The dollar exchange rate on the Forex currency market during trading on November 27 exceeded the mark of 111 rubles for the first time since March 2022. The American currency reached its daily high at 111.01 rubles and at the close of the eve rose 5.5 rubles.
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At 15:00 Moscow time, the dollar was worth 110.99 rubles. In the interbank market, the US currency was quoted at 110.11 rubles and its price rose by 4.6 rubles.
The euro exchange rate on Forex rose to more than 116 rubles, also reaching its highest since March 2022. At 15:00 Moscow time, the European currency was worth 116.84 rubles (+6.2 rubles). In the interbank market the euro was trading at 115.86 rubles, increasing its price by 5.2 rubles.
The day before, 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.
The ruble is weakening sharply due to worsening geopolitical risks and new sanctions against more than 50 Russian banks actively involved in international payments, mainly Gazprombank and its foreign subsidiaries, Finam analyst Maxim Pukhov said.
According to him, the national currency is under pressure from several sides, including the growth of the dollar to annual highs, geopolitical aggravation, as well as the seasonal increase in consumer activity and budget spending.
The current weakening cycle of the ruble may stop next week, as the tax period traditionally begins at the end of the month, when exporters sell foreign currency to make tax payments in rubles, the analyst said.
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.
