The key facts

  • Next week the forecast is dollar at 80–82 rubles, euro at 89–91, yuan at 12–12.5 rubles
  • By the end of the year, a dollar at 83–85 rubles, euro at 92–94, yuan at 12.4–12.5 rubles is possible
  • On October 28 the dollar on the over-the-counter market cost more than 80.5 rubles, the euro — more than 89.5 rubles

Forecast for the week and until the end of the year

Next week the dollar will cost 80–82 rubles, the euro — 89–91 rubles, and the yuan — 12–12.5 rubles. This forecast for Gazeta.Ru was given by stock market expert at BCS World of Investments Andrey Smirnov. In his view, the end of the tax period and the removal of the technical oversold condition of foreign currencies may push the exchange rates toward the upper bounds of these ranges, but overall the ruble's position will remain strong.

The analyst's arguments

Among the factors keeping the ruble from weakening, Smirnov cited high oil prices, positive developments in geopolitics, and the Central Bank's decision to keep the key rate unchanged. At the same time, he pointed to the seasonal pickup in imports and large currency purchases by the Finance Ministry under the budget rule. 'In December we expect the traditional surge in spending by consumers and companies, and investors will be building up their currency positions ahead of the long holidays,' the analyst noted. By the end of the year, he allowed for the dollar to return to 83–85 rubles, the euro to 92–94 rubles, and the yuan to 12.4–12.5 rubles. Earlier, as the outlet recalls, the same analyst predicted a weakening of the ruble by the end of 2026.

Current quotes

According to Investing.com, which Gazeta.Ru cites, on October 28 the dollar on the over-the-counter market cost more than 80.5 rubles, the euro — more than 89.5 rubles, and the yuan exchange rate on the Moscow Exchange exceeded 12 rubles. Thus, the lower bounds of the weekly forecast roughly coincide with the actual quotes at the time of publication, while the upper ones imply a moderate weakening of the ruble. The forecast is an estimate by a single expert and is not an official exchange rate.