The euro exchange rate exceeded 88 rubles for the first time since March

The euro again costs more than 88 rubles - for the first time since the end of March. For a month, the ruble has lost more than 13% against the European currency.

The euro exchange rate after 19:00 Moscow time briefly exceeded 88 rubles. At 19:37, the euro cost 87.5 rubles, the dollar - 74.3.

The ruble has been depreciating all month against foreign currencies, and above all against the rapidly growing euro - since June 22, the Russian currency has lost more than 10 rubles, or 13.4%, against the European one.

The main reasons for the fall of the ruble are the season of dividends that their recipients convert into foreign currency, and the expectation of the opening of international flights, which force future travelers to buy up foreign currency. But the dollar is also rapidly falling against the euro - Goldman Sachs warned this week that due to the Fed's trillion-dollar injections into the US economy and the threat of rising inflation, the dollar risks losing its status as the world's reserve currency.

Analysts agree that in the near future the ruble will continue to weaken against the dollar, and the dollar against the euro, especially if the situation with the coronavirus in the United States does not change, it will continue to weaken against the euro. more about the nearest forecasts for the ruble exchange rate We told you in one of the newsletters this week.