As Belyaev explained, the exchange rate "is directly related to the state of the economy of the country it represents."
The expert added that the European economy, according to forecasts, “should be weaker” due to the rise in energy prices, inflation and crisis phenomena.
“But because of the warm winter, the economy was in a more favorable position ... On this, the euro exchange rate was kept in the post-New Year period, and now the “bonds” have weakened,” the economist said.
He stressed that the European Union is beginning an active selection of energy reserves from storage facilities, while inflation is still high.
“These factors have determined that the euro, whose exchange rate turned out to be overvalued after the New Year period, is now falling down - to more adequate levels,” the RT interlocutor concluded.
Earlier it became known that the euro exchange rate on the Moscow stock exchange fell below 76 rubles for the first time since January 31.
The euro exchange rate by calculations "tomorrow" at 11:06 Moscow time fell by 94 kopecks, to 75.96 rubles - the minimum since January 31.