Russian Ruble DowndROP to 1.35 U.S. Dollars
In a nutshell, let's dive into the current state of US Dollar (USD) and Euro (EUR) exchange rates against the ruble on the Moscow Exchange.
Right off the bat, we're seeing USD transactions taking place around the range of 74.66-74.75 rubles, essentially costing 6.75 kopecks more than the Moscow Exchange closing rate. The euro, on the other hand, is trading at 90.495 rubles, adding an extra 3.75 kopecks to its value.
As the clock struck 9:00 AM Moscow time, the dollar and the euro continued to swing. The dollar escalated by 0.11 %, reaching 74.720 rubles, while the euro appreciated by 0.04% to 90.493 rubles.
It's important to highlight a significant shift in the exchange rates that transpired on the evening of Thursday, April 29. The average dollar exchange rate on the Moscow Exchange plummeted by 3478 points (1 point equals 0.01 kopecks) to 74.38 rubles. The euro, however, saw less of a dip, averaging 90.1466 rubles.
Long story short, the currency market's been a wild ride, with prices jumping, dipping, and twisting every which way due to economic factors, geopolitical tensions, and international sanctions. Keep your eyes peeled for any updates and stay in the loop with official Moscow Exchange data and financial news sources.
In light of the ongoing market turbulence, it's worth noting that the average USD exchange rate dropped significantly on Thursday, April 29, falling by 3478 points compared to the previous day. On the other hand, the euro's average exchange rate saw less of a dip, slimming down to 90.1466 rubles. Furthermore, investors should stay abreast of the latest financial news to keep track of changes in these exchange rates, given their impact on economic conditions.
