The ruble weakened by 2.3% against the dollar in July, due to the drop in the trade balance (a situation where a country buys more than it sells – socialbites.ca). This reason for the decrease in the exchange rate of the Russian currency, the Central Bank of the Russian Federation judicial In the July Financial Market Review.
The Central Bank stated that exporters sold $6.9 billion in foreign exchange income in July, which is 1.6% less than in June. Then the currency was sold for $7 billion.
The ruble was under pressure, as it was a month ago, due to the declining foreign trade balance. The net foreign exchange sales volume of the largest exporters decreased by 1.6% compared to June …. ”- continues without review.
According to the regulator, the ratio of net foreign currency sales to foreign exchange earnings of the largest exporters (ie excluding the ruble component) in June was 84% (adjusted in May – 88%). The Central Bank publishes these data with a delay.
Against the backdrop of the depreciation of the ruble, the population sold foreign currency for 44 billion rubles, the bulk of these transactions took place in the first half of the month. Russians sold foreign currency both on the stock exchange and through the largest banks (in the amount of 16.4 billion rubles and 28 billion rubles, respectively). The largest foreign exchange sellers in July were systemically important banks, in June they sold for 528 billion rubles against 377 billion rubles.
The ruble fell 10.4% against the dollar in June, according to the Central Bank. According to the Moscow Stock Exchange, 17:18 Moscow time costs 96,9525 rubles (plus 1.66% according to the opening of the trade). The maximum level of “American” on Tuesday was 97 rubles.
Previously it was It is called the “six” of the ruble.