Euro surpasses 101 rubles in Russia
The euro rate on the over-the-counter market reached 100 rubles for the first time since mid-March, while the Chinese yuan in Russia set a new high of z...
Consensus
- The euro's exchange rate exceeded 100 rubles on over-the-counter trading markets.
- The euro reached 100 rubles for the first time since mid-March.
- The Russian ruble weakened against the US dollar, trading above 87 rubles per dollar.
- The Chinese yuan strengthened against the ruble, reaching a high not seen in 1.5 years.
- The yuan has appreciated by about 20% against the ruble since the beginning of summer.
- The ruble's decline is attributed to reduced foreign exchange sales by exporters and increased demand from the population and corporate sector.
- The practice of interest rate arbitrage is being scaled back.
- There are growing risks associated with the 'deposit overhang'—trillions of rubles accumulated on deposit accounts.
Points of divergence
- The euro rose above 101 rubles based on exchange trading data. — riamo
- The euro reached 100 rubles specifically on over-the-counter markets, not on the exchange. — tg_svobodnieslova
- The euro reached 100 rubles in over-the-counter markets, and the yuan reached a 1.5-year high. — tg_radiosvoboda
Coverage (3 sources)
- Euro course soared above 101 rubles — РИАМО
- Euro rate on OTC trades reached 100 rubles for the first time since mid-March, while the Chinese yuan in Russia set a new high... — Вёрстка
- Euro rate on OTC trades reached 100 rubles for the first time since mid-March, while the Chinese yuan in Russia set a new high... — Радио Свобода