The dollar exchange rate on the Forex currency market on Tuesday, January 21, fell below 100 rubles for the first time in 2025, as follows from trade data. At its lowest in the last 24 hours, the American currency was worth 99.4 rubles.
Author:
https://rb.ru/author/mihail-zelenin/
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At the time of this publication (13:45 Moscow time), the dollar was trading at 99.9 rubles on Forex, one ruble cheaper than the previous close. At the same time, the euro cost 103.42 rubles (-1.7 rubles).
In the interbank market, the exchange rate of the American currency fell to 99.3 rubles on January 21, and the European currency was trading at its lowest, around 103 rubles. Previously, the Bank of Russia had set the dollar exchange rate for Tuesday at 101.9579 rubles and the euro at 105.0457 rubles.
The Russian currency is confidently strengthening on the foreign exchange section of the Moscow Exchange and in the derivatives market, and continues to retreat from the supports recorded last week, investment banker Evgeniy Kogan wrote on his Telegram channel.
“For now, players are trying to evaluate Trump’s new decrees and how they may affect financial markets, including the ruble exchange rate. We believe that in this context the ruble can still strengthen,” considers the expert.
Previously, the Financial Times reported that in early January, the US currency had hit a two-year high against world currencies, hitting a high since November 2022.
Author:
Mikhail Zelenin
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
