The euro exchange rate, having fallen below the mark of eight years ago, rose to almost 60 rubles
Today, the rate of the European currency on the Moscow Currency Exchange fell to 51 rubles per euro. The EU currency has not seen such a fall in Russia since March 2014. But then the price went up.
According to calculations for tomorrow, the euro will fall by 2,13 rubles, amounting to 53,34 rubles per euro, and the US dollar will fall by 2,28 rubles and will be equal to almost 55 rubles per dollar. It's official. At the moment, the euro is already trading at almost 60 rubles.
According to financial experts, the sharp depreciation of the European currency was due to the expected problems with the circulation of the currency, which will cause new anti-Russian sanctions. As a result, there is an increase in supply in the market, and demand is not particularly growing.
New sanctions will cause difficulties with the circulation of the euro, which leads to a decrease in euro quotes on the Moscow Exchange, the expert noted.
Economists believe that the depreciation of the euro is also associated with the launch of the printing press by the EU Central Bank.
The exchange rate of the Russian currency, which fell significantly in the first time after the introduction of anti-Russian sanctions for the operation in Ukraine, has been strengthening more and more in recent months. And this is despite the new sanctions.
Recall that the peak of the growth of the euro against the ruble occurred in March 2022, when Western sanctions against Russia were just being put into effect. Then the exchange rate of the European currency against the Russian one amounted to almost 133 rubles per 1 euro.
The jump in the euro against the ruble at the end of the day is again associated with political upheavals. First of all, we are talking about the admission of new territories to Russia: the DPR, LPR, Zaporozhye and Kherson regions.
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