The ruble exchange rate will start to weaken after 80 per dollar

The dollar exchange rate at the auction on March 17 sank below 82 rubles for the first time since June 2024. The ruble also strengthened against other currencies, to 91.5 per euro and 11.5 per yuan. His position has noticeably strengthened against the background of news about the upcoming conversation between the presidents of the Russian Federation and the United States, Vladimir Putin and Donald Trump, which is expected to take place on March 18.

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One should not rule out a decline in the dollar exchange rate to around 80 rubles on a wave of euphoria due to positive news on the Ukrainian conflict, the expert added. Nevertheless, this jump for the ruble will be short—term - there are no strong prerequisites for such a strong strengthening of the national currency.

"The geopolitical detente is attracting investors to Russian assets, which is why the influx of foreign money into the market has increased. The more they are, the cheaper they are relative to the ruble," explained Natalia Pyrieva, a leading analyst at Digital Broker.

The fluctuations in the ruble exchange rate also depend on the technical indicators that are displayed on the charts and which traders are guided by, Finam said. Usually, investors stop selling an asset if its price drops to a psychologically significant level. After that, they start buying again and the price goes up. In the case of the dollar, such a milestone will be at the level of 80-82 rubles — when it reaches this mark, the strengthening of the ruble will stop, the expert concluded.

Read more in the exclusive Izvestia article:

Redoing dreams: the dollar may drop to 80 rubles