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US DOLLAR'S APPRECIATION LAST WEEK CONDITIONED BY INCREASE IN DEMAND
Noyan Tapan
Mar 19 2007
YEREVAN, MARCH 19, NOYAN TAPAN. After a long decline, in the last
ten days the US dollar to some extent restored its value against the
Armenian dram. The growth of the dollar's exchange rate from 354.5 to
over 361 drams was accompanied by an increase in demand for dollars,
as evidenced by results of the latest sessions of foreign currency
sale at the Armenian Stock Exchange (ASE).
This tendency has stabilized since March 5. On that day 0.5 mln
dollars was sold at the weighted average price of 456 drams, while
the unmet demand and supply made 0.42 mln dollars and 0.2 mln dollars
respectively. Since then sales grew until March 16 when 6.267 mln
dollars was sold at the weighted average price of 361.24 drams, while
unmet demand and supply made 80 thousand dollars and 860 thousand
dollars respectively.
Noyan Tapan
Mar 19 2007
YEREVAN, MARCH 19, NOYAN TAPAN. After a long decline, in the last
ten days the US dollar to some extent restored its value against the
Armenian dram. The growth of the dollar's exchange rate from 354.5 to
over 361 drams was accompanied by an increase in demand for dollars,
as evidenced by results of the latest sessions of foreign currency
sale at the Armenian Stock Exchange (ASE).
This tendency has stabilized since March 5. On that day 0.5 mln
dollars was sold at the weighted average price of 456 drams, while
the unmet demand and supply made 0.42 mln dollars and 0.2 mln dollars
respectively. Since then sales grew until March 16 when 6.267 mln
dollars was sold at the weighted average price of 361.24 drams, while
unmet demand and supply made 80 thousand dollars and 860 thousand
dollars respectively.