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

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

According to the summary CB of RA has mainly used the instruments for reducing the liquidity during April month.In spite of November month the weekly repo contracts have  been used among the instruments of increasing liquidity, which volume has been 16.9 bln AMD. Like March month, also in April The Central Bank of RA hasn’t  implemented a purchase of government bonds, but has involved financial funds with the volume of 155.9bln AMD.

The exchange rate of USD has mainly demonstrated the growing tendency during the month thus increasing by 0.19% 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 the growing tendency during the month.

There has also been registered activity on the repo and swap markets and interbank loan market. The volume of OTC repo transactions has decreased in 0.5%, repo with Eurobonds have  decreased in 48.3 %. There has been noticed different tendencies on interbank loans market. Interbank loans in AMD have decreased in 25.6%, but loans in USD have increased in 21.5 %. The volume of USD swaps has decreased in 61.8%  on the swap market. Both in March  and April swap transacyions in EUR hasn’t been done.

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 6.4004% at the end of April /at the end of March it was 6.14978%/.Profitabilities of outstanding mid-term and long-term government bonds has been 11.1121%  despite the result of the end of previous month- 11.8001%.

The volume of transactions on corporate bonds market has increased 20.7 times, profitabilities have been greatly decreased related to decreasing profitabilitieson financial markets. The volume of transactions on stock market has yielded the indicator of previous month approximately in 3.12 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 April 2017 /monthly overview/.

ASUE Media  and Public Relations Division

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