The dollar exchange rate finished the week at 92.29 rubles. This is proven by data Moscow Stock Exchange.
At the end of trading on Friday, the ruble exchange rate fell against the dollar and yuan, but also rose against the euro. At the weekend, the price of the domestic currency rose against three foreign currencies.
In “tomorrow” calculations at 19:00 Moscow time, the dollar rate increased by 25 kopecks per day to 92.29 rubles, the yuan – increased by 1 kopeck to 12.61 rubles, and the euro decreased by 11 kopecks to 98.55 rubles.
During the week, the dollar fell by 13 kopecks, the yuan by 5 kopecks and the euro by 40 kopecks.
November 8, dollar exchange rate on the Moscow Exchange I went down It fell below 92 rubles for the first time since October 31.
Previously named Positive factors for the strengthening of the ruble. According to Maxim Timoshenko, director of the operations department of Russian Standard Bank, the decision of the Central Bank of the Russian Federation to further increase the key interest rate will help slow down inflation and strengthen the national currency. Tymoshenko also believes that the ruble is supported by high oil prices and forced sales of companies’ export earnings. The Russian Ministry of Finance’s intention to increase foreign exchange purchases within the framework of the budget rule will also have a positive impact.
Previously recognizedHow will the weakening of the ruble affect the state of the economy?