The expert predicted the ruble exchange rate this week

During the week, price fluctuations are expected in the range of 78.5–85 rubles per dollar, 88-94 rubles per euro and 11-11.5 rubles per yuan, according to Spartak Sobolev, head of Research and Investment Strategies at Alfa-Forex. He told Izvestia about this on May 12.

On May 8, the Central Bank of the Russian Federation set the exchange rate of the American currency at 80.8 rubles, the European currency at 92.1 rubles, and the Chinese currency at 11.1 rubles. At the same time, according to the Moscow Exchange, on May 8, the yuan is trading at 11.2 rubles.

"The market remains positive after a long holiday weekend due to an optimistic geopolitical agenda, as well as a confident recovery in oil prices," Sobolev summed up.

Spring growth: why the ruble soared against the yuan

The Russian currency has strengthened by 20% in three months and continues to grow

On April 8, the Central Bank of Russia reported that the ruble strengthened in March due to a good trade balance and demand for ruble assets. At the same time, it is noted that due to the geopolitical situation and signals of maintaining tight monetary policy, the Moscow Exchange index showed negative dynamics at the end of the month.