The euro fell against the ruble to levels two years ago

The euro exchange rate collapsed against the ruble to two-year lows

The exchange rate of the European currency fell for the first time to the February 2020 levels, the dollar and bitcoin are down.

According to the Moscow Stock Exchange, at 11 a.m. the euro exchange rate, after a slight rise at the opening of the markets, fell to 69 rubles.

This is is being produced for the first time since February 2020, analysts say. At the opening of the markets, the dollar was valued at 66.93 rubles, the euro – to 71.

According to Forbes, the dollar also shows a decline, which again fell below 66 rubles.

The European currency at a low of 11:30 a.m. (Moscow time) was equal to 68.25 rubles, which was 3.19% lower than according to data from the Moscow bridge the previous day at the time of the closure.

The euro exchange rate is at its lowest since mid-January 2020, falling to below 69 rubles is recorded for the first time since February of the same year.

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The dollar at the same time amounted to 65.36 rubles. Recall that on May 5, its price fell to 65.31.

Expert opinions on the further growth of the currency differ.

Thus, according to Andrey Kochetkov, a leading analyst at Otkritie Broker, he said in May, the strengthening of the ruble was influenced by high Russian export earnings, and foreign currency outflows also declined.

According to its forecast, this month the dollar will not rise above 73–74 rubles, but also will not fall below 68–69.

The euro will hold the bar at 72–78 rubles.

As financial analyst Vladislav Antonov explained to the publication, among other factors, the ruble continues to grow thanks to the efforts of the Central Bank of the Russian Federation.

However, already in the middle of the month the dollar will recover to 80, the euro could – up to 85.

The day before, a drop in the cryptocurrency was recorded. The price of bitcoin has hit an all-time high since June last year. For cryptocurrency, they gave $29,000.

Earlier Topnews wrote that the expert called the real value of the dollar.


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