The expert named the reasons for the dollar's fall
The dollar exchange rate, which is the benchmark for the OTC market, has again fallen below Br90, according to the trading data. The reset of diplomatic relations between the U.S. and Russia, which came into view this week, helps keep the ruble exchange rate below the 90-ruble mark, Spartak Sobolev, head of the investment strategy research department at Alfa-Forex, told Izvestia on February 19.
"After the outburst of market volatility there is a short-term stabilization of prices in the new boundaries of 87-93 rubles, which still retains the potential to strengthen the national currency in the first quarter. Today at Russian forex dealers the dollar is already available at 89.97 rubles," the expert explained.
The Central Bank of the Russian Federation set the U.S. currency rate at Br91.3 on February 19.
Earlier, on February 14, Russian banks told "Izvestia" about the observed increased activity of Russians to buy and sell dollars and euros. At the same time, no significant changes in dirhams, yuan and baht were recorded.
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