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The euro exchange rate has fallen against the ruble to its lowest level since November 2015

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The euro exchange rate has fallen against the ruble to its lowest level since November 2015

The euro exchange rate has fallen against the ruble to its lowest level since November 2015
October 13
09:00 2016

On Wednesday afternoon the ruble slightly strengthened against the US dollar at the Moscow stock exchange and pushed the single European currency to the minimum figures of 2016. The ruble strengthened due to rising oil prices as well as increased demand for the ruble liquidity.

The dollar was trading at 62.54 rubles in the mid-day. This is below the end of the previous session by 12.25 kopecks. By this time the euro was worth 68.95 rubles, losing 33 kopecks. The currency basket ($ 0.55 and 0.45 euros) fell by 21.5 kopecks and amounted to 65.425 rubles. As a result of the index session the Central Bank of the Russian Federation increased the official rate of the dollar by 39.46 kopecks for Tuesday. The rate amounted to 62.5892 rubles. The Central Bank also reduced the rate of the euro by 0.58 kopecks. It was 69.1173 rubles.

At the Moscow Stock Exchange the dollar and euro have fallen since the first minutes of the trade on Wednesday; the ruble slightly increased against the growing world oil prices. Then the fall of the euro became more intense due to the euro retreatment against the US dollar to its lowest level for more than 2 months – $ 1,102. In such conditions, the euro was falling during the session to 68.9 rubles, which has become the lowest level since November 2015. On Tuesday the dollar was able to grow up to a maximum weekly rate, almost reaching 63 rubles.

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