Russians preparing for summer travel can now access foreign currencies more readily, with dollars and euros appearing as the preferred choices for many travelers. An insights briefing from Bank Zenit’s analytic division highlights why these two currencies remain dominant during holiday planning and how exchange rates may behave in the coming months.
Analysts note that the spike in demand for dollars and euros is tied to the practical needs of travelers who plan to cover everyday expenses, reserve accommodations, and manage currency risk on trips abroad. While forecasts suggest that the pace of movement in the foreign exchange market may slow compared with recent months, the underlying sentiment among many buyers is pragmatic. At present, exchange rates appear to sit at a neutral level, making it reasonable to purchase dollars and euros for upcoming trips without waiting for dramatic shifts in pricing.
Based on current projections, the dollar is likely to hover around the 77 to 82 ruble range through the summer, while the euro could stay within roughly 84 to 90 rubles. The yuan, while present in some trade discussions, does not appear to be influencing the routine pattern of payments for travelers or regular exchanges in the near term. This placement reflects broader market dynamics that traders and corporates are tracking, rather than a surge in demand for any single currency among vacationers.
Analysts explain that the ruble’s recent softness is tied to the gradual revival of export activity. As European and Asian markets continue to absorb energy resources, the flow of oil and gas revenues helps support export volumes. In this context, foreign exchange channels remain active, with banks and exchange desks observing steady flows rather than sharp swings. For ordinary citizens, this means more predictable opportunities to exchange currencies at reasonable rates for travel and overseas purchases.
Alongside currency considerations, some market observers have shared guidance on safe wallet strategies in the current environment. While the approach to investments can vary, experts suggest focusing on instruments with transparent risk profiles. For those who are risk-averse, keeping funds in bank deposits may offer a familiar level of security. Others looking for potentially higher yields might consider diversified mutual funds or fixed-income bonds, recognizing that these avenues typically carry different guarantee levels than traditional savings at banks. The key is balancing liquidity, risk, and potential return while staying aligned with personal financial goals.