The Central Bank of Armenia (CBA) has published the latest exchange rates for the Armenian dram (AMD) on December 16, along with updated prices for precious metals and international oil markets. Below are the key details:
Exchange Rates
- USD (US Dollar): 1 USD = 394.01 AMD (-0.30 AMD)
- GBP (British Pound): 1 GBP = 498.30 AMD (-4.13 AMD)
- EUR (Euro): 1 EUR = 413.24 AMD (-0.63 AMD)
- RUB (Russian Ruble): 1 RUB = 3.83 AMD (+0.02 AMD)
The Armenian dram appreciated slightly against the USD, GBP, and EUR, while it weakened marginally against the Russian ruble.
Precious Metals Prices
Global prices for precious metals showed mixed trends:
- Gold (Spot Price): $2,650.86 per ounce (+0.1%)
- Silver: $31.27 per ounce (-0.2%)
- Platinum: $1,053.40 per ounce (-0.6%)
- Palladium: $1,437.20 per ounce (steady)
Gold experienced a slight uptick, while silver and platinum prices declined. Palladium remained stable, reflecting the balance in industrial demand and supply fluctuations.
Oil Prices
International oil prices declined slightly:
- Brent Crude: $74.28 per barrel (-0.3%)
- U.S. West Texas Intermediate (WTI): $70.99 per barrel (-0.4%)
The dip in oil prices reflects market reactions to global supply concerns and expectations of interest rate adjustments by the Federal Reserve.
Summary
The exchange rates and commodity prices on December 16 highlight minor fluctuations driven by global economic and geopolitical factors. While the Armenian dram showed stability against major currencies, international markets for precious metals and oil remain dynamic.
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