Indicator notes

Pressure on the Armenian dram on March 15, 2022: 86.5 out of 100, in the “Extreme pressure” zone. The previous reading, on March 12, 2022, was 71.8 (“High pressure”): the indicator rose sharply by 14.7 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: pressure on the currency is close to the highest in its history. Before that the indicator had stayed in the “High pressure” zone for 8 trading days in a row. Biggest component moves: “Central bank policy rate” at 99.9 versus 57.2 and “Exchange rate volatility” at 97.2 versus 95.8. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on March 2, 2022: 63.5 out of 100, in the “High pressure” zone. The previous reading, on March 1, 2022, was 54.9 (“Moderate pressure”): the indicator rose by 8.6 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 10 trading days in a row. The component that moved most: “Exchange rate volatility” at 70.7 versus 45.0. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 15, 2022: 50.3 out of 100, in the “Moderate pressure” zone. The previous reading, on February 12, 2022, was 55.4 (“High pressure”): the indicator fell by 5.1 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 3 trading days in a row. Biggest component moves: “International reserves” at 63.0 versus 79.0 and “Exchange rate volatility” at 30.3 versus 29.6. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 10, 2022: 57.2 out of 100, in the “High pressure” zone. The previous reading, on February 9, 2022, was 54.7 (“Moderate pressure”): the indicator rose by 2.5 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 2 trading days in a row. Biggest component moves: “Exchange rate volatility” at 35.0 versus 27.1 and “International reserves” at 79.2 versus 79.3. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 8, 2022: 54.8 out of 100, in the “Moderate pressure” zone. The previous reading, on February 5, 2022, was 61.0 (“High pressure”): the indicator fell by 6.2 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Biggest component moves: “Exchange rate volatility” at 27.5 versus 46.0 and “Central bank policy rate” at 57.6 versus 57.7. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 5, 2022: 61.0 out of 100, in the “High pressure” zone. The previous reading, on February 4, 2022, was 73.9: the indicator fell sharply by 12.9 points. That meets our shift threshold of 10 points; the zone did not change. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Biggest component moves: “Exchange rate volatility” at 46.0 versus 84.6 and “International reserves” at 79.4 versus 79.5. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on January 14, 2022: 71.6 out of 100, in the “High pressure” zone. The previous reading, on January 13, 2022, was 57.2: the indicator rose sharply by 14.4 points. That meets our shift threshold of 10 points; the zone did not change. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Biggest component moves: “International reserves” at 80.9 versus 38.0 and “Exchange rate volatility” at 90.4 versus 90.0. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 31, 2021: 56.3 out of 100, in the “High pressure” zone. The previous reading, on December 30, 2021, was 44.0 (“Low pressure”): the indicator rose sharply by 12.3 points and crossed the 45 and 55 boundaries. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Low pressure” zone for 2 trading days in a row. Biggest component moves: “Exchange rate volatility” at 87.5 versus 50.7 and “Central bank policy rate” at 43.5 versus 43.4. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 29, 2021: 44.0 out of 100, in the “Low pressure” zone. The previous reading, on December 28, 2021, was 45.2 (“Moderate pressure”): the indicator fell slightly by 1.2 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 2 trading days in a row. Biggest component moves: “Exchange rate volatility” at 50.7 versus 54.5 and “International reserves” at 37.8 versus 37.7. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 25, 2021: 45.2 out of 100, in the “Moderate pressure” zone. The previous reading, on December 24, 2021, was 44.7 (“Low pressure”): the indicator rose slightly by 0.5 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. The indicator spent a single trading day in the “Low pressure” zone. Biggest component moves: “Exchange rate volatility” at 54.5 versus 53.0 and “Central bank policy rate” at 43.4 versus 43.3. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 24, 2021: 44.7 out of 100, in the “Low pressure” zone. The previous reading, on December 23, 2021, was 45.2 (“Moderate pressure”): the indicator fell slightly by 0.5 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 6 trading days in a row. Biggest component moves: “Exchange rate volatility” at 53.0 versus 54.5 and “International reserves” at 37.7 versus 37.6. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 16, 2021: 45.1 out of 100, in the “Moderate pressure” zone. The previous reading, on December 15, 2021, was 44.1 (“Low pressure”): the indicator rose slightly by 1.0 point and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. The indicator spent a single trading day in the “Low pressure” zone. The component that moved most: “Exchange rate volatility” at 54.8 versus 51.8. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 15, 2021: 44.1 out of 100, in the “Low pressure” zone. The previous reading, on December 14, 2021, was 52.2 (“Moderate pressure”): the indicator fell by 8.1 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 10 trading days in a row. Biggest component moves: “International reserves” at 37.4 versus 62.2 and “Exchange rate volatility” at 51.8 versus 51.3. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 1, 2021: 45.5 out of 100, in the “Moderate pressure” zone. The previous reading, on November 30, 2021, was 43.0 (“Low pressure”): the indicator rose by 2.5 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 11 trading days in a row. Biggest component moves: “Exchange rate volatility” at 46.7 versus 39.1 and “Central bank policy rate” at 27.3 versus 27.2. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on November 16, 2021: 36.0 out of 100, in the “Low pressure” zone. The previous reading, on November 13, 2021, was 24.1 (“Calm”): the indicator rose sharply by 11.9 points and crossed the 25 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Calm” zone for 4 trading days in a row. Biggest component moves: “International reserves” at 63.0 versus 26.2 and “Exchange rate volatility” at 18.5 versus 19.9. 3 of 4 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on November 10, 2021: 23.3 out of 100, in the “Calm” zone. The previous reading, on November 9, 2021, was 32.9 (“Low pressure”): the indicator fell by 9.6 points and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of pressure on the currency. Biggest component moves: “Exchange rate volatility” at 17.8 versus 46.9 and “Central bank policy rate” at 26.1 versus 26.0. 3 of 4 components were available. This describes that date's reading; it is not a forecast.