From December 2, the official US dollar exchange rate set by the Central Bank of the Russian Federation stood at 89.7619 rubles. This figure appears on the regulator’s official website and reflects the latest published data for the currency market.
Compared with December 1, the dollar rose by 1.18 rubles in the central rate. In the same update, the bank also adjusted the euro, raising its official rate by 1.0299 rubles to 97.9126 rubles. This move signals ongoing adjustments in the currency framework used by banks when posting exchange rates publicly.
Russian banks typically align their quoted exchange rates with the regulator’s official figures, which inform retail currencies and settlement pricing across the market.
Denis Perepelitsa, a Candidate of Economic Sciences and Associate Professor at the Department of Global Financial Markets and Fintech at the Russian University of Economics GV Plekhanov, indicated that December could see dollar and euro rates fluctuating near 90 and near 98 rubles respectively. He suggested that if the Central Bank raises the key rate, these levels might slip to around 88 rubles for the dollar and 96 rubles for the euro. The economist noted that demand for the US and European currencies during the final month of the year might stay subdued.
Considering travel planning around New Year holidays, questions arise about the best time to buy foreign currency. The literature on this topic often points to keeping an eye on regulatory updates and market signals when budgeting for travel expenses.
Analysts have previously projected the weekly trajectory of the dollar, underscoring how shifts in policy and market sentiment can influence near-term exchange rate moves.