The ruble became the leader among the currencies that rose in price against the dollar in April

In April, the ruble topped the ranking of the most expensive currencies against the dollar — its value increased by 8.57%. This became known on May 1 from the data of the stock exchanges.

The top three currencies in this rating also include the Hungarian forint (7.9%) and the Israeli shekel (6.05%), according to RIA Novosti. The Brazilian real (5.36%) and the Norwegian krone (4.41%) were among the five most expensive currencies.

The Indonesian rupiah became the anti—leader of the month, as its value against the dollar weakened by 1.69%.

The ruble may weaken to 85-90 per dollar in the second half of the year. What does this mean for an investor

On April 24, the press service of the Central Bank of Russia (CBR) announced that the members of the board of directors decided to reduce the key rate by 50 basis points to 14.5% per annum. The statement noted that the dynamics of domestic demand has now approached the opportunities for a potential expansion of the supply of goods and services, while the indicators of steady price growth have remained in the range of 4-5% in annual terms.