ArmInfo. On the Armenian interbank currency market, from October 12 to 16, both dollar and ruble transactions recovered from a decline to growth, while euro transactions ceased again. In particular, the trend of dollar transactions reversed from a 98% decline to a significant growth of 10 times, which was also observed in ruble transactions, the trend of which recovered from a 25.2% decline to a 36.1% growth. As a result, the weekly volume of ruble transactions retained its lead over dollar transactions, narrowing from 36 times to 5 times.
At the same time, in the intrabank currency market during the reporting week (October 12-16, 2026 compared to October 5-9, 2026), dollar buying lingered in decline while sales began to rise. For euro transactions, the rise in buying was accompanied by an acceleration in the decline in sales, and for ruble transactions, a slowdown in buying was observed while sales began to decline.
As a result, from October 12 to 16 of this year, the dram "froze" The dram exchange rate against the dollar stood at 360.3 drams/$1, while weakening against the ruble from 4.05 to 4.10 drams/$1, and continuing to strengthen against the euro from 406 to 405 drams/$1. A year earlier, on October 16, 2025, the dram exchange rate against the dollar was 383.3 drams/$1, against the euro – 446.5 drams/$1, and against the ruble – 4.78 drams/$1. Compared to current rates, this indicates an annual revaluation of the dram against the dollar, euro, and ruble of 6%, 9%, and 14%, respectively.
According to the Central Bank of the Republic of Armenia, ruble transactions were conducted daily on the interbank currency market from October 12 to 16 of this year, and dollar transactions were conducted twice daily. Moreover, both ruble and dollar transactions were executed simultaneously on Tuesday and Thursday (October 13 and 15). As a result, the total volume of dollar transactions amounted to $5 million at an average exchange rate of 361.95 drams/$1 (versus 362.20 drams/$1 the week before), and the weekly volume of ruble transactions amounted to 2.075 billion rubles at an average exchange rate of 4.31 drams/RUB (versus 4.24 drams/RUB the week before). The maximum volume of dollar transactions "appeared" on Tuesday (October 13) - $4 million, and the largest volume of ruble transactions occurred on Friday (October 16) - 850 million rubles.
On the intrabank foreign exchange market from October 12 to 16 of this year. Compared to the previous week (05-09.10.26), the decline in dollar purchases slowed from 16% to 3.2% with a sales trend moving from a 9.5% decline to a 0.8% increase. For euro transactions, the acceleration of the sales decline from 6.2% to 28.5% was accompanied by a move from a 36.4% decline to an 18% increase. For ruble transactions, the growth in purchases slowed even more from 2% to 0.8% with a reversal of the sales trend from a 42% increase to a 36.1% decline. As a result, during the reporting week, $215.8 million were purchased at an average rate of 360.70 drams/$1, 56.9 million euros at an average rate of 402.48 drams/1EUR, and 9.6 billion rubles. at an average rate of 4.21 dr/1RUB, and $201.7 million were sold at an average rate of 362.65 dr/$1, 61.3 million euros at an average rate of 408.39 dr/1EUR, and 2.98 billion rubles at an average rate of 4.33 dr/1RUB. On the intra-bank foreign exchange market, the maximum volume of ruble sales was recorded on Monday (October 12 - 763.7 million rubles), a day later, on Wednesday, a The largest volume of euro purchases occurred on October 14 (14.6 million euros), followed by the largest sales of dollars and euros on Thursday (15 October - $45.2 million and 15.7 million euros), and the maximum dollar and ruble purchases were recorded on Friday (16 October - $67.1 million and 2.3 billion rubles).
According to the Central Bank of Armenia, from January to August 2026, the Central Bank intervened in the foreign exchange market for $1.760 billion, strengthening the exchange rate from December's 381.49 drams/$1 to August's 365.81 drams/$1, and these were only purchase operations.
In the intrabank foreign exchange market from January to August 2026, $6.4 billion, 1.6 billion euros, and 301.02 billion rubles, and $7.1 billion, 1.9 billion euros and 118.4 billion rubles were sold. This resulted in a buying rate of 364.27 drams/$1, 419.70 drams/€1, and 4.30 drams/₽1 on the intrabank foreign exchange market in August, while the selling rate was 366.31 drams/$1, 426.27 drams/€1, and 4.42 drams/₽1, compared to the December 2025 buying rates of 380.38 drams/$1, 442.74 drams/€1, and 4.83 drams/₽1 for buying, and 382.62 drams/$1, 449.26 drams/€1, and 4.91 drams/₽1 for selling.
On the interbank foreign exchange market from January to August 2026, dollar transactions totaled $413.2 million, euro transactions totaled 26.3 million, and Ruble transactions totaled 33.54 billion rubles. Moreover, no euro transactions were made in March-June. During this period, the dram strengthened on the interbank currency market against the dollar to 365.71 drams/$1, against the ruble to 4.38 drams/ruble, and against the euro to 423.90 drams/EUR. Compared to December 2025 figures, the corresponding figures were 381.33 drams/$1, 4.88 drams/ruble, and 446.78 drams/EUR. As a reminder, ruble transactions on the Armenian Interbank Currency Exchange (AIX) began on March 14, 2022.
From January to August 2026, dollar transactions worth $29.3 million were conducted on the exchange's currency platform, accompanied by the dram's strengthening to 364.34 drams/$1 in August, up from 381.25 drams/$1 in December 2025. In fact, in the first eight months of 2026, the volume of dollar transactions on the exchange's currency platform was almost the same as for the entire 2025 ($29.4 million).
