The dollar exchange rate on the Forex currency market exceeded 107 rubles. The US currency surpassed the mark for the first time since March 2022, trade data shows.
Author:
https://rb.ru/author/bmuzichenko/
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At the high on November 26, the dollar was trading at 107.75 rubles, 3.76 rubles higher than the closing price of the previous day. At the time of this publication (18:20 Moscow time), the American currency was worth 106.25 rubles, and its price increased by 2.25 rubles.
The euro exchange rate on Forex exceeded 113 rubles. At 18:20 Moscow time, the European currency was worth 111.8 rubles, 2.7 rubles more than the previous close.
Previously, the Central Bank set the official exchange rate of the dollar for November 27 at 105.06 rubles and the euro at 110.49 rubles. On November 26, the exchange rates were 103.79 rubles and 108.87 rubles, respectively.
The ruble continues to depreciate due to “great geopolitical uncertainty”, which, among other things, increases the threat of a longer period of increased budget spending, said BCS Express expert Dmitry Babin. “This is aggravated by insufficient foreign exchange earnings, both due to the reduction in exports under the influence of sanctions and the fall in oil prices, and due to the introduction of sanctions against Gazprombank,” he added.
Author:
Bogdan Muzychenko
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.
