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The euro for the first time since April 2022 exceeded 89 rubles

April 6, 2023

The euro exchange rate during trading on the Moscow Stock Exchange for the first time since April 14, 2022 exceeded the mark of 89 rubles, and the dollar exceeded the mark of 81 rubles. This is demonstrated by trade data.

How informed Interfax, at 6:03 p.m., the exchange rate for the euro on the Moscow Stock Exchange stood at 89.04 rubles, which is 1.75 rubles more than at the close of trading the day before. The US dollar rose 1.38 rubles and traded at 81.22 rubles.

Agency experts note that the ruble has resumed the negative dynamics that formed at the beginning of the week. At the same time, the fall of the ruble occurs against the background of rising oil prices and in the absence of significant news, therefore it may be partly speculative.

The weakening of the ruble can be influenced by the deterioration of the foreign trade balance – a decrease in income from the export of goods and an increase in imports. At the same time, experts explain the increased demand for foreign currency by transactions of foreign companies selling their shares in the company to Russian companies, in particular, the purchase of Shell’s share in the Sakhalin-2 project by Russian Novatek.

On the morning of April 6, the dollar exchange rate for the first time since April 18, 2022 exceeded the indicator by 80 rubles, and the euro was trading at 87.6 rubles.

Russia Desk

Russia Desk

The Russia Desk leads The Eastern Herald's coverage of Russia, the war in Ukraine, NATO's eastern flank, and the post-Soviet space. The desk has reported continuously on the Russia-Ukraine conflict since its full-scale expansion in February 2022 and verifies through Kremlin statements, NATO briefings.

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