The euro exceeded 71 rubles: why the growth of foreign currencies began

December 19 2022

The euro on the Moscow Exchange rose above 71 rubles for the first time since May 27. The dollar exchange rate, according to the trading platform, exceeded 67 rubles for the first time since May 30.

The reason for the increase in the value of foreign currency is the decline in world oil prices, as a result of which raw material exports are decreasing, while imports are growing. Economists predicted a weakening of the ruble against the backdrop of the imposition of sanctions against Russian oil, in particular, the price ceiling from December 5.

According to the situation at 11:50 Moscow time, the euro exchange rate by “tomorrow” settlements increased by 1,30 rubles and stood at the level of 70,08 rubles. The dollar exchange rate added 1,47 rubles and rose to 66,12 rubles. The yuan rose by 18 kopecks to 9,46 rubles. The Moscow Exchange Index fell by 0,53% to 2121,54 points, the RTS index fell by 2,24% to 1015,37 points.

World oil prices are growing by about 1%, the price of February futures for Brent as of 8:26 Moscow time increased by 0,86% to $71,79 per barrel, WTI February futures - by 0,91%, to 75,15, $XNUMX per barrel.

The volume of trading in the euro is over 9,5 billion rubles, in the yuan - more than 21,8 billion rubles, in the dollar - 25 billion rubles. The ruble began to decline against the backdrop of the adoption by the European Commission of the ninth package of sanctions against Russia.

Earlier it was reported that the EU is now is going through the worst economic period since the global financial crisis. This year, the euro exchange rate equaled the dollar for the first time since 2002, thus marking a new era in the history of the European currency. In turn, in the United States in 2022, historical records for fuel prices were updated several times.

Photos used: https://pixabay.com/

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Offline trampoline instructor

trampoline instructor (Cotriarch Peril) 19 December 2022 15: 42

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First, about the fall of the ruble. Then the reasons for this fall are explained, followed by somewhat belated figures (15:38 $1 = 67.92 RUR). And finally, the traditional spit:

The EU is now experiencing its worst economic period since the global financial crisis. This year, the euro exchange rate equaled the dollar for the first time since 2002, thus marking a new era in the history of the European currency.

By the way, at the moment 1 euro = $1,06, so the "new era" ended as soon as it began.
Offline Vladimir Golubenko

Vladimir Golubenko (Vladimir Golubenko) 19 December 2022 16: 06

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This is Nabiullina and Siluanov again muddying the waters. What can be the course of an unsecured candy wrapper? A dollar is not worth the paper it's printed on. It is necessary to drive such "bankers" and financiers. Drive out of office and on trial. And you need to figure out which of the so-called. The oligarchs are working against the ruble and are also on trial.
1. Offline trampoline instructor
  
  trampoline instructor (Cotriarch Peril) 19 December 2022 16: 42
  
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  ... the dollar is still considered the most stable currency, being the dominant one in international trade: most transactions are carried out in dollars, creating demand for it and thereby maintaining its value.
  In this situation, it is too early to talk about the end of the dollar empire today - about 60% of the world's foreign exchange reserves are concentrated in dollars, said Nikolay Kulbaka, Associate Professor of the Department of Integrated Communications of the School of Media Communications of the Institute of Social Sciences (ION) of the RANEPA.
  He listed the reasons why the dollar retains its role as the world's No. 1 currency.
  Firstly, it is more convenient to have one monetary unit as a world currency. Positive feedback works here: if the majority uses the dollar, then it is beneficial for me to use the dollar.
  The second reason is prosaic: there must be a large economy behind this currency. For example, the Japanese yen simply cannot be the main world currency, since the Japanese GDP is only about 6% of the world economy.
  The third reason is that the main world currency must be stable. And this means that such a currency must have a reliable and stable history.
  Therefore, in the next 5-10 years, one can hardly expect a shift of the dollar by another currency ...
  
  This is Nabiullina and Siluanov again muddying the waters. What can be the course of an unsecured candy wrapper? A dollar is not worth the paper it's printed on.
  
  Hello, your record is already worn down to holes, it's time to throw it away.
  I'm in shock: how dense can you be
2. Offline GO RGO
  
  GO RGO (GO RGO) 20 December 2022 10: 44
  
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  change the record
Offline Bakht

Bakht (Bakhtiyar) 19 December 2022 16: 24

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For all present and future sins, hang Bryukhanov by the balls; if the eggs survive, consider him acquitted by the court; if they do not survive, drown him in the river.

Regarding People's Commissar for Finance Nikolai Bryukhanov
Stalin's note to members of the Politburo on April 5, 1930.
Offline Burtsev Vladimir Dmitrievich

Burtsev Vladimir Dmitrievich (Vladimir) 19 December 2022 19: 17

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Everything and everything is here together. Siluanov and Nabiulina allowed the mafia oligarchs to leave the currency from the export of Russian goods in foreign banks. Humpbacked grave will fix. Instead of reducing oil exports and increasing oil refining and consumption in the domestic market, Novak gave the command to increase exports. It also seems that the oil mafiosi increased the export of foreign currency. It is surprising that no one in Russia is engaged in currency and oil fraud. And this is the main cause of all the problems in the Russian economy. It is necessary to return the death penalty for currency scams on an especially large scale, dismiss Siluanov and Nabiullina and put them on trial. For 300 billion dollars given by Siluanov to American banks, Siluanov can be sentenced to death as under Khrushchev.
Offline Adm Hts

Adm Hts (AdmHts) 19 December 2022 19: 29

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why foreign currencies began to rise

well why...
The Central Bank and the Ministry of Finance need a cheap ruble ...
you need to replenish the treasury with inflated numbers in order to pay off the people with them ...
for this they launched a printing press ...
in addition, capital flight began, which was allowed by the same government ...
they withdraw not only what is on the accounts, but also what they buy on the exchanges ...
Offline Jacques sekavar

Jacques sekavar (Jacques Sekavar) 20 December 2022 00: 02

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The quantitative easing program has ended, the Fed and the ECB are raising the key rate, the dollar and the euro are rising.