Bloomberg ranked the ruble to the fastest depreciating currencies

A sharp decrease in world oil prices in anticipation of the resumption of supplies from Iran turned the ruble into one of the most rapidly depreciating currencies of countries with a developing economy. It is reported by Bloomberg.

Since the beginning of 2016, the ruble exchange rate to the US dollar has decreased by about 6.9 percent. The worst result was shown only by the South African Rand, Bloomberg experts note.

The removal of international sanctions from Iran increased the correlation of the ruble exchange rate with the price of oil of the Brent brand, the cost of which during today's trading on the ICE exchange fell below $ 28 per barrel . The volatility during today's trading remains increased due to the small amount of bidding in connection with the closure of US trading floors, where today Martin Luther King is celebrated, Danske Bank expert Vladimir Mikravsky notes.

JPMorgan Chase analysts significantly reduced the prediction of oil prices for reference grades in 2016, noting that the large excess of the proposal postpones the beginning of the restoration of quotations at least until next year, Marketwatch reports . Now the bank experts expect that this year the Brent brand will average 31.25 dollars per barrel against the previous estimate of 51.5. The WTI brand forecast was reduced to 31.5 from 48.88.

On Monday, during trading on the Moscow Exchange, the cost of the dollar exceeded 79.25 rubles. This has become the highest indicator since mid -December 2014, when the collapse of oil prices and fears for expanding the conflict in Ukraine led to a drop in the Russian currency exchange rate of up to 80.1 rubles per dollar. The cost of the euro reached 86.5. As of 18:30, the ruble exchange rate slightly increased to 79.09 and 86.12.