The dollar exchange rate on Forex exceeded 107 rubles

At the time of this publication (14:06 Moscow time), the American currency was worth 106,996 rubles, an increase of 7.2 rubles compared to the previous close. The European currency costs 107.77 rubles (+3.55 rubles).

In the interbank market, the dollar exchange rate on December 27 exceeded 104 rubles, the euro at its maximum of the day was worth 109.3 rubles. Previously, the Central Bank had set the official dollar exchange rate for Friday at 99.23 rubles and the euro at 103.3 rubles.

The price of the ruble is falling amid the decision of the Bank of Russia to change the procedure for setting the official exchange rates of the Russian currency. Starting December 27, the regulator will calculate rates based on combined data from the foreign exchange and over-the-counter segments of the foreign exchange market. The Central Bank explained that this should “increase the representativeness of official rates.”

Sofia Donets, chief economist at T-Investments, commenting on the dynamics of the ruble, noted that the Forex market is “quite specific” and that the exchange rate of the national currency “could be affected by the closing of spot positions in currency instruments”. “The current dollar dynamics are most likely temporary. We maintain our forecast for 2025: 99-106 rubles per dollar, 13.7-14.5 rubles per yuan,” the expert added.

On December 6, the American currency on Forex fell below the psychological mark of 100 rubles for the first time since mid-November, when the ruble plummeted following the introduction of American sanctions against Gazprombank and other Russian credit institutions.

On December 5, Finance Minister Anton Siluanov, in a conversation with journalists, said that the Russian currency should stabilize in the coming weeks. The minister confirmed that the “situation with the ruble” arose due to sanctions against Gazprombank, which was the main participant in foreign trade agreements.