Armenia is witnessing an intriguing trend in its currency market. According to the financial portal Rate.am, the exchange rates for cash transactions on July 18 are as follows:
The maximum rate to buy the US dollar is 385.11 drams, while the minimum rate to sell it is 390.91 drams. This indicates relative stability of the Armenian currency against the dollar.
The euro shows a wider range: the highest purchase rate is 417.16 drams, and the lowest selling rate is 430.33 drams.
Particular attention is drawn to the exchange rate of the Russian ruble. It can be bought for a maximum of 4.25 drams and sold for a minimum of 4.62 drams. These figures may be of interest to those monitoring the economic relations between Armenia and Russia.
Experts note that the current rates reflect a general trend of the Armenian dram strengthening. This could be attributed to several factors, including the government's economic policy and the external economic situation.
