The expert predicted the ruble exchange rate this week
During the week, price fluctuations are expected in the range of 80-86 rubles per dollar, 89-96 rubles per euro and 10.85–11.80 rubles per yuan, according to Spartak Sobolev, head of Research and Investment Strategies at Alfa-Forex. He told Izvestia about this on April 14.
On April 12, the Central Bank of the Russian Federation set the exchange rate of the American currency at 84 rubles, the European currency at 96.2 rubles, and the Chinese currency at 11.4 rubles. At the same time, according to the Moscow Stock Exchange, on April 11, the yuan is trading at 11.44 rubles.
"The current strengthening of the ruble is explained by the weakness of the dollar in the global foreign exchange market, which is reflected in the decline of its index (DXY) to the levels of April 2022 (99 points) and the massive sale of US government bonds last week," Sobolev explained.
According to him, the decline in oil prices below $60 per barrel of Brent has not become sustainable, and the ongoing negotiations between Russia and the United States on geopolitical issues inspire optimism regarding ruble assets.
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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