The expert spoke about the movement of the ruble exchange rate this week

The Russian currency looks confident in the autumn trading session that closes this week, with the possibility of strengthening to annual highs of 77.50 rubles per dollar, 88 rubles per euro and 10.80 rubles per yuan. Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research department, told Izvestia on November 24.

On November 24, the Central Bank of the Russian Federation set the exchange rate of the American currency at 79 rubles, the European currency at 90.5 rubles, and the Chinese currency at 11 rubles. At the same time, according to the Moscow Exchange, on November 24, the yuan is also trading at 11.03 rubles.

"Optimism in the national capital market is related to geopolitical factors and will depend on news from the negotiating track of the United States, the EU and Russia on a peace agreement on the situation in Ukraine. The upper limits of the weekly fluctuation of the dollar are 81.50 rubles, the euro is 94.50 rubles, and the yuan is 11.45 rubles," Sobolev said.

On the decline: the dollar exchange rate dropped below 80 rubles

Non-political factors are leading the way among the reasons for the strengthening of the Russian currency

On October 29, the head of the Central Bank of Russia, Elvira Nabiullina, said that the weakening of the ruble against the dollar is a pro-inflationary factor. According to her, a stable and strong ruble is possible only with a stable and strong economy. The head of the Central Bank also recalled that the ruble has strengthened by about 10% this year.

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