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 February.

According to the summary CB of RA has mainly used the instruments for reducing the liquidity during February month. In Fevruary like January month the weekly repo contracts have  been used among the instruments of increasing liquidity, which volume has been 23.6 bln AMD. During also February month The Central Bank of RA hasn’t  implemented a purchase of government bonds.

The exchange rate of USD has mainly demonstrated the growing tendency during the month thus increasing by 0.55% for the purchase and 0.83% for sales prices as compared to the beginning of the second part of the month. In case of EUR and RUR have mainly been demonstrating the growing tendency during the month in comparison with previous month.

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 5.8%, repo with Eurobonds have sharply  increased in 35%. There has been noticed different tendencies on interbank loans market. Interbank loans in AMD have sharply decreased in 28.3% and loans in USD have decreased in 61.2 %. The volume of USD swaps has increased in 69.9%  on the swap market. Besides this there have been swap transactions in EUR, which volume has demonstrating reduction in 66.7 %.

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 6.9078% at the end of February/at the end of January it was 7.0961%/.Profitabilities of outstandingmid-term and long-term government bonds has been 12.5237% despite the result of the end of previous month-12.3744%.

The volume of transactions on corporate bonds market has increased nearly 1.81 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 918.7%/approximately 10.187times/.

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 February 2017 /monthly overview/.

ASUE Media  and Public Relations Division

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