The exchange rate of USD to RUB fell below 80: What happened in the currency market
May 22, 2025, 20:00
All current factors are temporarily supporting the Russian Ruble, so the exchange rate of the Ruble against the US Dollar remains stable: On May 21, the exchange rate of the dollar dropped to 79 Rubles per 1 US Dollar during trading.
However, according to Interfax, Alexander Shneiderman, head of customer support and sales at "Alfa-Forex", believes that any week could be a turning point for the foreign exchange market.
The expert explained that since Monday, the Ruble has been in a mid-term appreciation cycle. Analysts believe that if the situation remains unchanged, the exchange rate of the dollar will fluctuate between 77.5 to 84 Rubles per US Dollar by the end of this weekend.
The main factors supporting the domestic currency remain the high benchmark interest rate of the Central Bank of Russia and the low demand for foreign currencies from importers. According to the latest data from the Federal State Statistics Service, the annual inflation rate slowed slightly in April -- from 10.3% to 10.2%.
The country's trade surplus increased from $10.5 billion in March to $11.76 billion, indicating that the Ruble remains stable in the first half of the year. Meanwhile, Shneiderman said that the current Ruble exchange rate largely depends on geopolitical events.
No matter how other fundamental factors may change, any week could be a critical week for the domestic currency. Analysts explained that an agreement between Vladimir Putin and Donald Trump could have a significant positive impact on the Ruble and Russian financial markets.
Experts concluded that conversely, if negative news occurs, such as related to strengthened sanctions from the United States, the foreign exchange market situation might turn favorable for the US Dollar, leading to a depreciation of the Ruble.
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