YEREVAN. – The US dollar’s exchange rate began losing ground in Armenia’s financial market, and it is weakening as quickly as it was gaining strength in the country.  

So, the US currency’s average exchange rate against the Armenian Dram (AMD) comprised AMD 415.06/$1, at NASDAQ OMX Armenia stock exchange on Tuesday, as compared with Monday’s AMD 418.25/$1. 

Furthermore, the dollar was offered even lower than AMD 415/$1 at the closing of the day’s trading session.

And the total trading was $4.1 million.  

The US dollar’s exchange rate sharply declined in Armenia’s cash foreign currency market, too. The exchange offices began offering it even at AMD 415.5/$1, in the case when they were buying it at AMD 417/$1 on Monday. For the most part, the American currency’s buying exchange rate dropped all the way to AMD 412-413/$1. And the next anomaly occurred in Armenia’s cash foreign currency market, when one bank buys the dollar at an exchange rate that is higher than the neighboring bank’s selling rate.