USD falls against RUR by 1% during Nov 22-27.
USD falls against RUR by 1% during Nov 22-27. USD fell by 1% during Nov 22-27. On Nov 27 CBR set the official RUR/USD exchange rate at 26.3666. Thus, it dropped by 15 kopek compared to the rate set on the previous working day (Nov 24). During the previous 3 days the USD dropped against RUR by other 13 kopek. Hence, in 4 days USD lost 28 kopek. This fall (the largest in 2006) was caused by the strengthening of EUR against USD on international stock exchange. Such a low USD rate against RUR was witnessed only in Nov 1999. On Jan 9, 2003 official RUR/USD exchange rate made up 31.88. However, afterwards USD started to depreciate against RUR. As a result, during the last 4 years USD weakened against the local currency by RUR 5.53 (21%). Such a fall may have negative impact on Russian export-oriented economy.