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The weighted average exchange rate of the US dollar with “tomorrow” clearings rose RUR 0.02 to 29.27 RUR/USD at the Unified Trading Session as of 11:30 Moscow time on Monday. So, the American currency has strengthened against the ruble, after a long period of weakening. The dollar’s rise against the ruble was last reported on November 20, more than a month ago.
Bank dealers link this weakening of the ruble to the statement by Oleg Vyugin, Deputy Chairman of the Central Bank, who said there were no serious factors for the significant weakening of the dollar. He also made it clear that the Central Bank would not permit speculative operations of banks aimed at the sharp strengthening of the ruble. After this statement, which Mr. Vyugin made on Friday, prices for US dollars went up on the market.
At the same time, analysts say the dollar’s rise was more significant at the beginning of the session, but the ruble started recovering after the first hour of trading.
Meanwhile, the ruble strengthened a bit against the euro, as a result of the euro’s slight weakening against the dollar on the international market. The weighted average exchange rate of the euro dropped RUR 0.03 to 36.31 RUR/EUR at the Unified Trading Session on Monday. On Thursday and Friday last week, the euro strengthen against the Russian currency by RUR 0.32.
In the opinion of Viktor Gerashchenko, the former chairman of the Central Bank, the dollar will reach parity with the euro in a year and a half.
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RUSSIA IN FACTS
