The expert predicted the ruble exchange rate this week
By mid–April, exchange rates are expected to recover within the following ranges: 82.5–89.50 rubles per dollar, 90-97 rubles per euro and 11.2-12.2 rubles per yuan, according to Spartak Sobolev, head of Research and Investment Strategies at Alfa-Forex. He told Izvestia about this on April 7.
On April 5, the Central Bank of the Russian Federation set the exchange rate of the American currency at 84.2 rubles, the European currency at 92.9 rubles, and the Chinese currency at 11.6 rubles. At the same time, according to the Moscow Stock Exchange, on March 24, the yuan is trading at 11.5 rubles.
"The national currency is experiencing the main pressure due to the sharp decline in oil prices, which will increase the negative economic effect in the second quarter of this year," Sobolev summed up.
Ivan Efanov, an analyst at Cifra Broker, told Izvestia on February 25 that, in addition to geopolitics, the strengthening of the ruble was influenced by an increase in net sales from exporters and a high key interest rate. In turn, Mikhail Zeltser, an expert on the stock market at BCS World Investments, clarified that at the beginning of 2025 there were too many speculative bets against the ruble on the market, which eventually burned down, which increased the collapse in foreign exchange rates.
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