YEREVAN, May 16. /ARKA/. The Moscow Exchange is planning to expand the list of traded foreign currencies by adding the Armenian drams, RBC reported quoting three sources from the financial market.
According to a source, the Exchange is considering also the launch of trading in dirham (currency of the United Arab Emirates) and Uzbek sum.
Currently, the platform offers ruble exchange for 10 foreign currencies: U.S. dollar, euro, Turkish lira, Hong Kong dollar, Belarusian ruble, Kazakh tenge, Swiss franc, British pound, Japanese yen and Chinese yuan.
Expanding the list of available currencies – a logical step, because the trading turnover on the stock exchange declined, according to the source. The average daily trading volume in the dollar-ruble pair in April 2022 was 81.5 billion rubles, down from 242.9 billion rubles in April 2021, according to RBC.
Sharp decrease is associated with a ban on transactions in Russian securities for non-residents.
Earlier, the decrease in the trading volume was also influenced by commission for purchase of currency on the exchange: at first its size was 30%, then it was reduced to 12% and in the beginning of April it was canceled.
For comparison, the average daily trading volume in the pair ruble-euro in April was 49 billion rubles, and the yuan, which is third by this index – 13.7 billion rubles. A year ago, the volume of trading on these currencies was 33.7 billion rubles and 1 billion rubles, respectively. –0—
