Central Bank exchange rate on September 12. How often is the euro exchange rate updated?
Published 11/13/18 08:18 vid_roll_width="300px" vid_roll_height="150px">The official dollar exchange rate established by the Bank of Russia as of November 13, 2018 is 67.52 rubles, the euro exchange rate today is 76.09 rubles.
The dollar exchange rate at Sberbank today is set at 66.62 rubles. upon purchase and 69.03 rubles. when sold by a bank, the euro exchange rate as of November 13, 2018 is 74.80 rubles. and 77.50 rub. when buying and selling by Sberbank, respectively.
Dollar exchange rate forecast for the week 2018 in Russia: expert opinion
According to currency experts, the dollar will continue to rise intkbbach and further. Today, November 13, the Russian currency is likely to remain under pressure. As the head of the analytical department of Zenit Bank, Vladimir Evstifeev, said, even a slight recovery in oil prices will not help the ruble.
Today, the ruble exchange rate, according to Evstifeev, will be in the range of 67-68 rubles per dollar, but there is high risks updates of medium-term highs.
Valentin Zhurba, head of market analysis at Ingosstrakh-Investments Management Company, also speaks of increased volatility in the ruble-dollar pair due to falling oil prices and sanctions rhetoric. He is confident that these same factors will remain dominant in the coming weeks, and the dollar could reach the level of 69-70 rubles.
Before this, the dollar was close to 70 rubles on September 12, 2018, and exceeded it in March 2016.
Analysts note that the ruble has little chance of strengthening in the coming days. The dollar exchange rate will most likely remain in the range of 67-68 per dollar, but the euro-ruble pair has an advantage Russian currency. In this regard, analysts do not rule out a movement towards 75 rubles.
Published 09.12.16 08:05Exchange rates for today, September 12, 2016: The Bank of Russia increased the dollar and euro exchange rates as of September 12, 2016.
vid_roll_width="300px" vid_roll_height="150px">The official dollar exchange rate established by the Bank of Russia as of September 12, 2016 is 64.16 rubles, the euro exchange rate today is 72.33 rubles.
The dollar exchange rate at Sberbank today is 62.41 rubles. upon purchase and 67.19 rubles. when sold by a bank, the euro exchange rate as of September 12, 2016 is 70.27 rubles. and 75.43 rub. when buying and selling by Sberbank, respectively.
Dollar exchange rate forecast for the week 2016 in Russia: expert opinion
GK Analyst Forex Club Irina Rogova predicts that the ruble exchange rate on September 12, 2016 will remain under intkbbach influenced by the dynamics of “black gold”, and, according to her, on the one hand, the news background for the oil market is quite positive.
"Earlier it became known about the agreement between Russia and Saudi Arabia aimed at stabilizing energy prices. The oversupply on the world market at the end of August also turned out to be lower than forecast. All this will keep Brent at relatively high levels in the long term,” the Rossiyskaya Gazeta expert quotes.
Rogova notes that in the short term, information on a further increase in the number of operating drilling rigs in the United States may put pressure on quotes. If this trend continues, then Brent oil may continue to decline to the level of 48.30, and this, in turn, will entail an increase in the USD/RUB pair to around 65.00.
At the same time, as the expert notes, “an additional factor of support for the dollar/ruble pair on Monday may be comments from representatives of the US Federal Reserve if they hint aggressively enough at the possibility of raising the rate, even despite the rather weak statistics published recently.” .
Speaking about the euro/ruble pair, here, according to her, there are also chances of renewed growth in the area of the level of 73.20, and here it is worth taking into account the fact that last week during a press conference following the ECB’s decision on monetary policy Mario Draghi said that at this stage they do not see the need to expand stimulus measures. As Rogova notes, this factor, which is favorable for the euro and in pairs with world currencies, also works in pairs with the ruble.
“The market has little doubt that the regulator will make another reduction, as inflation continues to gradually decline. In August in annual terms it amounted to 6.9% versus 7.2% in July. Most likely, the rate reduction will be small - about 0.5%, but short-term and this could put pressure on the ruble,” the analyst sums up.
The US dollar is a safe haven currency that is constantly in flux. Researching fundamental phenomena and determining the trend in the value of the dollar allows investors to have a constant income.
The exchange rate depends primarily on the issuing country (USA), international trade, supply and demand.
Dollar exchange rate for today and dynamics (data Central Bank Russia):
09.05.2019
65.2287
08.05.2019
65.2166
01.05.2019
64.6314
24.04.2019
63.7906
23.04.2019
63.7860
20.04.2019
63.9602
19.04.2019
64.0688
18.04.2019
63.9450
13.04.2019
64.5171
11.04.2019
64.7373
10.04.2019
64.7766
09.04.2019
65.3498
06.04.2019
65.4072
05.04.2019
65.3281
Important: - expert opinions.
What does the dollar exchange rate depend on?
External factors affecting the dollar exchange rate
- Fluctuations in the exchange rate of the American ruble are caused by external reasons, which include investment projects, increasing output money supply, the country’s participation in hostilities, oil and precious metals quotes and the degree of confidence in the currency. The whole world prefers to conduct transactions using US dollars for settlements. But sometimes, major players (Norway, Iran) decide to use another standard, for example, the euro or oil. Lack of trust threatens to reduce the value and collapse of dollar quotes.
- Rising prices for oil and gold lead to the depreciation of the American currency, since the United States is their main consumer. The participation of the United States in international conflicts and even information about this causes immediate fluctuations in the dollar exchange rate.
Internal reasons for changes in the value of the American currency
- The main factor determining the dollar exchange rate in a country is its economic development, depending on the gross domestic product, inflation rate, trade and payment balance ratio, number of unemployed, etc.
- No less important financial indicators banking institutions, which include discount rates, the amount of money in circulation, dividends from government bonds.
- The state of the American ruble is affected by negative natural phenomena and the unstable political situation in the country.
- The exchange rate can vary greatly depending on the coming of one or another party to power. The turbulent situation in the country, the threat of terrorist attacks and strikes lead to an increase in the dollar. A positive foreign trade balance helps strengthen national currency, the fall of the dollar and vice versa. Trade balance is constantly changing and may be seasonal, causing temporary fluctuations in the exchange rate.
- The state can intervene on foreign exchange market and artificially influence the value of the dollar. It all depends on the scale of the authorities’ actions.
- US unemployment data has a very strong impact on all markets. If it has decreased, it means American economy feels good. This means the Federal Reserve will soon begin raising rates. This helps the dollar grow.
Since April 15, 2003, the Central Bank of the Russian Federation has established the official dollar-ruble exchange rate based on the weighted average value established as of 11:30 Moscow time on the previous trading day.
History of the dollar
One version of the origin of the dollar says that this sign appeared back in the 16th century, in the Czech city of Jáchymov. In the 1500s, coins for Rome began to be minted there. The British who came to the Czech Republic borrowed this banknote and called him "thaler". Subsequently, the Americans appropriated this name for their currency, replacing the first letter “t” with “d” and the result was “Daler”.
According to another version, the dollar first appeared in the Scandinavian countries. Historians claim that when the Czech Jáchymov appeared, money with a similar name “Daler” was already in use in Denmark and Sweden, and it was the Czechs who borrowed the name from the Scandinavians, renaming “Daler” to “thaler”.
The dollar symbol "$" is a reworking of the German Thaler symbol. The reverse of the coin depicted a snake entwined around a cross. Subsequently, the snake took the form of the “S” sign, and the cross was transformed into a stripe crossing the letter. Hence the well-known “$” symbol.
An important event in the history of the dollar is that in 1785 it became the national currency of the States of America. America's first mint appeared in 1792. The Americans liked paper money so much that they decided to abandon coins and completely switch to them.
The dollar acquired its green color in 1961, when the printing house that printed money received an order to print a colossal amount. To quickly complete the task, the printing house workers used the paint that was most abundant in the warehouse. From that time on, the color of the dollar became green and never changed. The type of dollar changed very often and became constant in the 20th century.
The dollars depict presidents and prominent figures of the United States. On the banknote: 1$ - George Washington, 2$ - Thomas Jefferson, 5$ - Abraham Lincoln, 10$ - the first Secretary of the Treasury Hamilton, 20$ - Jackson. The 50 dollar bill features Wiliss Simpson Grant, and the 100 dollar bill decorates the portrait of diplomat B. Franklin.
It is forbidden to depict the faces of living politicians on American dollars, since a living politician can ruin the reputation of the national currency with his scandalous actions. In 64 of the nineteenth century, a corresponding law was signed in America.
