Indicator notes

Pressure on the Armenian dram on March 16, 2024: 41.6 out of 100, in the “Low pressure” zone. The previous reading, on March 15, 2024, was 46.6 (“Moderate pressure”): the indicator fell by 5.0 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 41 trading days in a row. Biggest component moves: “International reserves” at 80.5 versus 93.8 and “Exchange rate volatility” at 2.9 versus 9.7. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on January 17, 2024: 54.9 out of 100, in the “Moderate pressure” zone. The previous reading, on January 16, 2024, was 55.1 (“High pressure”): the indicator fell slightly by 0.2 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. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Currency weakening” at 85.2 versus 85.5 and “Exchange rate volatility” at 17.1 versus 17.2. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on January 16, 2024: 55.1 out of 100, in the “High pressure” zone. The previous reading, on January 13, 2024, was 52.9 (“Moderate pressure”): the indicator rose by 2.2 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Biggest component moves: “International reserves” at 99.9 versus 90.5 and “Exchange rate volatility” at 17.2 versus 17.9. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 15, 2023: 51.0 out of 100, in the “Moderate pressure” zone. The previous reading, on December 14, 2023, was 35.7 (“Low pressure”): the indicator rose sharply by 15.3 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 24 trading days in a row. Biggest component moves: “International reserves” at 92.0 versus 31.6 and “Exchange rate volatility” at 3.9 versus 3.2. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on November 11, 2023: 44.8 out of 100, in the “Low pressure” zone. The previous reading, on November 10, 2023, was 46.0 (“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 28 trading days in a row. Biggest component moves: “Exchange rate volatility” at 62.1 versus 66.2 and “Currency weakening” at 93.8 versus 94.3. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on October 3, 2023: 48.2 out of 100, in the “Moderate pressure” zone. The previous reading, on September 30, 2023, was 41.2 (“Low pressure”): the indicator rose by 7.0 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 56 trading days in a row. Biggest component moves: “Exchange rate volatility” at 78.1 versus 50.9 and “Currency weakening” at 99.1 versus 98.5. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on July 15, 2023: 38.7 out of 100, in the “Low pressure” zone. The previous reading, on July 14, 2023, was 49.6 (“Moderate pressure”): the indicator fell sharply by 10.9 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 15 trading days in a row. Biggest component moves: “International reserves” at 26.9 versus 68.6 and “Currency weakening” at 87.4 versus 91.4. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on June 24, 2023: 47.1 out of 100, in the “Moderate pressure” zone. The previous reading, on June 23, 2023, was 44.2 (“Low pressure”): the indicator rose by 2.9 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 7 trading days in a row. Biggest component moves: “Exchange rate volatility” at 29.5 versus 22.6 and “Currency weakening” at 88.2 versus 83.5. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on June 15, 2023: 44.8 out of 100, in the “Low pressure” zone. The previous reading, on June 14, 2023, was 46.5 (“Moderate pressure”): the indicator fell slightly by 1.7 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 21 trading days in a row. Biggest component moves: “Exchange rate volatility” at 25.0 versus 29.0 and “Currency weakening” at 83.3 versus 86.0. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on May 16, 2023: 53.5 out of 100, in the “Moderate pressure” zone. The previous reading, on May 13, 2023, was 43.7 (“Low pressure”): the indicator rose by 9.8 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 64 trading days in a row. Biggest component moves: “International reserves” at 99.9 versus 69.1 and “Currency weakening” at 75.4 versus 70.5. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on March 17, 2023: 38.6 out of 100, in the “Low pressure” zone. The previous reading, on March 16, 2023, was 27.7: the indicator rose sharply by 10.9 points. That meets our shift threshold of 10 points; the zone did not change. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator has now spent 26 trading days in a row in this zone. Biggest component moves: “International reserves” at 67.0 versus 27.2 and “Exchange rate volatility” at 21.5 versus 18.8. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 14, 2023: 28.5 out of 100, in the “Low pressure” zone. The previous reading, on February 11, 2023, was 43.5: the indicator fell sharply by 15.0 points. That meets our shift threshold of 10 points; the zone did not change. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator has now spent 6 trading days in a row in this zone. Biggest component moves: “International reserves” at 25.3 versus 83.2 and “Currency weakening” at 66.8 versus 69.7. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 7, 2023: 44.6 out of 100, in the “Low pressure” zone. The previous reading, on February 4, 2023, was 45.3 (“Moderate pressure”): the indicator fell slightly by 0.7 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator spent a single trading day in the “Moderate pressure” zone. Biggest component moves: “Exchange rate volatility” at 3.3 versus 7.4 and “Currency weakening” at 75.6 versus 74.7. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 4, 2023: 45.3 out of 100, in the “Moderate pressure” zone. The previous reading, on February 3, 2023, was 44.4 (“Low pressure”): the indicator rose slightly by 0.9 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 3 trading days in a row. Biggest component moves: “Currency weakening” at 74.7 versus 72.3 and “Exchange rate volatility” at 7.4 versus 6.4. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 1, 2023: 43.7 out of 100, in the “Low pressure” zone. The previous reading, on January 31, 2023, was 45.6 (“Moderate pressure”): the indicator fell slightly by 1.9 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 29 trading days in a row. Biggest component moves: “Exchange rate volatility” at 7.0 versus 14.2 and “Currency weakening” at 69.2 versus 69.7. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on December 15, 2022: 45.9 out of 100, in the “Moderate pressure” zone. The previous reading, on December 14, 2022, was 37.0 (“Low pressure”): the indicator rose by 8.9 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 13 trading days in a row. Biggest component moves: “International reserves” at 61.8 versus 27.4 and “Exchange rate volatility” at 10.7 versus 7.4. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on November 26, 2022: 42.2 out of 100, in the “Low pressure” zone. The previous reading, on November 25, 2022, was 45.9 (“Moderate pressure”): the indicator fell by 3.7 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 12.3 versus 27.4 and “Currency weakening” at 59.2 versus 58.9. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on November 18, 2022: 45.5 out of 100, in the “Moderate pressure” zone. The previous reading, on November 17, 2022, was 44.8 (“Low pressure”): the indicator rose slightly by 0.7 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 44 trading days in a row. Biggest component moves: “Currency weakening” at 52.7 versus 50.6 and “Exchange rate volatility” at 32.0 versus 31.3. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on September 16, 2022: 33.7 out of 100, in the “Low pressure” zone. The previous reading, on September 15, 2022, was 23.9 (“Calm”): the indicator rose by 9.8 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 29 trading days in a row. Biggest component moves: “Exchange rate volatility” at 38.6 versus 5.1 and “Currency weakening” at 27.1 versus 21.8. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on August 6, 2022: 24.1 out of 100, in the “Calm” zone. The previous reading, on August 5, 2022, was 25.8 (“Low pressure”): the indicator fell slightly by 1.7 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. Before that the indicator had stayed in the “Low pressure” zone for 4 trading days in a row. Biggest component moves: “Exchange rate volatility” at 33.4 versus 41.3 and “Currency weakening” at 10.1 versus 9.2. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on August 2, 2022: 25.4 out of 100, in the “Low pressure” zone. The previous reading, on July 30, 2022, was 22.6 (“Calm”): the indicator rose by 2.8 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 9 trading days in a row. Biggest component moves: “Central bank policy rate” at 26.1 versus 15.3 and “Currency weakening” at 8.4 versus 7.5. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on July 20, 2022: 24.6 out of 100, in the “Calm” zone. The previous reading, on July 19, 2022, was 25.6 (“Low pressure”): the indicator fell slightly by 1.0 point and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of pressure on the currency. Before that the indicator had stayed in the “Low pressure” zone for 25 trading days in a row. Biggest component moves: “Exchange rate volatility” at 49.2 versus 53.7 and “Currency weakening” at 8.6 versus 8.3. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on July 15, 2022: 26.2 out of 100, in the “Low pressure” zone. The previous reading, on July 14, 2022, was 38.1: the indicator fell sharply by 11.9 points. That meets our shift threshold of 10 points; the zone did not change. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator has now spent 23 trading days in a row in this zone. Biggest component moves: “International reserves” at 25.6 versus 69.2 and “Exchange rate volatility” at 58.0 versus 62.4. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on June 15, 2022: 36.5 out of 100, in the “Low pressure” zone. The previous reading, on June 11, 2022, was 59.4 (“High pressure”): the indicator fell sharply by 22.9 points and crossed the 55 and 45 boundaries. 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 “High pressure” zone for 24 trading days in a row. Biggest component moves: “Central bank policy rate” at 12.6 versus 85.1 and “International reserves” at 70.2 versus 88.2. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on May 7, 2022: 73.1 out of 100, in the “High pressure” zone. The previous reading, on May 6, 2022, was 49.1 (“Moderate pressure”): the indicator rose sharply by 24.0 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 9 trading days in a row. Biggest component moves: “Exchange rate volatility” at 96.1 versus 44.6 and “Currency weakening” at 48.0 versus 3.2. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on April 22, 2022: 53.7 out of 100, in the “Moderate pressure” zone. The previous reading, on April 21, 2022, was 55.9 (“High pressure”): the indicator fell by 2.2 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. Before that the indicator had stayed in the “High pressure” zone for 7 trading days in a row. Biggest component moves: “Currency weakening” at 32.8 versus 37.5 and “Exchange rate volatility” at 24.5 versus 28.2. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on April 13, 2022: 67.0 out of 100, in the “High pressure” zone. The previous reading, on April 12, 2022, was 76.3 (“Extreme pressure”): the indicator fell by 9.3 points and crossed the 75 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 “Extreme pressure” zone for 21 trading days in a row. Biggest component moves: “Exchange rate volatility” at 58.8 versus 94.8 and “Currency weakening” at 42.3 versus 43.3. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on April 9, 2022: 76.5 out of 100, in the “Extreme pressure” zone. The previous reading, on April 8, 2022, was 87.5: the indicator fell sharply by 11.0 points. That meets our shift threshold of 10 points; the zone did not change. The “Extreme pressure” zone covers readings from 75 to 100: pressure on the currency is close to the highest in its history. The indicator has now spent 20 trading days in a row in this zone. Biggest component moves: “Exchange rate volatility” at 94.8 versus 95.1 and “Central bank policy rate” at 97.3 versus 97.5. This describes that date's reading; it is not a forecast.