This Tuesday, Banco of Rússia released the official exchange rates for March 24th. The US dollar closed the day at 81.8763 rubles, which represents a drop of 2.53% compared to the previous value of 83.9982 rubles. The euro also lost strength and was fixed at 94.7264 rubles, falling 2.63% compared to the previous price of 97.2886 rubles.
These movements reflect the appreciation of the ruble against the main foreign currencies. The Chinese yuan settled at 11.8709 rubles, down 2.83% from 12.2171 rubles the previous day.
Fall of the US dollar
The dollar accelerated its devaluation in official prices. The US currency lost more than two rubles in just one day.
This reduction follows variations observed in recent sessions in the international market. Participantes of the market closely monitors these daily adjustments.
Retreat recorded in the euro
The euro followed a similar trajectory and recorded a significant loss. The European currency fell to the level of 94.7264 rubles.
This official quote is valid for operations from March 24th. The move occurred amid general adjustments in rates published by the Russian central bank.
Chinese yuan also registers decline
The yuan lost 2.83% and closed at 11.8709 rubles. Essa variation follows the behavior of other currencies.
Investors look to these numbers for decisions related to assets denominated in foreign currency.
Other currencies in official release
The dirham of the Emirados Árabes Unidos was set at 22.2944 rubles. The dollar of Hong Kong appeared at 10.4728 rubles.
These rates complete the set published by Banco of Rússia for March 24th.
Access to investment options
Clients of Russian financial institutions can evaluate exchange-traded funds that concentrate exposure to securities denominated in foreign currencies. An example is the fund focused on income-paying bonds.
These vehicles allow diversification into international assets within the local market.
Central Bank Daily Updates
Banco of Rússia publishes official rates every business day. Essas quotations serve as a reference for operations in the country. Values are calculated based on market data and reflect current conditions.
Quotes for March 24 indicate strengthening of the ruble against the dollar, the euro and the yuan.
