{"id":34594,"date":"2012-03-12T16:58:46","date_gmt":"2012-03-12T16:58:46","guid":{"rendered":"https:\/\/armbanks.am\/2012\/03\/12\/235052\/"},"modified":"2024-12-15T12:55:57","modified_gmt":"2024-12-15T12:55:57","slug":"nasdaq-omx-armenia-participants-anticipating-central-banks-interference-refrain-from-concluding-forex-deals","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/03\/12\/34594\/","title":{"rendered":"NASDAQ OMX Armenia participants, anticipating central bank\u2019s interference, refrain from concluding Forex deals"},"content":{"rendered":"
YEREVAN, March 12. \/ARKA\/. No transactions were effected today at NASDAQ OMX Armenia stock exchange, since market players, anticipating the central bank\u2019s interventions aimed at saving the national currency from devaluation, refrained from concluding forex deals, Mikael Verdyan, analyst at FOREX CLUB, said on Monday.<\/div>\n
\u201cOn March 7, a day before the Women\u2019s Day, the U.S. dollar traded at the highest in recent time rate – 390.17 drams – at the stock exchange,\u201d he said. \u201cThat is why market players displayed cautiousness.\u201d<\/div>\n
The analyst also pointed out a wide gap between demand and supply as another factor that deterred market participants from exchanging currencies.<\/div>\n
The dollar was supplied for 390.25 drams and demanded for 389 drams at the stock exchange.<\/div>\n
\u201cToday sellers at the stock exchange, fearing the central bank would interfere to save the dram from devaluation, didn\u2019t want to sell dollars at a low price,\u201d Verdyan said. \u201cAs a result, the auction participants failed to reach an accord.\u201d<\/div>\n
The expert thinks the dollar will keep strengthening against the Armenian national currency, and the dram will plunge to 391 or 391.5 per one dollar this week. If the regulator interferes, the dollar will be traded at 387 to 388 drams at the stock market.<\/div>\n
According to his forecast, market exchange rate will be $1 \u2013 AMD 393, but if the central bank makes interventions, it won\u2019t exceed $1 \u2013 AMD 389.<\/div>\n
The latest forex transaction at NASDAQ OMX Armenia was effected on March 7, when the dollar traded at 390.17 drams, on average.<\/div>\n
Today, the central bank raised the dram-dollar exchange rate by 0.03 percentage points, compared with March 7, to 389.82 drams per one dollar.-0-<\/div>\n

YEREVAN, March 12. \/ARKA\/<\/strong>. No transactions were effected today at NASDAQ OMX Armenia stock exchange, since market players, anticipating the central bank\u2019s interventions aimed at saving the national currency from devaluation, refrained from concluding forex deals, Mikael Verdyan, analyst at FOREX CLUB, said on Monday.<\/p>\n

\u201cOn March 7, a day before the Women\u2019s Day, the U.S. dollar traded at the highest in recent time rate – 390.17 drams – at the stock exchange,\u201d he said. \u201cThat is why market players displayed cautiousness.\u201d<\/p>\n

The analyst also pointed out a wide gap between demand and supply as another factor that deterred market participants from exchanging currencies.<\/p>\n

The dollar was supplied for 390.25 drams and demanded for 389 drams at the stock exchange.<\/p>\n

\u201cToday sellers at the stock exchange, fearing the central bank would interfere to save the dram from devaluation, didn\u2019t want to sell dollars at a low price,\u201d Verdyan said. \u201cAs a result, the auction participants failed to reach an accord.\u201d<\/p>\n

The expert thinks the dollar will keep strengthening against the Armenian national currency, and the dram will plunge to 391 or 391.5 per one dollar this week. If the regulator interferes, the dollar will be traded at 387 to 388 drams at the stock market.<\/p>\n

According to his forecast, market exchange rate will be $1 \u2013 AMD 393, but if the central bank makes interventions, it won\u2019t exceed $1 \u2013 AMD 389.<\/p>\n

The latest forex transaction at NASDAQ OMX Armenia was effected on March 7, when the dollar traded at 390.17 drams, on average.<\/p>\n

Today, the central bank raised the dram-dollar exchange rate by 0.03 percentage points, compared with March 7, to 389.82 drams per one dollar.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"

No transactions were effected today at NASDAQ OMX Armenia stock exchange, since market players, anticipating the central bank\u2019s interventions aimed at saving the national currency from devaluation, refrained from concluding forex deals, Mikael Verdyan, analyst at FOREX CLUB, said on Monday.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[15644,308],"class_list":{"0":"post-34594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bonds-am-en-en","7":"category-news","8":"tag-nasdaq-omx-armenia-3","9":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/34594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=34594"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/34594\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=34594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=34594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=34594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}