The expert predicted the ruble exchange rate this week

During the week, price fluctuations are expected in the range of 82.5–93 rubles per euro and 11.4 rubles per yuan, said Alexander Schneiderman, head of Alfa-Forex's customer support and sales department. He told Izvestia about this on May 27.

On May 27, the Central Bank of the Russian Federation set the exchange rate of the American currency at 79.6 rubles, the European currency at 90.4 rubles, and the Chinese currency at 11 rubles. At the same time, according to the Moscow Exchange, on May 26, the yuan is trading at 11.1 rubles.

"At the end of spring, the ruble slowed down its strengthening, remaining stable against the background of stable oil prices, high export earnings and continued control over foreign exchange flows. Since the beginning of the year, the dollar has fallen by 20.5%, the euro by 13.5%, and the yuan by 19.5%. The currency has gained a foothold near the lower end of the range in recent months," Schneiderman said.

According to him, the stability of the ruble is supported by the current parameters of currency control, seasonal growth in tax payments and a positive trade balance. These factors are enough for the dollar to temporarily drop below 80 rubles, and a move to 78-79 rubles looks justified. The growth potential of the dollar, euro and yuan is limited by the levels of 82.5–93 and 11.40 rubles, respectively, by the end of the week.

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.