar exchange rate recorded the highest growth rates – 77.85% (62.165rubles per $1). Ruble versus euro growth rate was 46.88% (70.37 rubles per euro).

Belarusian ruble depreciated versus US dollar by 52.53% in the first quarter of 2015, compared to Q 1 2014. Its devaluation versus euro was 25.64%.

Kazakhstani tenge depreciated versus dollar by 8.48%, which is the lowest devaluation level among the Eurasian Economic Union (EEU) countries. At the same time, tenge strengthened versus dollar by 10.7%.

National currencies versus dollar rates were in the EEU member states considerably higher in January-March 2015 than in the same period of the year before.

At the same time, the Russian ruble showed strengthening dynamics this February, having influenced also the other national currencies. In particular, the Armenian dram and Belarusian ruble have slightly strengthened, and the Kazakhstani tenge depreciation slowed down.

The national currencies’ rates versus euro were influenced by the euro versus dollar devaluation. –0–

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