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

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

According to the summary CB of RA has mainly used the instruments for reducing the liquidity during June month.Like previous months the weekly repo contracts have been used among the instruments of increasing liquidity, which volume has been 29 bln AMD. Like May month, also in June The Central Bank of RA hasn’t  implemented a purchase of government bonds, but has involved financial funds with the volume of 505.2 bln AMD.

The exchange rate of USD has mainly demonstrated the dropping tendency during the month thus decreasing by 0.35% 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 1.26% and the rate of RUR has decreased in 1.94%.

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 16,9%, repo with Eurobonds have decreased in 20,7%. There has been noticed different tendencies on interbank loans market. Interbank loans in AMD have sharply increased in 116,2%, but loans in USD have dereased in 60,1%. The volume of USD swaps has increased in 60,1%  on the swap market. Unlike  month May  swap transactions in EUR has been made in June with the volume of 4bln EUR.

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 6.18815 % at the end of June/at the end of May it was 6,2104 %/. Profitabilities of outstandingmid-term and long-term government bonds has been 11.09661% despite the result of the end of previous month- 10,0444%.

The volume of transactions on corporate bonds market has decreased in 80,4% ,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 17,6 times.

Financial markets

Currency market

Monetary policy and monetary operations of RA CB

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

ASUE Media  and Public Relations Division


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