Dollar for the first time in history rose above 50 rubles

Dollar for the first time in history rose above 50 rubles

29 November 2014, 14:46
Vasilii Apostolidi
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On Friday evening, 28 November, at the Moscow stock exchange dollar and the euro set a new record. The US currency has risen above 50 rubles. per dollar, the European currency - above 62 rubles. per euro. This occurred against the backdrop of a sharp drop in oil prices
 

At 21:50 of the US currency was allowed to 50.01 rubles. At the same time, the euro climbed to 62.155 rubles. per euro. After that, there was a slight rebound, as of 22:17 MSK dollar exchange rate was fixed at 49.9605 rubles., The euro - at around 62.201 rubles.

The jump rates occurred against the backdrop of a sharp drop in oil prices. The price of Brent as of 21:59 MSK was $ 70.02 per barrel of WTI as of 21:45 MSK - $ 66.06 per barrel.

Economic Development Minister Alexei Ulyukayev in an interview with Channel One said that the sharp drop in fuel prices and the consequent depreciation of the ruble - not a reason to panic. According to Ulyukayev, the population is not worth urgently change rubles for dollars. "Reason tells us that any throwing our own, if we try to convert rubles into dollars, dollars to rubles contrary, twice enrich those who help us, we provide the appropriate services. That is in addition to the banks, and we will earn yourself feel good, "- said the minister.

The rapid fall in oil prices occurred after November 27 member countries of OPEC refused to lower production quotas, leaving it unchanged at 30 million barrels per day. The next meeting of OPEC is scheduled for June 5, 2015.

The official US dollar exchange rate announced by the Central Bank of Russia on November 29 was 49.3220 rubles. per dollar, European - 61.4108 rubles. per euro.

Earlier, commenting on the dynamics of exchange rates in the light of falling oil prices, a number of experts called the real level of 50-55 rubles. per dollar.

In particular, the co-chairman of the Board of Directors of IC "Third Rome" Andrei Movchan said that next year's budget been drawn up on the basis that oil will cost $ 100 per barrel and the ruble - 35 rub. / US $. "That is the price of a barrel of 3 thousand rubles. 500 rubles. Accordingly, when the price falls to $ 70 ruble should cost 50 rubles. / US $. Adjusted for inflation, the rate at which the budget should be balanced, is 50-55 rubles. / Dollar. "- He said.

In turn, the chief economist at Alfa Bank, Natalia Orlova believes that the end of the year, the ruble will cost 41 rubles. per dollar. "This is a fundamental assessment of the Russian currency - she said. - Our forecast is based on the fact that the market will come from exporting its foreign currency earnings. The forecast for 2015 is 42 rubles. for a dollar. "

In a review of Raiffeisenbank noted that a fair average exchange rate of 55 rubles. the dollar for an average oil price of $ 70 per barrel and 60 rubles. per dollar - at $ 65 per barrel, which indicates the presence of potential for further weakening of the ruble.

Economic Development Minister Alexei Ulyukayev said that his department plans to change the outlook for the oil price in 2015. The minister said that he believes the equilibrium price of $ 80 per barrel. Ministry of Economic Development is preparing a new forecast of macroeconomic development in Russia, which will take account of lower oil prices compared with those laid down in the forecast.

At the same time, the president of "Rosneft" Igor Sechin predicted fluctuation oil prices at the end of next year, ranging from $ 70 to $ 75 per barrel. "I think that on average at the end of 2015, it can range from $ 70 to $ 75," - he said today. Igor Gerasimov
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