The yuan exchange rate exceeded 13.5 rubles for the first time since October 11, 2023, according to data from the Moscow Stock Exchange.
Author:
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At the start of trading on Thursday, the ruble had become cheaper against the Chinese currency, despite rising oil prices. At its peak, on October 3, the yuan rose to 13.57 rubles. At 12:26 Moscow time, the value of the coin is 13.52 rubles.
The head of the PSB’s economic and industrial analysis department, Evgeny Loktyukhov, told RBC that the weakening of the ruble was due to the strength of the yuan on world currency markets and the natural reduction in supply from exporters at the beginning of the month. . .
The ruble strengthens against the dollar and the euro on October 3. According to Investing.com at 12:13, the euro is trading at 104.87 (minus 79 kopecks at the beginning of trading), the dollar is 66 kopecks cheaper and its current exchange rate is 95 rubles.
At the end of September, the Central Bank set the dollar exchange rate above 93 rubles for the first time in five months. The Ministry of Economic Development predicted that the exchange rate of the American currency will exceed 100 rubles in July 2026 and in December 2027 it could reach 105 rubles.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
