The financier assessed the prospects of the ruble in early June

Over the next week, the dollar is likely to trade in the range of 70-73.5 rubles, the euro — 82-85 rubles, and the yuan will remain in the range of 10-11 rubles. Andrey Loboda, a member of the RASO and the expert council of the Association of Forex Dealers on the development of the over-the-counter financial market, told Izvestia on June 1.

On May 30, the Central Bank of Russia set the official dollar exchange rate at 71 rubles, the euro at 82.6 rubles, and the yuan at 10.4 rubles. At the same time, according to the Moscow Stock Exchange, on June 1, the yuan exchange rate is about 10.5 rubles.

"Last May was the most successful month for strengthening the ruble against the world's leading currencies. During this period, the US dollar exchange rate decreased from 74.80 to 71.02 rubles. In May, the Russian currency strengthened against the dollar by 5.23%, and since the beginning of the year, the dollar and the euro have lost almost 10% of their value against the ruble. The trend towards a smooth strengthening of the Russian currency continues in the first week of summer," the expert said.

According to Loboda, the stability of the ruble surprises many market participants, as the Russian currency has shown growth on both positive and negative news, including an almost 10% decline in oil prices. One of the supporting factors remains the low demand for foreign currency from businesses and the population.

There is no dispute about the rates: the budget loses over 100 billion a month due to the strong ruble

Who benefits from a cheap dollar and whether to expect deflation

The expert also drew attention to the change in the structure of foreign economic settlements. According to him, the ruble and ruble-denominated stablecoins are increasingly being used in trade with partners from the CIS and friendly countries. In addition, the attractiveness of ruble-denominated financial instruments helps to reduce the interest of private investors in the dollar as a traditional savings instrument.

At the same time, the further dynamics of the exchange rate will depend on the signals of the Bank of Russia and the decisions of the Ministry of Finance. A more active easing of monetary policy, as well as an increase in foreign exchange interventions, may put pressure on the ruble.

Loboda believes that it will be possible to talk about the beginning of a steady reversal of the foreign exchange market only after the dollar has consolidated above the 73.5 ruble mark and its movement to the 75 ruble level. The expert estimates the probability of such a scenario in the second half of June at 50%.

Financial expert Elena Drozdova said on May 22 that the current ruble exchange rate creates favorable conditions for buying dollars, but it is worth buying currency only for specific purposes, and not "just in case." She also recommended following a balanced approach when making savings. According to her, the classical strategy of allocating available funds remains optimal — half should be stored in rubles, and the second part should be converted into foreign currency assets.