The expert predicted the movements of the ruble exchange rate this week

By the end of the week, dollar trades are expected in the range of 77.50–82 rubles, euro 89-95.50 rubles, yuan 10.80–11.50. Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research department, told Izvestia on October 28.

On October 27, the Central Bank of the Russian Federation set the exchange rate of the American currency at 80.9 rubles, the European currency at 94 rubles, and the Chinese currency at 11.3 rubles. At the same time, according to the Moscow Stock Exchange, on October 27, the yuan is trading at 11 rubles.

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"Since the opening of the weekly session, the Russian currency has been playing out the main support factor from the monetary policy of the Bank of Russia. In its medium-term forecast, the regulator signaled a longer retention of tight monetary conditions, maintaining high demand for it," Sobalev added.

He clarified that additional pressure on foreign currency may be exerted by tax payments, as well as difficulties in restoring imports due to Western sanctions.

Earlier, on October 14, Maxim Chirkov, Associate professor of the Department of Economic Policy and Economic Measurements at GUU, told Izvestia that the decline in the estimated dollar exchange rate below 80 rubles indicates the fundamental undervaluation of the Russian currency and reflects the strengthening of the competitiveness of the domestic economy.

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