The dollar exchange rate in the Forex currency market on Monday, January 27, fell below 97 rubles. The last time the US currency was below this level was two and a half months ago, on November 11, 2024. The euro is quoted in Forex to about 102 rubles.

The exchange rate of the dollar in Forex first fell from November below 97 rubles
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At least in the last 24 hours the dollar was worth 96,125 rubles. At the time of this publication (15:38 Moscow time), the US currency was quoted at 96,996 rubles, falling 1.05 rubles. The European currency was worth 102.02 rubles (-0.59 rubles).

In the interbank market, the dollar exchange rate fell to 96.68 rubles on January 27 and the euro quoted at a minimum of 101,618 rubles. Previously, the Russia Bank set the official exchange rate of the US currency for the period from January 25 to 27 in 98,2636 rubles and for the European currency in 103,187 rubles.

Finam analysts pointed out that the strengthening of the ruble was facilitated by the factor of the tax period and the low demand for currencies by importers. At the same time, Dmitry Babin, an expert in the BCS World of Investments stock market, warned that the factor of the tax period could gradually weaken the support to the Russian currency and will be completely exhausted when the tax payments of the exporters reach its point maximum.

“The expectations about the beginning of an improvement in the geopolitical situation of Russia can prevent the weakening of the ruble. These feelings intensify or weaken depending on the changes in the background of the news. However, this idea is capturing the opinion of an increasing number of market participants, ”Babin added.

On January 21, the exchange rate of the dollar in Forex fell for the first time in 2025 below the 100 rubles. The economists surveyed by Reuters predicted that at the end of the year the US currency would cost around 108 rubles. According to experts, the figure of 100 rubles will become a “new equilibrium level”, since the Russian currency will rely on the stabilization of foreign trade transactions violated by sanctions and other factors.

Author:

Bogdan Muzychenko

Source: RB

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