Tuesday, 19 January 2016

New record: 85.6 rubles per euro


The Russian currency dropped to a new historic record in devaluation at the beginning of the week. Tuesday the central bank in Moscow determined the official rate of the ruble against the euro at 85, 622 rubles.

Forex trading in Kremlin does not remember such an event. The ruble was most expensive on 18 December 2014 when the rate was 84,622 rubles per euro. But this level is already in the history.
Even before trading ended in the foreign exchange segment on the Moscow market, tomorrow's exchange rate had already been exceeded, because there were deals for 86.26 euros.

The dollar also shoot up. The exchange rate of the US currency for tomorrow is 78.67 rubles.
The freely falling of Russian money is because of the continuing sinking oil price once dropped sanctions on Iran. Therefore, foreign exchange dealers in Moscow in the coming days expect the dollar to break through the psychological level of 80 rubles.

And the forecast for the price of "black gold" is not good at all.

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