The euro exchange rate fell below 96 rubles when trading on the Moscow Stock Exchange on November 21. For the first time since June 30. This is proven by business data. Moscow Stock Exchange.
As of 07:00 Moscow time, the European currency was trading at 95.76 rubles, down 0.97%. As of 7:19 (Moscow time), the euro exchange rate slowed its decline, falling to 96.51 rubles. (-0.2%).
At the same time, the dollar lost 0.41% to RUB 88.04, while the yuan was at RUB 12.328. (+0.08%).
Previously, Director of the Financial Markets Operations Department of Russian Standard Bank Maxim Timoshenko guessHe said the trading range of the Chinese yuan this week will be 12.25 – 12.50 rubles.
It was previously reported that after the recent strengthening, analysts predicted that the ruble exchange rate would increase. will be established Around ₽90 per dollar. Bloomberg writes that such a forecast is included in the base scenario of the Ministry of Economic Development and reflects the expectations of market participants.
Previously expert named Reasons for the sharp strengthening of the ruble.
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.