Euro for October. Dynamics of the US dollar exchange rate. Factors influencing US currency quotes

Constantly monitors Euro to ruble exchange rate. Below is a report on changes in the Euro exchange rate during October 2017. You will find information such as cost Euro for every day in October 2017, the minimum, maximum and average cost of Euros. Price Euro is the market weighted average (for fiat currencies the rate of the Central Bank of the Russian Federation is given).

Euro to ruble exchange rate chart for October 2017

Below is Euro to ruble exchange rate chart for every day for October 2017. Average price Euro calculated as a weighted average price of Euro on the market. For national currencies, the graph shows the exchange rate of the Central Bank of the Russian Federation.

Euro to ruble exchange rate table in October 2017

Euro to ruble exchange rate table in October 2017 includes the Euro exchange rate for each day and changes in the Euro exchange rate. The change in currency value is calculated in absolute terms, that is Euro price change in rubles, and in relative values, that is change in Euro value as a percentage.

Minimum, maximum and average Euro to ruble exchange rate in October 2017

The table shows minimum, maximum and average Euro to ruble exchange rate in rubles in October 2017. For the minimum and maximum rates, the date on which this rate fell is indicated.

In October 2017 Euro cost in rubles varied in the range from 67.2179 RUB to 68.5032 RUB with an average value of 67.8489 RUB. At the same time, the minimum average daily price per Euro was recorded on October 31 (67.2179 RUB), maximum value of the Euro in October 2017 dated October 12 and amounted to 68.5032 RUB. Hesitation Euro exchange rate within a month 1.2853 RUB.

U.S. dollar is the official currency of the United States of America. Bank code is USD. Denoted by $. 1 dollar is equal to 100 cents. The denominations of banknotes in circulation are: 100, 50, 20, 10, 5, 2 (a relatively rare banknote), 1 dollar, as well as coins of 1 dollar, 50, 25, 10, 5 and 1 cent. In addition, there are banknotes in denominations of 500, 1,000, 5,000, 10,000 and 100,000, which were previously used for mutual settlements within the Federal Reserve System, but have been no longer issued since 1945, and since 1969 have been officially withdrawn from circulation because They were replaced by an electronic payment system. The name of the monetary unit, according to the most common version, comes from the medieval thaler coin minted in Germany.

Traditionally, the obverse of the US dollar features images of presidents and political figures of the United States. On modern banknotes these are Benjamin Franklin - 100 dollars, Ulysses Grant - 50, Andrew Jackson - 20, Alexander Hamilton - 10, Abraham Lincoln - 5, Thomas Jefferson - 2 and George Washington - 1 dollar. The reverse side depicts historical monuments: 100 dollars - Independence Hall, where the Declaration of Independence was signed, 50 - the Capitol, 20 - The White house, 10 – US Treasury, 5 – Lincoln Memorial in Washington. The $1 bill has a special design on the back consisting of a double-sided image of the so-called Great Seal of the United States, used to authenticate government-issued documents and kept in Washington.

It is believed that to counteract the printing of counterfeit dollars, the design must be changed at least once every 7-10 years. Moreover, absolutely all US banknotes issued since 1861, when money was first issued in paper form, are legal tender in the United States.

The first decision to issue US dollars was made by Congress in 1786, and in 1792 they became the main currency of the state. Since 1796, the principle of a bimetallic monetary unit was introduced, that is, both silver and gold coins were minted. Moreover, each time, as a result of a change in the price ratio of two precious metals, either one or the other coins disappeared from circulation. Until 1857, foreign money (primarily Spanish pesos and later Mexican dollars) also served as legal tender in the United States.

In 1900, the gold standard law was passed. At this point, 1 dollar corresponded to 1.50463 grams of pure gold. In 1933, it was devalued for the first time by 41% as a result of the Great Depression. A troy ounce of gold now costs $35.

At the end of World War II, as a result of the Bretton Woods Agreement, the dollar became the only monetary unit, exchanged for gold, while the rates of other world currencies were tied to the American one. At the same time, in the post-war years, the United States became the main creditor of Europe. Thus, the US dollar became the world's currency of account and took its place in the reserves of central banks.

However, by 1960, chronic US budget deficits led to the fact that the number of dollars owned by creditors around the world exceeded the size of the gold reserve. The crisis of 1969-70 complicated the situation. As a result, in 1971, the exchange of dollars for gold was finally stopped after a corresponding statement by President Richard Nixon.

During the 1970s, the dollar depreciated. The situation was aggravated by the crisis of 1975-76. In 1976, as a result of an international agreement, a new one was created - the Jamaican currency system, which finally legitimized the abandonment of gold backing of currencies.

The strengthening of the dollar in the 1980s put American manufacturers at a disadvantage relative to other countries. As a result, it was decided to devalue the dollar by cutting interest rates. And by 1991, it was possible to actually halve the exchange rate against the Japanese yen, pound and German mark.

In 1992, as a result of a fall British pound Sterling and the crisis in Europe, the dollar rose in price by almost 30%, but from April 1993 its quotes began to decline again - until 1998, when the dollar weakened significantly against the Japanese yen - from 136 to 111 within three days. This was due to the massive repatriation of funds from Japanese investors as a result of the market crisis developing countries, including default in Russia.

1999-2001 - a period of renewed strengthening of the US dollar, which was stopped by the Federal Reserve, which lowered interest rates to 2% in order to stimulate the economy.

Most important event for the dollar was the creation in 1999 of a single European currency, into which the central banks of many countries - creditors of the United States transferred part of their reserves.

For the summer of 2011, the US dollar is quoted in the range of 1.40-1.46 dollars per euro, 76-78 Japanese yen per dollar and 1.62-64 dollars per pound.

Despite competition with the euro, today the United States currency occupies a leading place in the reserves of central banks. In addition, it remains the main settlement currency between countries in international trade, and is also the base one for payments through payment systems using plastic cards outside the European Union zone, where the euro predominates.

The US dollar is the main currency of the Forex market. Transactions take place through this currency and basic quotes are set.

Experts' opinions regarding the future of the dollar are diametrically opposed. On the one hand, many believe that the collapse of the dollar financial system is inevitable in the near future due to the huge foreign debt of the United States, the largest in the world. As of the summer of 2011, it exceeds $14.5 trillion.

On the other hand, the stability of the dollar is based on high economic indicators. The US economy ranks first in terms of gross domestic product, ahead of China, which is in second position, almost twice. In addition, the high dollar exchange rate is facilitated by the monetary policy of the Federal Reserve System, as well as the faith of investors who keep their assets in American currency and during crises seek to transfer them into dollars, finding refuge in US debt instruments from the elements of a market economy.

Hello, dear guests of the blog site, a new dollar exchange rate forecast for October 2017 has been compiled for you. Before moving on to the numbers, let's first look at the factors influencing the value of the American currency.

Surely you already know that the American economy is based on consumption; Americans benefit from their currency being expensive and popular among citizens of other countries.

Today, the dollar occupies a leading position and is the most popular currency in the world. this moment. Due to the fact that this currency has high liquidity, it provides speculators with ample opportunities for making money. The exchange rate of the American currency depends on large quantity factors, including the unemployment rate in the country, the rate of inflation, and so on.

Factors influencing US currency quotes

The quotes of the American currency are influenced by a number of factors, including:

This was only a small part of the factors influencing the value of the dollar. Here you can add the size of GDP, the external debt of the state, measures taken by the government, and so on.

US currency exchange rate forecast for October 2017

Most experts claim that the dollar exchange rate in October 2017 will be mainly influenced by the price of black gold. Also, the quotes of the domestic currency may be affected by the possible weakening of sanctions against our country or the introduction of new ones.

It is important to remember that it was the United States that initiated the fall in oil prices, so they will try with all their might to prevent an increase in oil prices in the future.

If prices for black gold fall in October 2017, this will have a negative impact on the domestic economy, since a significant part of our state’s income comes from the sale of black gold. In this state of affairs, the ruble quotes will most likely fall against the dollar.

IN Lately The domestic government made a lot of efforts to establish supplies of black gold and natural gas to Asian countries. If we manage to increase the volume of oil supplies in this direction, the Russian budget will receive an additional influx Money, and, consequently, the exchange rate of the American currency against the ruble will decrease.

When creating the dollar exchange rate forecast for October 2017, analysts took into account all the factors mentioned above. According to leading analysts, in the first weeks of October, the value of the American currency may increase to 64 rubles per US dollar.

Analysts assure us that after the dollar’s ​​value increased at the beginning of the month, it will begin to fall and by the end of the month will reach 62 rubles per US dollar. Thus, the average price of the dollar in October 2017 will be 62 rubles per US dollar.

It should be remembered that this forecast of changes in the value of the American currency is preliminary and is based on the assumption that the price of black gold will fall at the beginning of the month, but then its quotes will begin to gradually increase. Whether the analysts' assumptions come true or not, time will tell. You should remember that even the most experienced experts make mistakes from time to time.

It is important to remember that this forecast is compiled for informational purposes and is not a guide to action.

The American dollar, which consistently fell in price against the ruble throughout August and early September, began to grow again in the second ten days of the month. Maximum exchange rate for the entire summer season was recorded on August 4, when the official rate was 60.75 rubles. By September 9, the dollar had lost almost four rubles in value, dropping to 57.00 rubles. However, the American currency did not go below this level, but on the contrary, began to grow smoothly. What will happen to the dollar in the second half of September and October 2017, what is the opinion of experts on this matter - the forecast for the US dollar to ruble exchange rate is presented below.

Dollar exchange rate forecast for the second half of September 2017

As analysts expect, in the near future we should expect continued growth in the exchange rate of the American dollar against the Russian ruble. One of the reasons for this is that the Russian economy, according to the Central Bank of Russia, in July showed its worst trade balance in more than 14 years! Our country's dollar incomes are falling, but expenses are rising. And the import-export ratio of 20.8 versus 24.7 billion dollars, respectively, is the worst since April 2003.

Yes, there is an influx of foreign currency in the form of private investment into the Russian economy, but this factor is quite fragile. If Western investment companies are prohibited from investing in Russian federal loan bonds due to further sanctions, this stream of money will instantly dry up.

The sentiment on the stock exchange also speaks about expectations of exchange rate growth.

Futures, that is, contracts deferred in time, for the dollar-ruble pair, are actively being bought by players, both individuals and organizations, and this indicates that both are waiting for the dollar to rise in Russia.

As for specific forecasts for the rest of September, analysts from the APECON agency offer the following forecast for the dollar exchange rate for the second half of September 2017 in Russia:

• already by September 20 the dollar may rise in price to 59.07 rubles,
• To September 25 the dollar exchange rate will fall to 58.17 rubles.
• course for September 30th – 57.17 rubles.

As we can see, so far experts believe that the strengthening of the dollar will be noticeable, but short-lived.

Dollar exchange rate forecast for October 2017

As for forecasts about what will happen to the dollar in October, the same APECON analysts are still predicting a final depreciation for the dollar at the end of the month. Opening the month with a value of approx. 57.17 rubles, the dollar by the end of October will fall in price to 56.38 rubles. Fluctuations during the month are possible in the range from 55.53 to 57.23 rubles.

As happens with most APECON forecasts, closer to the beginning of October, as well as as the month progresses, it will be adjusted, perhaps quite significantly.

Other experts, although they do not talk about likely exchange rates in a given month, generally expect the dollar/ruble exchange rate to return to the level of 60-61 rubles by the end of the year.

Dollar exchange rate forecast for October 2017 from September 30

The latest forecast by APECON experts, made at the very end of September, confirms their earlier conclusions about the fate of the dollar and ruble in October. The expected exchange rate at the beginning and end of the month has changed very little. Let's take a closer look at how, according to analysts, events on the currency exchange will develop in October:

• at the opening of the month, on Monday, October 2, the dollar exchange rate will be set on the 3rd day at 57.13 rubles(the difference with the older forecast above is 4 kopecks),
• at the end of the first week of the month, October 7, the dollar will cost 57.62 rubles,
• based on the results of the second week of October, on the 14th - 57.40 rubles,
• the third week will end with the dollar exchange rate on October 21 57.71 rubles,
• the fourth week of October will end with the dollar exchange rate on the 28th around 57.56 rubles,
• the month will close with the dollar exchange rate on November 1 at the level 56.53 rubles(difference from earlier forecast – 15 kopecks).

Thus, for now, analysts are not inclined to expect another sharp rise in the dollar exchange rate. The ruble will remain at a fairly stable level against the American currency with a tendency towards some strengthening - within a month the dollar may fall in price by about 60 kopecks.

Experts expect a weakening in October national currency and do not deny the possibility that the dollar could rise to 70–80 rubles.

Dmitry Golubovsky, analyst at Kalita-Finance Financial Group:

In recent weeks, there has been a decline in interest in emerging markets. The decline is due to the fact that, judging by the comments of Fed representatives, the consequences of hurricanes in the United States and relatively weak macroeconomic indicators have not yet led to a revision of the course to tighten monetary policy. In the summer, the dollar weakened against major currencies on such expectations. In addition, political stabilization in the EU after Macron's victory in the French elections contributed to his weakness. Now the political agenda in the EU has once again taken on an alarming tone. The relative success of the far right in Germany, now there is also a referendum in Catalonia. The euro is under pressure again.

So far the situation is in favor of dollar growth across the entire FOREX spectrum.

So far the situation is in favor of dollar growth across the entire FOREX spectrum. Both for the currencies of developed and developing countries. This trend will also be observed in relation to the ruble. At the same time, the ruble can remain stable against the euro.

To summarize, the ruble will weaken moderately against the dollar in October and will likely return to around 60 per dollar towards the end of the month. The ruble/euro exchange rate will probably not change much. Both currencies will weaken against the dollar together.

Sevak Araratyan, analyst at Shumakov and Partners:

We should expect a weakening of the national currency in the fall. Now the Central Bank of the Russian Federation is artificially covering the budget deficit with funds from the Reserve Fund, and the Central Bank is doing this for the sake of the rating of “United Russia” in the State Duma elections. According to a number of analysts, only the authorities’ concern about the election result is keeping the ruble from falling. This opinion is not groundless, however, one should not expect a sharp devaluation of the ruble and a second “Black Tuesday”. The weakening of the Russian currency is likely to be within 10–15%.

The potential for the ruble to fall is almost unlimited. The current ruble to dollar exchange rate is very low. The ruble could start falling now, but there is a powerful selective factor. The peak of the ruble's fall will occur in November-December. Chief researcher at the Institute of Economics of the Russian Academy of Sciences Nikita Krichevsky predicts the beginning of devaluation in September - immediately after the elections.

The market exchange rate of the ruble may be lower than the current level not only because oil has long cost less than $50.

The fact that the current ruble exchange rate is not at the level of 64–66 rubles per dollar is explained by the artificial restraint of the authorities. The market exchange rate of the ruble may be lower than the current level not only because oil has long cost less than $50. The main risk factor is the depletion of Russia's reserves in 2017, the likelihood of which is openly stated in the Russian government. This creates devaluation pressure on the ruble and creates negative expectations, which are already reflected in the growth of foreign currency deposits, even against the backdrop of extremely low rates on foreign currency deposits.

Therefore, today the main reason for holding the ruble exchange rate at the current level is image-related. After all, if the ruble will fall before the elections, no administrative resource will help to collect an acceptable minimum of votes for United Russia. And until the end of the election race, the monetary authorities have to keep a good face on a bad game. This is a typical situation before every election that took place in Russia during periods of economic recession.

Many analysts agree that the dollar could rise to 70–80 rubles in the fall, but there are also more pessimistic forecasts. However, in my opinion, everything will not be so bad.

Among the factors influencing the value of the ruble in the future are not only the policies of the Russian government before the elections, but also the current price of oil, elections in the United States, which will determine the future financial policy of this country, and the economic situation in China.

Considering the good statistics that have been noted recently in the eurozone, we should expect that the euro will strengthen against the Russian currency more than against the American currency.