The euro is worth more than 100 rubles for the first time since March 2022

According to the Moscow Stock Exchange, the US currency crossed the 92 ruble mark today, July 6, for the first time since March last year. The euro is already worth more than 100 rubles.

The day before, the dollar also beat the March high of 2022. Since the beginning of the year, the ruble has lost almost 32%. And historical highs are not the limit, analysts say. In July, the US currency will rise in price even more, economists threaten. The Russian currency is under pressure due to a reduction in export revenue. In addition, the rate is affected by increased budget expenditures. In the future, it is predicted that the ruble will continue to fall, and the dollar exchange rate will reach 100 rubles, the euro will rise to 110 rubles.