The expert assessed the dynamics of the ruble this week

This week, dollar exchange rates are expected to fluctuate in the range of 74.50–79.50 rubles, euro — 88-93 rubles, yuan — in the range of 10.70–11.40 rubles. Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research Department, told Izvestia about this on February 24.

On February 21, the Central Bank of the Russian Federation set the exchange rate of the American currency at 76.7 rubles, the European currency at 90.2 rubles, and the Chinese currency at 11 rubles. At the same time, according to the Moscow Stock Exchange, on February 24, the yuan is trading at 11.1 rubles.

"The national currency will continue to be supported by the end of the tax period, a stable trade surplus (December data, despite sanctions, showed an increase from $6 billion to $10 billion), low import demand due to the high Central Bank rate. Of the negative aspects, the market may be influenced by geopolitics, but in general, the ruble remains attractive to investors," the expert concluded.

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Alexander Schneiderman, head of Alfa-Forex's customer support and Sales department, said on February 20 that the ruble retains the potential to strengthen to 72-74 per dollar while maintaining current dynamics in the oil and foreign exchange markets. According to the expert, the ruble is further supported by tight monetary policy, the tax period and the moderately positive oil market conditions.

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