The expert assessed the dynamics of the ruble and currencies at the end of March

This week, the dollar is expected to consolidate in the range of 77.50–84.50 rubles, the euro in the range of 91-96 rubles, and the yuan in the range of 11.25–12.25 rubles. Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research Department, told Izvestia about this on March 30.

On March 28, the Central Bank of the Russian Federation set the exchange rate of the American currency at 81.1 rubles, the European currency at 93.4 rubles, and the Chinese currency at 11.7 yuan. At the same time, according to the Moscow Stock Exchange, on March 30, the yuan is trading at 11.7 rubles.

"The market is showing a decrease in speculative activity, volatility is returning to normal, and the end of the tax period and quarter allow the Russian currency to regain its position at the end of March against the backdrop of high oil prices," the expert stressed.

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Before that, on March 23, Sobolev reported that the fall of the Russian currency had stopped, reaching peaks from February to March last year. The market won back speculative positions amid expectations of a reduction in the Central Bank's key rate (eased monetary conditions to 15%). The arrival of a large supply of foreign currency before the tax period successfully balances the market, realizing the positive effect of high oil prices.

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