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EURAMD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    444.415$
  • Previous Close
    446.2656$
  • 52 Week Change
    --
  • Day Range
    -1.85$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

EURAMD.FOREX represents the exchange rate between the Euro (EUR) and the Armenian Dram (AMD) in the foreign exchange (forex) market. It indicates how many Armenian Dram are needed to purchase one Euro. Fluctuations in this rate are influenced by various economic factors in both the Eurozone and Armenia, including interest rates, inflation, trade balances, and political stability. This currency pair is considered an exotic pair due to the Armenian Dram's limited liquidity and generally higher transaction costs compared to major currency pairs.

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Factors

Eurozone & South African Economic Data: Interest rate differentials, GDP growth, inflation figures, and employment data impact the relative attractiveness of the Euro versus the Rand.

Global Risk Sentiment: In times of uncertainty, investors often flock to safe-haven currencies. The Rand is generally considered riskier, thus affecting the EURAMD exchange rate.

Commodity Prices: South Africa is a major commodity exporter. Changes in commodity prices, especially gold and platinum, can significantly impact the Rand's value.

Political Stability: Political events and policy changes in both the Eurozone and South Africa can create volatility and impact investor confidence, influencing the exchange rate.

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