Expert forecasts ruble exchange rate in mid-December

In mid-December, the dollar exchange rate will be at the level of 96.5-102.5 rubles, euro - 100-106.5 rubles, yuan - 13.3-14.1 rubles, believes Spartak Sobolev, head of the department of research and investment strategies of Alfa-Forex. He told "Izvestia" on December 10.

The Russian Central Bank set the dollar rate at 99.3759 rubles on December 10, the European currency -105.0996 rubles, the Chinese currency - 13.524 rubles. The yuan is trading around 13.63 rubles, according to MosBirch.

"The Russian currency has formed a powerful growing momentum since the onset of winter due to the accumulated effect from the sale of export proceeds of large export companies. Weighty support for the ruble has also come thanks to the refusal of the Bank of Russia from the purchase of foreign currency," Sobolev noted.

According to him, the national currency retains fundamentally strong positions with the possibility of strengthening against world currencies until the end of this year.

"The bullish rally of the dollar, euro, yuan has run out of steam. By mid-December, the current trading ranges of the dollar, euro and yuan have been formed, they are 96.5-102.5 rubles, 100-106.5 rubles and 13.3-14.1 rubles, respectively," the expert concluded.

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Earlier, December 6, the head of Sberbank German Gref said that there is no room for a serious weakening of the ruble. In his opinion, the dollar rate at the end of the next year, 2025 will be approximately 112-115 rubles. At the same time, he admitted that so far some weakening of the national currency is indeed present, but no surprises are expected: the ruble exchange rate will fluctuate depending on the situation.