“Since January, the dollar has fallen by a quarter! Why? Has the American currency become less reliable? Is it time to switch savings to euros?” — Konstantin Ziyatdinov for Sobaka.ru
Over the past few months, the dollar exchange rate has dropped significantly—losing 10 rubles just this spring. And the decline hasn’t stopped there. Why isn’t the same thing happening with the euro? Is the American currency losing its reliability? Will we see the dollar at 60? Konstantin Ziyatdinov, Head of the Private Clients Department at Prime Advice Consulting Group, responds.