The euro exchange rate on the Moscow Stock Exchange fell below 99 rubles for the first time since March 12. This is proven by trade data.
The minimum daily amount was 98.98 rubles. However, as of 10:50 Moscow time, the price of the European currency rose again and cost 99.54 rubles.
At the same time, the dollar was trading at 92.65 rubles. The yuan exchange rate was 12.74 rubles.
“The ruble is supported by relatively high oil prices, tight monetary policy of the Central Bank of Russia and the end of the tax period,” writes Maxim Fedosov, portfolio manager at Pervaya Management Company, in his analytical note.
Before that, BCS World of Investments stock market expert Dmitry Babin said “socialbites.ca” is about the continued demand for dollars, euros and yuan among Russians.
previous day reportedThe Ukrainian Hryvnia ranked seventh in the list of the world’s weakest currencies. In March, the currency lost 2.65% of its value against the dollar.
Previously expert named New forecast range for the ruble exchange rate in April.
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Source: Gazeta
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.