The Bank of Russia set the official dollar rate as of November 21 at 88.4954 rubles, which is 63 kopecks lower than the previous figure. This was reported by TASS.
The Central Bank also reduced the official euro exchange rate by 11 kopecks to 96.6597 rubles. The yuan exchange rate was increased by 1 kopeck to 12,323 rubles.
Previously, Director of the Financial Markets Operations Department of Russian Standard Bank Maxim Timoshenko statedIt seems that the ruble continues to strengthen due to foreign exchange sales by exporters. According to him, the incentive for the strengthening of the Russian currency was the increase in the key rate of the Central Bank of the Russian Federation.
November 19 Bloomberg reported Analysts predict that the ruble exchange rate will be set at around 90 rubles per dollar.
November 15, Andrey Ashkinin, analyst of investment company Alor Broker said “socialbites.ca” says that under current conditions, the Russian ruble may continue to grow by strengthening by about 2-4 rubles by the end of the year.
Formerly at the Russian Ministry of Foreign Affairs statedThe US dollar ceases to lead the world.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.