Dollar Exchange Rate Exceeded 75 Rubles During Trading on the Moscow Exchange
At 15:09 Moscow time, the dollar accelerated its growth to 1.4% by the close of the previous session, thus it reached the level of 75.03 rubles. The last time the dollar was above 75 rubles on November 30.
At the same time, the euro rate grew by 1.4%, reaching 85.06 rubles.
Earlier, on December 12, Georgy Vashchenko, head of the department of trading operations on the Russian stock market at Freedom Finance, said that the position of the Russian currency could strengthen after the New Year, and at the end of December the ruble rate could reach 71.50–74.50 per dollar. In late January - early February, according to Vaschenko, the national currency may be below 70 rubles per dollar.
On December 29, Mikhail Kogan, head of analytical research at the Higher School of Financial Management, noted that the dollar began to strengthen against other currencies after the Federal Reserve System (FSR) announced that the asset repurchase program would be phased out. At the same time, as the expert pointed out, the strengthening of the ruble against the dollar makes it possible to buy the dollar at the best rate.
Prior to that, on December 24, Ph.D. in Economics Mikhail Belyaev expressed the opinion that the ruble is a more stable and reliable currency than the dollar in the long term. According to the economist, the Russian national currency is only strengthening its position, becoming more and more profitable for investment.