The ruble exchange rate returned to the positions of 2017

At MICEX trading on May 20, the dollar fell to 58 rubles, and the euro - to 60 rubles. Subsequently, Western currencies have somewhat won back the fall, but the very fact of the rapid appreciation of the ruble is indicative. It has not reached such a level against the dollar and the euro since 2017.

The jump in the ruble exchange rate to four-year-old records indicates the demand for Russian money abroad. The Europeans condemn the actions of the Russian Federation, but continue to open ruble accounts with Gazprombank to pay for gas.

Meanwhile, in Europe, demand for Russian fertilizers and nuclear power capacity is growing, without which famine and cold can begin in the region. The countries of the continent will also pay for these resources in Russian currency.

At the same time, such an expensive ruble is unprofitable for exporters of energy resources. Thus, oil sellers lose almost half of their profits on this - at the moment it is $ 20 per barrel compared to $ 36 in those days when the American currency was worth 100 rubles.

In addition, residents of Russia are also experiencing uncertainty, who, according to their old habit, invested in the dollar, hoping for it as a safe haven in storms of raging economic crises.
  • Photos used: Photobank Moscow-Live /
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  1. zzdimk Offline zzdimk
    zzdimk 20 May 2022 18: 10
    I don’t know how and from whom, but we stopped accepting payments in dollars. The girls say it's not particularly profitable.
  2. Oleg_5 Offline Oleg_5
    Oleg_5 (Oleg) 20 May 2022 19: 08
    Yes, everyone for a long time do not care for this course.
    People are more worried about prices in stores ...
  3. Polente the Wanderer 20 May 2022 20: 50
    such an expensive ruble is unprofitable for energy exporters

    But it is beneficial to the majority of the population. After all, the stores are mainly either imported goods or created in Russia on imported equipment. And, accordingly, prices rise depending on the value of the dollar or refer to it as the main thing. What buckwheat, sugar, and our wheat have grown in price significantly in stores bread, sugar, buckwheat in general to heaven ...
    1. Valentin Borisov (Valentin) 20 May 2022 23: 49
      such an expensive ruble is unprofitable for energy exporters

      So let them not export, you see, gasoline will become cheaper ......
      1. Polente the Wanderer 2 June 2022 17: 50
        It is impossible not to export energy resources (in state revenues, in the budget, the money from their exports makes up from 30 to 50 or more% over the years) - there will be no money for pensions and other social benefits. There will be enough for officials, elected officials, but not for others.
  4. shinobi Offline shinobi
    shinobi (Yuri) 21 May 2022 01: 30
    As soon as the dollar begins to be sold at 60, now at 68, the process of falling will be quietly stopped. Actually, they have already begun.
  5. Vox Populi Offline Vox Populi
    Vox Populi (vox populi) 21 May 2022 19: 24
    The jump in the ruble exchange rate to four-year-old records indicates the demand for Russian money abroad.

    Isn't the reason that now the course is determined by somewhat different rules than before?! winked