The yuan exchange rate fell below 12.5 rubles in trading on Wednesday, according to Moscow Stock Exchange data. The Chinese currency is trading below this level for the first time since February 5.
As of 11:28 Moscow time, the yuan was worth 12.48 rubles. At the same time, the dollar was trading at 90.2 rubles and the euro at 98.05 rubles.
“The growth of the ruble is limited by the decline in oil prices as well as the strengthening of the American currency. There is no significant factor in the depreciation of the ruble. It is strategically supported by the tight monetary policy of the Central Bank, as well as the sale of foreign exchange earnings within the framework of the presidential decree, Anton Kravchenko, head of the shares department of the Management Company Pervaya, said in his note.
Turkish lira exchange rate the previous day Established new anti-registration. The currency fell below 2.9 rubles for the first time at the auction on Tuesday. Experts explain the weakening of the lira high inflation in Turkey and problems With calculations made from Ankara and Moscow.
Previously at Bank of Russia stated About the depreciation of the Yuan.
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Source: Gazeta
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