AMD Market Update
15 Jul 2026 • 00:40 GMT
The Armenian Dram (AMD) has reached a 90-day high against the US dollar, trading near 0.002730 USD, slightly above its 3-month average of 0.002711. This uptick follows Armenia's recent interest rate hike by the Central Bank to 7.5%, aimed at controlling inflation. The stable trading range of the AMD to USD suggests cautious optimism, supported by Armenia’s healthy economic growth forecast at 5% for 2025 and increased tourism activity, which could strengthen the currency further.
Meanwhile, the USD remains supported by geopolitical tensions in the Middle East and a hawkish stance from the Federal Reserve, with markets attentive to upcoming US economic data. Despite some volatility, the USD index is expected to stay within a range of 101.50-102.0, with the potential for brief upside movements.
Overall, the AMD's recent strength against the USD reflects Armenia's improving economic outlook and internal policy measures, but geopolitical factors and US monetary policy developments continue to influence the broader currency landscape.