The official European currency fell to 76 rubles for the first time in 2023. This is evidenced by trade data. Moscow Stock Exchange.
At 12:05 (Moscow time) on January 4, the euro is trading at exactly 76 rubles. The dollar also costs 71.47. The Chinese yuan is trading at 10.23 rubles.
Euro exchange rate on the Moscow Stock Exchange on December 30 exceeded 77 rubles for the first time since December 22. The dollar then cost 71 rubles.
Oleg Syrovatkin, Principal Analyst of Otkritie Investments Global Research expression The view that the ruble will strengthen after the January holiday. According to Syrovatkin’s forecast, the national currency will gain somewhere around 68 rubles per dollar in the coming weeks.
In the second half of December, First Deputy Prime Minister Andrey Belousov aforementionedthat the “weak” exchange rate is beneficial for the Russian economy in the range of 70-80 rubles per US dollar. According to him, such a corridor is necessary to compensate the revenues of export-oriented companies.