Summary of Transactions on Financial Markets of RA by AMBERD Research Center

ASUE AMBERD Research Center has summarized the transactions on financial markets of RA in August.

According to the summary CB of RA has mainly used the instruments for reducing the liquidity during August month.Unlike previous months even the weekly repo contracts haven't been used among the instruments of increasing liquidity. Like July month, also in August The Central Bank of RA hasn’t  implemented a purchase of government bonds, but has involved financial funds with the volume of 948,7 bln AMD.

The exchange rate of USD has mainly demonstrated the dropping tendency during the month thus decreasing by 0,06% for the purchase and for sales prices as compared to the beginning of the second part of the month. In case of EUR and RUR the rates have mainly been demonstrating different tendencies during the month. The rate of EUR has increased in 2.59% and the rate of RUR - in 0.21%.

There has also been registered activity on the repo and swap markets and interbank loan market. The volume of OTC repo transactions has increased in 11.4%, repo with Eurobonds have increased in 5%. There has been noticed different tendencies on interbank loans market. Interbank loans in AMD have decreased in 30%, but loans in USD have inreased in 11.9%. The volume of USD swaps has sharply decreased in 67.5%  on the swap market. Unlike  month July  swap transactions in EUR haven’t been sighned in August.

A big activity has been registered both on primary and secondary government bonds markets and mainly tendencies to decreasing interests. As a result profitability of outstanding short-term bonds has been 6.1059 % at the end of August/at the end of July it was 6.076925%/. Profitabilities of outstandingmid-term and long-term government bonds has been 10.9233% despite the result of the end of previous month- 10.90805%.

The volume of transactions on corporate bonds market has sharply decreased in 3 times ,profitabilities have been greatly decreased related to decreasing profitabilitieson financial markets. The volume of transactions on stock market has exceeded the indicator of previous month approximately in 63.8 times.

Summary indicators of financial market.

Summary indicators of currency market.

Summary indicators  of monetary policy of RA CB.

State and development of financial markets in August 2017 /monthly overview/.

ASUE Media  and Public Relations Division

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