Armenia’s leading banks forecast a depreciation tendency for the Armenian dram this September as compared with this June. The forecast average exchange rate is 372.95 AMD/U.S. $1. According to the five leading banks, the September exchange rate will be 373.01 AMD/U.S. $1.

The Central Bank of Armenia (CBA) published the aforementioned data on the basis of bank poll results.

The exchange rate expected this December is U.S. $1/376.76 AMD. However, the five leading banks forecast an exchange rate of U.S. $1/369.97 AMD.

During the March poll, Armenian banks forecast an exchange rate of U.S. $1/410 AMD for this July. However, the present exchange rate is U.S. $1/368 AMD.