The Bank of Russia set the official dollar exchange rate for the period from December 29 to January 9 at 101.68 rubles. The euro exchange rate on New Year’s holidays will be 106.1 rubles, should from information on the regulator’s website.
The Central Bank has set dollar and euro exchange rates for the New Year holidays
Author: Bogdan Muzychenko
On December 30, 2023, the official dollar exchange rate was 89.69 rubles, the euro – 99.19 rubles. Thus, the official exchange rate of the American currency against the ruble increased by 13.37% over the year, and the European currency by almost 7%.
Earlier, the Central Bank said that the regulator would set foreign exchange rates for January 10 on the first working day of 2025—January 9. Similarly, the Bank of Russia will update discount prices for refined precious metals: on December 28 – for the period from December 29, 2024 to January 9, 2025, and on January 9 – for January 10.
The day before, December 27, the dollar on the Forex currency market exceeded 107 rubles, and the euro rose above 110 rubles. The chief economist of T-Investments, Sofya Donets, noted that the Forex market is “quite specific”, and the rate “could be affected by the closure of spot positions on foreign exchange instruments.”
On the same day, the Central Bank changed the procedure for setting official exchange rates in order to “increase their representativeness.” Now the regulator will rely on combined data from the exchange and over-the-counter segments of the foreign exchange market. After the introduction of US sanctions against the Moscow Exchange, the Central Bank set rates based on bank reporting data on transactions in the over-the-counter foreign exchange market.
Economists surveyed by Reuters predicted that at the beginning of 2025 the dollar would trade at 100 rubles, but by the end of the year it would rise to 108 rubles. According to analysts, the figure of 100 rubles will become a “new level of equilibrium”, as the ruble will be supported by the stabilization of foreign trade transactions violated by sanctions and other factors.
Cover photo: rsooll /
Source: rb.ru
