ArmInfo. In the Armenian foreign exchange currency market, from March 2-6, 2026, there was a noticeable shift in currency transactions: dollar transactions decreased, ruble transactions declined at a faster rate, and euro transactions ceased to be conducted again. Specifically, the trend in dollar transactions shifted from a significant 2.6-fold increase to a 35% decline.
The ruble transactions continued to decline, accelerating from 40.2% to 78%, and euro transactions completely stopped. As a result, the weekly volume of dollar transactions to fix its dominance over ruble transactions, with the gap widening from 1.3-fold to 4-fold.
In the interbank foreign exchange market, the trend for buying and selling the dollar remained upward during the reporting week (March 2-6, 2026 compared to February 23-27, 2026). In euro transactions, there was an increase in buying accompanied by a decrease in sales, while in ruble transactions, the decrease in buying slowed down while sales accelerated sharply. As a result, from March 2 to 6, the dram weakened against the dollar, from AMD 376.5 to AMD 376.8 per US dollar, while setting itself up for appreciation against the euro, from AMD 445.5 to AMD 439 drams per euro, and continued to strengthen against the ruble, from AMD 4.87 to AMD 4.75 per ruble. A year earlier, on March 6, 2025, the dram exchange rate against the dollar was AMD 395.3 /$1, against the euro - AMD 426 /EUR1, and against the ruble - AMD 4.37/RUB 1. Compared to current rates, this indicates an annual revaluation of the dram against the dollar of 5%, and a devaluation against the euro and ruble of 3% and 9%, respectively.
According to the Central Bank of the Republic of Armenia, from March 2 to 6 of this year, there were three dollar transactions and one ruble transaction in the interbank foreign exchange market. Moreover, both dollar and ruble transactions were conducted simultaneously on Tuesday (March 3), while the platform was completely empty on Monday and Wednesday (March 2 and 4). As a result, the total weekly dollar transaction volume amounted to $5 million at an average rate of AMD 378.13 /$1 (compared toAMD 377.37 /$1 the week before), and the volume of the ruble transaction amounted to 100 million rubles at an average rate of AMD 4.88 /1 RUB (compared to AMD 4.92/1RUB the previous week). The maximum equal volume of dollar transactions was seen on Tuesday and Friday (March 3 and 6) - $2 million each.
In the interbank foreign exchange market from March 2 to 6, 2026, compared to the previous week (February 23-27), the growth in dollar purchases and sales slowed down from 16-12% to 12-6%. For euro transactions, the acceleration in purchase growth from 14% to 22% was accompanied by a shift in sales from a 17.3% increase to a 15.2% decline. For ruble transactions, the decline in purchases slowed from 16% to 4.3%, while sales growth accelerated sharply from 10% to 81%. As a result, during the reporting week, $169.8 million was purchased at an average rate of AMD 375.85/$1, 45.04 million euros at an average rate of AMD 436.30/1EUR, and 7.8 billion rubles at an average rate of AMD 4.82 /1RUB. Additionally, $177.3 million was sold at an average rate of AMD 378.43/$1, 50.1 million euros at an average rate of AMD 443.66/1EUR, and 5.2 billion rubles at an average rate of AMD 4.91s/1RUB. During the reporting week, the maximum volume of ruble purchases was recorded on Monday (March 2 - 1.8 billion rubles), the largest volumes of dollar and euro purchases and sales were recorded (March 5 - $37.4- 40.1 million and 14.99-11.2 million euros) on Thursday, and the maximum volume of ruble sales occurred on Friday (March 6 - 2.2 billion rubles). In the intra-bank foreign exchange market for the whole of 2025, $7.6 billion, 2.03 billion euros and 676.7 billion rubles were purchased, and $10.6 billion, 3.2 billion euros and 177.4 billion rubles were sold. This formed the purchase rate in December at the level of AMD 380.38/$1, AMD 442.74/1EUR and AMD 4.83/1RUB, and the selling rate at AMD 382.62/$1, AMD 449.26/1EUR and AMD 4.91/1 RUB, against the December 2024 rates of AMD 394.84 /$1, AMD 413.75/1 EUR, AMD 3.84/1RUBe - for buying, and AMD 398.16/$1, AMD 420.09/1EUR, and AMD 3.97 /1 RUB - for selling.
After eight years of "silence," the foreign exchange platform resumed operations in June 2024. Over the five-month period (June-October), dollar transactions totaling $14.7 million were conducted, with the dram strengthening from AMD 388.9 /$1 in June to AMD 387.75 $1 in October. In November- December 2024, the foreign exchange platform was idle. Then, in 2025, over the 12 months of 2025, dollar transactions totaling $29,4 million were conducted on the foreign exchange platform, with the dram strengthening from AMD 398.75/$1 in January to AMD 381.25/$1 in July. The currency exchange market was active during the reporting year, reaching its peak monthly volume in November - $8,8 million. Recall, ruble transactions in the Armenian interbank foreign market started on March 14, 2022. From that point until the end of the year, transactions totaling 8.7 billion rubles were conducted, with an additional 17.5 billion rubles for the entire 2023. This was accompanied by a weakening of the dram against the ruble in the interbank foreign exchange market from March to December 2022, from AMD 4.86 to AMD 5.8/1RUB. However, the dram subsequently strengthened against the ruble to AMD 4.47/1RUB by the end of 2023 and further to AMD 3.84/1RUB by the end of 2024. However, since 2025, the dram has once again begun to weaken against the ruble. By the mid-year mark, it had reverted to the initial exchange rate of AMD 4.88 /1RUB in the interbank foreign exchange market.
Recall, ruble transactions in the Armenian interbank foreign exchange market started on March 14, 2022. From that point until the end of the year, transactions totaling 8.7 billion rubles were conducted, with an additional 17.5 billion rubles for the entire 2023. This was accompanied by a weakening of the dram against the ruble in the interbank foreign exchange market from March to December 2022, from AMD 4.86 to AMD 5.8/1RUB. However, the dram subsequently strengthened against the ruble to AMD 4.47/1RUB by the end of 2023 and further to AMD 3.84/1RUB by the end of 2024. However, since 2025, the dram has once again begun to weaken against the ruble. By the mid-year mark, it had reverted to the initial exchange rate of AMD 4.86 /1RUB in the interbank foreign exchange market.
