A money changer displays a handful of euro notes along with his regular supply of U.S. dollars.
Photo: Reuters
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Dollar Materially Appreciated to Ruble, Euro
In an hour and a half after the start of the special trading in the U.S currency, tomorrow settlement, its weighted average rate surged to 24.36 ruble/U.S. dollar.
The indicator is 5 kopecks above the official exchange rate set by the Central Bank of Russia for November 28. The growth continued during the whole session to reach 24.40 ruble/dollar by 11:45 a.m., MSK.
The basic reason of dollar’s gains in Russia is its movement on global exchanges, where it continues to appreciate to euro. Each euro costs $1.4785 vs. $1.4823 as of 10:00 a.m., i.e. the U.S. dollar stepped up 0.3 percent during a relatively short time-span.
The notable fluctuations of euro-to-dollar rate on FOREX make commercial banks more aggressive on MICEX. As a result, the special session turnover exceeded $1 billion.
As to Russia’s currency, the rate was 36.03 ruble/euro in an hour and a half after the start of the special trading, having sunk 5 kopecks vs. the official rate fixed by the CBR for November 28.
www.kommersant.com
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