Exchange rates of dollar and Euro against the ruble updated at least July 2015

The rising oil prices on the background of reduction of volumes of oil production in OPEC countries helped Russian rouble to reach a new maximum for the last year and a half. During Friday’s trading on the Moscow stock exchange rate of the dollar against the ruble fell to 58,525 RUB, 42.5 kopecks below the closing level of the previous auction and the lowest level since July 27, 2015 (RUB of 58.33).

“The ruble follows the dynamics of oil prices. Other driving factors in the domestic market is not, however, short-term prospects are moderately positive due to the approaching tax period”, — said the head of analytical Department of Bank “Zenith” Vladimir Evstifeev.

Earlier, analysts of FG BKS, said that the closure of the afternoon session below the level 58,56–58,58 rubles per dollar, which is a two-year low and the main horizontal support, could “indicate the beginning of the accelerating downward trend”.

Simultaneously, the Euro against the ruble fell to 62,245 RUB 60.5 kopecks below the closing level of the previous trading session. So low, the Euro did not fall from 22 July 2015.

The Deputy Chairman of the Board Loko-Bank Andrey lyushin believes that the inflow to Russia of speculative capital increases the volatility of the market, but because the dollar in the near future can return to the area 63-65 RUB.

“Overall, this week the ruble will end the bidding just above 59 to a dollar, the stability will persist next week, but a gradual devaluation is still expected,” lyushin said.

By 16:20 GMT the dollar on the Moscow stock exchange reached $ 58,585 Euro — 62,25 RUB.