The euro exchange rate during trading on the Moscow Exchange increased by 0.7% and exceeded 91 rubles. This is evidenced by the site data as of 07:46 Moscow time on Wednesday, March 24.
It is specified that the value of the currency was 91.15 rubles.
The last time a similar value of the currency was observed on February 25, 2021.
The day before, the euro rate on Tuesday rose above 90 rubles for the first time since March 1: then the European currency was trading at 90.73 rubles.
The day before, a senior analyst at Alfa Capital predicted that the week would be marked by a decline in investment risk appetite. According to him, after almost continuous growth since the beginning of February, a “tangible correction” came to the oil market. The price of Brent has lost more than 8% since the beginning of the week, and the losses of the S & P500 oil sub-index were comparable. Against this background, the Mosbirzh index sank as well.
Financial analyst Andrei Kuznetsov predicted on March 13 that the ruble will strengthen its position, while the dollar will face a serious collapse. According to his forecast, the American currency will reach a maximum of 75-76 rubles per dollar, but by the end of April, the position will decline and there will be a collapse to 70-71 rubles.