YEREVAN. – The US dollar’s average exchange rate against the Armenian Dram (AMD) comprised AMD 419.08/$1, at NASDAQ OMX Armenia stock exchange on Tuesday, as compared with Monday’s AMD 419/$1.

The trading session commenced at AMD 419.25/$1, but afterwards the US currency retreated all the way to AMD 419/$1.    

The total sales were $1.65 million.

And there are no substantial exchange rate changes in Armenia’s cash foreign currency market. On the contrary, the exchange offices are more inclined to devalue the dollar. Specifically, the US currency is primarily bought at AMD 417.5/$1 on Tuesday, as compared with Monday’s AMD 418/$1. And the dollar can be purchased at AMD 420 or 421/$1. But some exchange offices even sell it at AMD 419.5/$1.