The euro collapsed against the ruble to the figures of two years ago

The euro collapsed against the ruble to the figures of two years ago

The exchange rate of the European currency for the first time fell to the levels of February 2020, the dollar and bitcoin are falling.

According to  Moscow Stock Exchange, at 11 a.m., the euro exchange rate, after a slight increase at the opening of trading, fell to 69 rubles.

This happened for the first time since February 2020, analysts say. At the opening of trading, the dollar was valued at 66.93 rubles, the euro at 71.

According to Forbes, the dollar also shows a drop, which again fell below 66 rubles.

The European currency at the minimum by 11.30 (Moscow time) was 68.25 rubles, which is 3.19% less than according to the Moscow Exchange the day before at the time of closing.

The euro exchange rate turned out to be the lowest since mid-January 2020, a drop to below 69 rubles is recorded for the first time since February of the same year.

The dollar at the same time amounted to 65.36 rubles. Recall that on May 5, it fell to 65.31.

Experts’ opinion on the further growth of the currency diverges.

Thus, according to Andrey Kochetkov, a leading analyst at Otkritie Broker, he said that in May the ruble’s strengthening was influenced by high revenues for Russian exports, and the outflow of currency also decreased.

According to his forecasts, this month the dollar will not rise above 73-74 rubles, but it will not fall below 68-69.

The euro will keep the bar at 72-78 rubles.

As financial analyst Vladislav Antonov explained to the publication, among other factors, the ruble keeps growing thanks to the efforts of the Central Bank of the Russian Federation.

However, in the middle of the month, the dollar will recover to 80, the euro can – to 85.

The day before, a decrease in the cryptocurrency was recorded. The price of bitcoin has shown a record low since June last year. They gave $29,000 for the cryptocurrency.

Earlier, Topnews wrote that the expert called the real value of the dollar.


Leave a Reply

Your email address will not be published. Required fields are marked *