Currency auction volume grows by 75.6% to $277.4mln on NASDAQ OMX
Armenia stock exchange in February
YEREVAN, March 10. /ARKA/. Total volume of currency auctions was
$277.4mln or equivalent of 84.6bln Drams on the NASDAQ OMX Armenia
stock exchange in February this year.
According to the analysis made by ARKA agency based on the information
of NASDAQ OMX Armenia, this is an increase of 75.6% (i.e. $119.4mln or
36.4bln Drams) against the volume recorded in January. Total number of
transactions grew by 310 up to 1,022 transactions in February against
January.
In February this year average weighted exchange rate of the American
currency was 305Drams for $1.
The highest transaction volume at NASDAQ OMX Armenia was recorded on
February 20 – $26mln and the lowest on February 11 – $2.3mln.
Over the reporting period, no transaction in Euros was recorded on
NASDAQ OMX Armenia.
NASDAQ OMX Armenia (Armenian Stock Exchange till January 27 2009) open
joint stock company was founded as a self-regulating organization in
2001 embracing 21 dealer organizations. On November 9 the stock
exchange was reorganized to an open joint stock company. OMX (NASDAQ
OMX now) has been the 100% owner of NASDAQ OMX Armenia and the Central
Depository since January 7 2008.
The Central Bank of Armenia issued a license for auctions on
purchase/sale of currency to NASDAQ OMX Armenia on November 7 2005.
On March 6 2009, average20market exchange rates were as follow:
$1=360.67Drams, 1 Euro=457Drams. `0–