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Central Bank of the Russian Federation has raised official rates of dollar and Euro

ЦБ РФ резко поднял официальные курсы доллара и евро

The official rate of dollar established by Bank of Russia since August 16, raised by about 69 cents to 65,8907 of the ruble. While the European single currency edged up 55 cents, and tomorrow it will 73,4550 of the ruble.

Recall that at the start of today’s trading on the Moscow exchange, the Russian national currency fell against the dollar and the Euro.

To date, the dynamics has not changed. So, as of 15:10 Moscow time the dollar calculations “tomorrow” increased by 12 kopecks to the previous close to 66,1375 of the ruble. The single European currency rose 17.5 cents to 73,7350 of the ruble, according to data exchange.

According to the expert of the Academy of management Finance and investing, Gennady Nikolaev, “this morning a delicate balance on the trading floors may at any time again be replaced by evasion of risks in the use of protective dollar, the yen and gold.”

The expert on the stock market “BCS” Dmitry Babin says that “the ruble is the second day in a row shows a higher rate of decline that can hardly be explained with only one weakness of the oil market”. “Most likely, the negative trends of world markets superimposed on the seasonal factor of increased demand for foreign currency, which increased the pressure on the ruble,” — says he.

We also add that the real effective exchange rate of the ruble (inflation-adjusted) in July 2019 rose 1.6% against foreign currencies relative to the previous month. In this case the real exchange rate of the ruble against the dollar during the reporting period by 1.8%, the Euro 2.1%. For the first 7 months of the current year the real effective ruble exchange rate grew by 7.7%, including the us dollar by 7.1%, and to Euro — on 9%.

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