Dollar, euro soar to new highs in early exchange trading

March 3, 2014 RBTH, Interfax
The dollar and euro skyrocketed in early Moscow Exchange (MOEX: MOEX) trading on Monday, and the ruble tumbled against the bicurrency basket amid the deteriorating situation in and around Ukraine.

The dollar and euro skyrocketed in early Moscow Exchange (MOEX: MOEX) trading on Monday, and the ruble tumbled against the bicurrency basket amid the deteriorating situation in and around Ukraine.

The dollar began unified trading in the 36.3-37 rubles/$1 range - averaging 36.46 rubles/$1 early on - which was 58 kopecks higher than the currency's last close and 28 kopecks over the official Monday exchange rate.

The euro started off at 50.5 rubles/EUR1, up around 90 kopecks from Friday and about the same amount higher than the official exchange rate for today.

The bicurrency basket ($0.55 and EUR 0.45) leapt 70-75 kopecks to 42.78 rubles.

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