How The Dollar And Euro Have Risen In Price

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How The Dollar And Euro Have Risen In Price
How The Dollar And Euro Have Risen In Price

Video: How The Dollar And Euro Have Risen In Price

Video: How The Dollar And Euro Have Risen In Price
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How can Russians keep their savings - in dollars, euros or national currency? This question constantly torments fellow citizens, given the fact that these foreign "guests" are fickle. So in June 2012 everyone felt the appreciation of the currency.

How the dollar and euro have risen in price
How the dollar and euro have risen in price

Instructions

Step 1

On June 1, the dollar gained about 40 kopecks on the MICEX-RTS. As a result, the trading session ended at 33.48 rubles per dollar. In turn, the European currency also began to grow by leaps and bounds: at 11 am Moscow time, the euro rose by 46 kopecks and left 41.88 rubles.

Step 2

However, this situation did not cause panic among the population. Nobody noticed the queue for buying currency. Analysts note that the growth of the dollar and especially the euro is quite typical for the summer-autumn season.

Step 3

The last trades in May were among the worst in recent years, as the euro and the dollar rose by 80 and 72 kopecks, respectively. Now the Central Bank is trying to restrain the weakening of the national currency, which recently for the first time since January was able to enter the market with foreign exchange interventions.

Step 4

The Russian ruble falls amid falling oil prices. On June 1, Brent crude fell in price to $ 100.7 per barrel. Thus, oil prices in the last month of spring fell by almost $ 20.

Step 5

In general, the situation on the world market still remains unstable, but both analysts and ordinary citizens are used to it. Immediate forecasts are quite optimistic: the euro and the dollar will be about the same value as before. However, by mid-June, analysts from investment companies still promise an increase in the euro rate against the dollar (0.1%), respectively, the ruble against the dollar will fall by 0.8% (by 25 kopecks), and against the euro - by 0.7%.

Step 6

The only fears of investors who are withdrawing money from assets that seem suspicious to them are government bonds of Germany and the United States, whose yields fell sharply in May 2012. Uncertainty on world markets is also increasing thanks to the upcoming parliamentary elections in Greece. Their results will be known in the near future, which means that the situation on the world market may begin to stabilize.

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