The trading session on the Russian MICEX foreign exchange market began on December 17 with a depreciation of the national currency of the Russian Federation against the dollar, euro and bi-currency basket (0.55 dollars and 0.45 euros).

Photo: RBC

The weighted average dollar exchange rate for tomorrow calculations as of 10:20 Moscow time was 30.7148 rubles/dollar, which is 2.5 kopecks. higher than the closing level of the previous trading day.

The weighted average euro exchange rate for tomorrow calculations as of 10:20 Moscow time was 40.4116 rubles/euro, which is 23.75 kopecks. higher than the closing level of the previous trading day.

The cost of the Bank of Russia basket as of 10:20 Moscow time was 35.052 rubles, which is 0.2 kopecks. higher than the closing level of the previous trading day.

Let us recall that the official exchange rate of the US dollar to the ruble, established by the Bank of Russia since December 15, 2012, is 30.6892 rubles/dollar, the euro exchange rate is 40.2182 rubles/euro.

“The ruble is overstrengthened against major currencies, so it becomes extremely sensitive to even small fluctuations in the commodity market and/or liquidity. Especially now, when the global foreign exchange market can react quite sharply to the change in the political situation in Japan, where the opposition party won the parliamentary elections , extremely decisive about economic measures.

Against this background, the world currency market expects the yen to weaken against major currencies; therefore, sharp fluctuations in the dollar and euro cannot be ruled out. In such conditions, the ruble will also have to enter a period of increased volatility,” MFC experts note.

The ruble is losing ground again