Course dollar/ruble on the Moscow Exchange at intervals of 1 minute
The weakening of the ruble to 72 rubles / $ 1 is likely in the medium term, according to the bank “Saint Petersburg”.
“The USD/RUB exchange rate rose on Thursday morning to 73.1 rubles/$1, having updated the maximum since the end of April. Other EM exchange rates have been moving in different directions since the morning. By analogy with the situation in December, the sanctions imposed on Russian oil products on February 5th are likely , led to a temporary decrease in export earnings of the Russian Federation, which affects the dynamics of the ruble.
Against this background, risks of growth of the USD/RUB rate towards 74 rubles/$1 remain in the near future. However, as exporters adapt to the new restrictions and against the backdrop of yuan sales under the fiscal rule, the USD/RUB exchange rate is likely to fall to 72 rubles/$1 in the medium term,” the bank’s experts write.
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