There is still a fight for the reading of 60 rubles per dollar. At the beginning of the year it seemed to be impossible, but at the moment the currency pair’s price is regularly changing. However, the exchange rate has not consolidated yet. The situation with the ruble and the euro is completely different. The Russian ruble regained footing and grew by 1.2% to 63.80 rubles per euro. Analysts were surprised by such movement of the exchange rate taking into account the falling oil prices. Usually, the ruble correlates with oil prices but at the moment their readings vary. Analysts made a conclusion that the ruble’s fluctuations correspond to the financial market situation. Commodity currencies such as the Australian dollar and the Canadian dollar also sustain losses. The Australian dollar dropped by 1.7% while the Canadian dollar tumbled by 1.4%. The economic situation in Russia is rather difficult. In February the unemployment rate advanced by 5.8%. Since the beginning of the year, 127,000 of Russians have lost their jobs and in February the number of unemployed people amounted to 4.4 million. In February real income declined by 0.6%. However, there is good news that average monthly earnings expanded by 5.2%.
