The Central Bank reduced the official dollar rate between December 31 and January 9 17:01

The Central Bank of the Russian Federation set the official dollar exchange rate for the period from December 30, 2023 to January 9, 2024 at 89.6883 rubles. This is 62 kopecks less than the previous figure.

The official euro exchange rate was reduced by 1.36 rubles to 99.1919 rubles. Exchange rates are published on the regulator’s website.

The ruble exchange rate on the Moscow Stock Exchange on Friday strengthened sharply – the dollar fell below 89 rubles for the first time since November 30, the euro fell below 99 rubles for the first time since December 20.

Alexander Bakhtin, investment strategist at BCS World of Investments explained socialbites.ca said that the ruble rate increased following news about the Central Bank’s plans to sell more foreign currency in the first half of next year. The investment strategist said that this message created a strong psychological impact on the ruble exchange rate. According to him, the increase in the regulator’s sales will begin to have a greater impact on the national exchange rate from January 2024.

Bakhtin suggested that the dollar exchange rate would be 90 rubles by the end of 2023 unless force majeure occurs. The investment strategist noted that a positive factor for the Russian currency is the end of the peak of Russians’ buying of dollars and euros before the New Year holiday.

According to the Moscow Stock Exchange, at 16:58 Moscow time the cost of the dollar is 90.0864 rubles, while the cost of the euro is 99.158 rubles.

When is the best time to buy and sell dollars and euros? material “Newspapers.Ru”.

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Source: Gazeta

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