Banks in Armenia updated their exchange rates against the dram as of 10:50 a.m. on October 3. The published figures cover both non-cash and cash transactions.
In the non-cash market, the highest US dollar buying rate stood at 361.00 drams, while the lowest selling rate was 363.00 drams. For the euro, the highest buying rate was 408.00 drams and the lowest selling rate was 410.00 drams. For the Russian ruble, the highest buying rate reached 4.27 drams and the lowest selling rate was 4.35 drams.
In cash transactions, the highest US dollar buying rate was also 361.00 drams, while the lowest selling rate was 363.00 drams. The highest cash euro buying rate stood at 408.00 drams and the lowest selling rate at 410.00 drams. The highest cash ruble buying rate reached 4.11 drams, while the lowest selling rate was 4.30 drams.
The published roundup also showed rates at individual banks. At Acba bank, cash US dollar buying and selling rates were set at 360.00 and 364.00 drams, at Ameriabank at 360.00 and 365.00 drams, and at Converse Bank at 360.00 and 364.00 drams.
Spreads remained wider for the euro and the Russian ruble across banks. For example, Byblos Bank Armenia set its cash euro selling rate at 413.00 drams, while IDBank set its cash Russian ruble selling rate at 4.37 drams.
