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Monday, October 24, 2016

Exchange rates of the Euro and the dollar lows since the beginning of the year

Despite the very moderate increase in world oil prices, the Russian currency on Thursday continues to grow at the auction of the Moscow exchange. Thus, according to trading on 17:23 GMT the Euro has fallen to 70 rubles, and in a few minutes the dollar fell to a mark of 63 rubles.

Thus, the leading foreign currency has updated the lows from November 2015, marks “Interfax”. Such dynamics is associated with dividend payouts of the companies (i.e. increasing demand for the Russian currency) as well as the process of increasing banks reserve funds.

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