The settlement dollar exchange rate exceeded 86 rubles for the first time since September 9
Quick Look
- The settlement exchange rate of the dollar rose above 86 rubles for the first time since September 9.
- After the suspension of dollar trading on the Moscow Exchange in the summer of 2024, the cross-rate through the yuan became the benchmark for over-the-counter trading.
- By 11:36 Moscow time, the rate increased by 44 kopecks to 86.02 rubles.
AI-generated summary
Why It Matters
After the suspension of dollar trading on the Moscow Exchange in the summer of 2024, the settlement rate of the dollar is determined through a cross rate using the yuan as an intermediate currency.
Brief retelling from RIA II
The settlement exchange rate of the dollar rose above 86 rubles for the first time since September 9.
After the suspension of dollar trading on the Moscow Exchange in the summer of 2024, the main reference point for over-the-counter trading in American currency for rubles became the cross rate of the dollar through the yuan.
MOSCOW, October 6 - RIA Novosti. The settlement rate of the dollar, which is a benchmark for the over-the-counter market, rose above 86 rubles - for the first time since September 9, follows from trading data.
By 11.36 Moscow time, the dollar exchange rate jumped by 44 kopecks relative to the previous close - to 86.02 rubles.
After the suspension of dollar trading on the Moscow Exchange in the summer of 2024, only the yuan exchange rate is truly representative for the ruble, exchange trading for which runs from 9.00 to 19.00 Moscow time. It is during these hours that it is possible to calculate the dollar exchange rate through the dollar to yuan exchange rate on Forex and the yuan to ruble exchange rate on the Moscow Exchange.
Open Questions
- How long will the dollar continue to rise?
- What measures can be taken to stabilize the ruble?
