The euro is seen strengthening in the international currency market, with projections suggesting the pair could move toward or even surpass 90 rubles per euro as the European currency steadies more firmly than the dollar. This outlook comes from economists connected to major Russian educational and research institutions who analyzed recent trends in exchange rates.
There is no expectation of persistent anomalies in the euro to ruble rate over the long term. Historical patterns show that 90 rubles per euro has appeared before, and current conditions could push the level near that mark again, potentially with a slight rise beyond it, according to one analyst speaking on economic conditions and market dynamics.
It was noted that last year the euro traded around 0.97 US dollars. The current landscape has shifted, with the euro valued closer to $1.09, reflecting changes in comparative strength between European currencies and the dollar in the global market.
The same expert cautioned that the euro is unlikely to strengthen dramatically because there is no strong incentive for the ruble to weaken drastically. The ongoing movements are described as normal fluctuations within the forex market rather than a sustained trend.
A separate commentator from a prominent Russian economic think tank noted that a rise to the mid-80s range rubles per euro should be viewed as a temporary spike rather than a lasting trend. This analyst described the euro as a riskier currency for retail investors, given potential policy actions by the European Union and the United States that could affect demand. In this context, individual demand for the euro may retreat as policy and regulatory risks rise.