In October, operations on the exchange of cash dollars and euros decreased by a third

In October, the number of exchange transactions with cash dollars and euros decreased by 28%. The number of non-cash currency exchange transactions remained almost unchanged. This was reported by TASS with reference to a study by Russian Standard Bank.

According to the bank, in the ratio of cash and non-cash currency exchange transactions, the preponderance remains in the direction of cash. In October, 72% accounted for cash transactions, 28% for non-cash transactions. Bank analysts note that in September the share of cash exchange was 78%, non-cash – 22%.

According to Russian Standard estimates, non-cash exchange is the leader in terms of the share of the total amount of currency exchange, it accounted for 79% against 21% of cash exchange. In September, these figures were lower: the share of non-cash exchange was 71% against 29% of cash.

“One of the main trends of last October is that the demand for online currency exchange among Russians is not decreasing amid a decrease in interest in cash currency transactions. Thus, according to Russian Standard Bank, the total number of non-cash foreign exchange transactions last October remained virtually unchanged compared to September 2022. At the same time, the number of conversions in branches decreased by 28%, respectively,” the Russian Standard said in a statement.

The most popular currency to exchange in October was dollars. The exchange of dollars accounted for 72%, for the euro – 28%. The average check when buying cash in dollars was about $1025, when selling – $402. When buying cash in euros, the average check amounted to €897, when selling cash – €604.

Olesya Pavlenko