The dollar is twice as popular among Russians as the euro
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Russians were 2.3 times more likely to exchange dollars than euros. These statistics were provided for the period from January to September 2023.
According to the results of the study, which was submitted to editors “Gazeta.Ru”, Russians more often bought dollars than sold them. There were 8% more such operations. Residents of the country sold dollars 2.2 times more often through mobile applications or online banking.
It should be noted that most euros were purchased online – the share of such transactions exceeded sales by 19%. The average purchase price of euros from banks was €1,011, and the average sale price was €523. Via apps – €8381 and €2398.
In addition, Russians prefer bank branches to mobile applications to purchase currency. Currently, offline transactions are 86% versus 14% online.
This study was conducted by Russian Standard Bank in October 2023. The text analyzed foreign exchange transactions in Russia for three quarters of this year.
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