Exchange rate of Euro soared above 85 rubles.


On the Moscow exchange, falling ruble, the dollar came close to 79 rubles., the Euro almost reached the mark of 86 rubles On the maximum dollar climbed on Tuesday to 78,999 rubles, which is by 1.69 rubles above the level of the close of trading on February 1. At the same time, the Euro jumped to 85,929 RUB that on 1,67 rbl. above level of closing of trading on Monday.

The ruble’s decline has resumed after a new fall in oil prices. During today’s trading on the stock exchange ICE futures price for Brent oil for delivery in April 2016 fell to $33,46 per barrel, which is 2.27% below the closing level yesterday.

“Oil is moving down to fairer values, taking into account the ratio of supply and demand. So the pressure on the Russian stock market and the ruble will only increase, possible even a sale one day this week,” says chief analyst at GLOBEXBANK Alexey Balashov.

By 10:30 Moscow time the price of a barrel of Brent on ICE was $33,77, the value of the dollar on the Moscow stock exchange — 77,934 rubles, Euro RUB 85,016

The devaluation of the ruble in January 2016, as shown by the experts of the Levada center poll, became for Russians the most notable event of the beginning of 2016. On 21 January, the dollar rose to a record 85,999 RUB.

In January 2016, analysts of investment Bank Morgan Stanley lowered its forecast for the ruble exchange rate in 2016. In the review of the Bank notes that to revise the forecast forced the strong dependence of the ruble on the level of oil prices and the recent fall of the last below $30 per barrel.

According to the updated forecast of Morgan Stanley, in January—March 2016 the average value of the dollar in Russia will amount to approximately 82 rubles, and in the last three months of 2016 will reach 87 rubles.