The expert predicted in early January the dollar rate in the region of 100-107 rubles

In late December - early January, the dollar exchange rate will be within Br100-107, while the yuan - Br13.5-14.8, says Vladimir Bragin, Director for Analysis of Financial Markets and Macroeconomics at Alfa Capital Management Company. 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. According to Mosbirzhi, the yuan is trading around 13.686 rubles.

The expert suggested that the purchase of currency by the Ministry of Finance in December will not put pressure on the ruble

"The ruble exchange rate has partially recovered losses, having strengthened to below 100 per US dollar at the official rate of the Central Bank and to 13.6 to the Chinese yuan. We believe that the main support factors were the saturation of demand after a sharp increase in the previous week and verbal interventions, including from Finance Minister Anton Siluanov about the short-term nature of the ruble weakening due to sanctions and active sales of currency by exporters," - said Bragin.

At the same time, according to him, the market remains volatile. Significant movements of the national currency exchange rate are possible both in the direction of decline and strengthening on the horizon of the next few months.

"Such strong fluctuations are due to the shallower depth of the market in terms of liquidity. Moreover, the suspension of foreign currency purchases by the Central Bank, as we noted earlier, is not enough to saturate the market and turn the exchange rate to strengthening. In the coming months, while banks are adapting to the new sanctions and looking for alternative mechanisms for currency settlements, the exchange rate is likely to continue to fluctuate. We believe that the range will be quite wide, within Br100-107 per dollar, Br13.5-14.8 per yuan," Bragin concluded.

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What else the authorities can do to stabilize the exchange rate and whether they will maintain it

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.