YEREVAN. – This is the second consecutive day that the US dollar’s exchange rate against the Armenian Dram (AMD) fell in Armenia’s financial market.
Its average exchange rate comprised AMD 417.25/$1, at NASDAQ OMX Armenia stock exchange on Tuesday, and this is a 0.17-percent—or a 0.71-point—drop from the previous trading session on Monday.
The total sales were $3 million.
The US currency is bought and sold at the AMD 416-418/$1 range in Armenia’s cash foreign currency market.
And the Central Bank’s official exchange rate is set at AMD 418.02/$1.