During trading sessions, the Russian ruble showed notable movement against major currencies. Data from market authorities confirms that the ruble traded at approximately 90.69 rubles per dollar at one point, reflecting fluctuations in the currency market observed on the Moscow Stock Exchange. Traders watched these shifts closely as part of the broader picture of currency activity in the region.
By the close of Monday’s trading, the ruble had gained value not only against the dollar but also against the yuan and the euro. The dollar rate eased by about 18 kopecks, landing near 12.61 rubles per dollar. Meanwhile the euro price touched around 97.7 rubles, indicating a broad-based easing of dollar strength and a strengthening of the ruble against multiple regional currencies. Market participants interpreted these movements as signs of shifting demand and evolving expectations for monetary conditions in the near term.
On 11 December, the Turkish lira reached levels that marked historic lows, trading at around 29.12 lira per dollar at the peak of the session. The currency’s decline underscored ongoing concerns about macroeconomic stability in Turkey. Looking ahead, Turkish authorities had signaled a plan to reduce annual inflation dramatically, aiming to bring it down from roughly 65 percent to the mid-30s by 2024, a move designed to stabilize price pressures and support the lira in the longer run.
Earlier comments from market analysts noted shifts in exchange rate expectations for the ruble. Ayaz Aliyev, a candidate of economic sciences and associate professor in the finance department at the Russian University of Economics for Sustainable Development GV Plekhanov, suggested that the upper boundary for ruble strengthening in December could lie in the 93–95 ruble range per dollar and that the euro might trade between 102 and 105 rubles. Such projections highlighted the balance being weighed between domestic policy signals and external financial pressures shaping currency behavior.
Additionally, the Moscow Stock Exchange index reached a fresh annual high, marking the strongest level recorded since February 2022. The performance of the index reflected positive sentiment among investors and participants in the market, suggesting renewed confidence and a willingness to engage in equity trading as part of the broader financial landscape in the region.