As currency markets have continued to show volatility, the ruble has moved against major currencies. In the latest session, the US dollar hovered near 90.88 rubles at 10:32 Moscow time, while the euro traded around 94.78 rubles. The figures illustrate the daily swings that traders monitor when oil prices and sanctions expectations shift on the global stage.
At the market open, the dollar traded lower than 94 rubles, a level not seen since early October 2024. The move reflected a roughly 2.8 percent retreat from the session’s earlier peak and underscored the ruble’s sensitivity to both domestic policy signals and external financial pressures.
Igor Balynin, an associate professor at the Financial University under the Government of the Russian Federation, noted the performance of investors who purchased dollars between January 12 and February 12, 2025. Those holdings would have posted a loss of about 9 percent, equating to roughly 9,000 rubles for every 100,000 rubles invested, illustrating the risk of trying to time currency markets.
Balynin advised caution about foreign currencies, especially the more volatile ones. He suggested keeping funds in the ruble-denominated salary currency and highlighted that inflation has eased while deposit rates remain attractive. His view was backed by the improving cost of money in ruble deposits, making them a potentially safer option for ordinary savers in Russia.
Earlier in the spring, some economists projected that the dollar would stay below the 95-ruble mark. While forecast accuracy varies, the idea of a gentler ruble depreciation amid easing inflation has been a persistent theme in academic and policy circles these past months.
For readers in Canada and the United States who have exposure to ruble-linked assets, remittances, or travel planning, the ongoing ruble moves matter. Currency shifts can affect the cost of goods and services, interest earnings on ruble accounts, and the value of investments denominated in rubles. Understanding the drivers behind USD and EUR movements against the ruble can help individuals manage risk and align their financial goals with current market conditions.
Traders continue to watch oil prices, sanctions announcements, and central bank signals, all of which feed into the ruble’s direction. While the currency’s path remains uncertain, the latest data points suggest periods of relief may be followed by renewed volatility as markets digest Russian fiscal policy and the global energy complex.
Investors seeking stability are often advised to diversify across currencies and assets rather than concentrating on a single speculated move. For those living in North America with income in rubles or who routinely transact in rubles, maintaining awareness of daily price levels and longer-term trends can help protect purchasing power and guide prudent savings strategies.