Euro's official exchange rate plummets to 93 Russian rubles
Rewritten Article:
The ruble's value against major foreign currencies has seen a shift, as the Bank of Russia announced changes in exchange rates effective tomorrow, April 29, 2025. The euro's rate will take the biggest hit, dipping 1.18 rubles to a new rate of 93.1801 rubles. The greenback, too, will see a decrease of 10.82 kopecks, settling at 82.5467 rubles. The Chinese yuan, meanwhile, will depreciate by 7.45 kopecks, reaching 11.2761 rubles.
🔍 extra insight: These shifts in currency exchange rates reflect broader economic and market dynamics, with the Bank of Russia adjusting rates in response to global trends and monetary policies. As of recently, the official exchange rate for the euro has been 91.9169 rubles (May 7, 2025)[3] and 92.1439 rubles (May 8, 2025)[3]. The US dollar's rate was 80.9644 rubles (May 7, 2025)[3] and 80.8612 rubles (May 8, 2025)[3]. The Chinese yuan's rate, on the other hand, was revised to 11.2016 rubles (as of April 30, 2025), marking a slight adjustment from its rate on April 29, 2025 (11.2761 rubles)[2]. The specific causes behind these adjustments on or around April 29, 2025, are not fully detailed in the available information.
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Cheers,Elena Volodina
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The Bank of Russia's adjustments in exchange rates, including a drop in the euro's rate, might impact the finance and banking-and-insurance industries, as they heavily rely on international transactions. The depreciation of the Chinese yuan could also potentially influence the industry, given China's significant role in global commerce.
