During trading on Monday, August 7, the exchange rate of the dollar exceeded the mark of ₽97, which has not been traded above since March 25, 2023.
As of 12:35 Moscow time, the dollar exchange rate on the Moscow Exchange was ₽96.79 (+1.15% to the close of the previous trading session), and the euro – ₽106.205 (+0.56%). Against this background, the price of the dollar in Moscow exchange offices, according to the service Banki.ru, varies from ₽95.9 to ₽100. Euros can be bought at prices ranging from ₽105.47 to ₽109. Exchange rates in exchange offices are published by bank employees, the values of the rates change during the day.
The dollar exchange rate on August 7
RBC Investments has collected the top most profitable rates for buying dollars and euros in exchange offices as of 12:40 Moscow time.
Where to buy the cheapest dollars
1. J&T Bank (Taganskaya metro station): you can buy dollars at the rate of ₽95.9, sell them at ₽92.5;
2. National Standard Bank (metro station Shabolovskaya): you can buy dollars at ₽95.99, sell them at ₽91.01;
3. Kamkombank (metro station Tverskaya): you can buy dollars for ₽96, sell them for ₽94.80;
4. Vneshfinbank (metro station Ryazansky prospect, metro station Novokuznetskaya, metro station Mitino): you can buy dollars at ₽96.06, sell them at ₽94.6;
5. Solid Bank (metro station Begovaya): you can buy dollars for ₽96.2, and sell them for ₽94.5.
Where to buy the cheapest euros
1. Ak Bars Bank (metro station Otradnoe): you can buy euros at the rate of ₽105.47, sell them at ₽104.14;
2. National Standard Bank (metro station Shabolovskaya): you can buy euros at the rate of ₽105.49, sell them at ₽100.01;
3. Bank Saint Petersburg, Polyanka metro station: you can buy euros at the rate of ₽105.75, sell them at ₽103.35;
4. Vneshfinbank (metro station Ryazansky prospect, metro station Novokuznetskaya, metro station Mitino): you can buy euros at the rate of ₽105.8, sell them at ₽104.3;
5. Sovcombank (Prospekt Mira metro station): you can buy euros at the rate of ₽105.85, and sell them at ₽103.95.
Why is the dollar rising in Russia
“The market is repeating the scenario of late June – early July, when, in conditions of low exchange liquidity and lack of supply of foreign exchange earnings, the increased demand for the currency of a number of large players sharply weakened the position of the Russian currency,” Veles Capital analyst Yuri Kravchenko explained. He pointed out that in the summer months, an increased demand for currency is also observed among the population.
The PSB fears that the dollar exchange rate may move into the range of ₽97-98 this week due to the lack of significant factors supporting the ruble. “We hope that the favorable situation in the oil market will smooth out the growth of the US currency,” the analysts noted.
Maksim Timoshenko, Director of Financial Market Operations at Russian Standard Bank, believes that August will be held in conditions of increased volatility in the foreign exchange market. “However, it is still unlikely to see the dollar at ₽100. The most likely scenario is the corridor of ₽90-95,” Tymoshenko predicted.
#dollar #exchange #rate #August #deals #Moscow
2023-08-07 10:35:46
