The dollar against the ruble fell to a record low over the past year, at the auction on October 19, it dropped to 70.84 rubles – the lowest level since July 2020. This is evidenced by the data Moscow Exchange…
At the time of writing the news, the currency has slightly recovered, and its rate was 70.9 rubles. The euro is trading unchanged. Its cost in relation to the Russian was 82.72 rubles.
Earlier in October, analysts predicted further strengthening of the ruble. According to experts, the dollar rate in the coming weeks may fall below 70 rubles, and the euro rate – up to 80. The main reason for the growth of the national currency is the increase in the cost of raw materials. Prices for gas, coal and metals exported by Russia are rising.
But experts also note that it is almost unrealistic to predict the dollar rate in the range of 60 rubles. According to analysts, the monetary policy of the states will tighten, which will affect the Russian currency as well. Under the pressure of global economic realities, it may fall to 74 rubles against the dollar.
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