Dollar exchange rate controlled by Central Bank, now pegged above 82 Russian rubles
In the realm of global finance, the Russian ruble has been experiencing a period of weakness, with exchange rates reaching their lowest levels in two years, according to Mikhail Zельцер, an analyst at "BCS World of Investments".
Zельцер did not specify the reasons for the end of the low volatility period or the current low exchange rates. However, he did mention that increased geopolitical risks could be a contributing factor. The increased geopolitical risks are largely due to statements by US President Donald Trump.
In a related development, the settlement rate of the US dollar increased by 71 kopecks from the previous close, as of 10:05 MSK on July 29, 2025. This increase in the US dollar's settlement rate is a new factor that could contribute to the ruble's weakness. The dollar increased by 2.64 rubles compared to the previous day, while the euro increased by 1.79 rubles and the yuan increased by 30.61 kopecks compared to the previous day.
Bogdan Zvarich, the head of banking market analysis at PSB, provided an analysis of the banking market. However, the analysis did not seem to mention the end of the low volatility period or the current low exchange rates. Zvarich, unlike Mikhail Zельцер, made his statement to RIA Novosti. He stated that the ruble's weakness is linked to increased geopolitical risks.
The implications of the increased US dollar settlement rate for the ruble's future performance are yet to be fully understood. Experts caution that while this new development is a cause for concern, it is important to monitor the situation closely and consider other economic indicators before making any conclusions.
As the global financial landscape continues to evolve, it is crucial for investors and analysts to stay informed and adapt to changes in the market. The current situation with the ruble is a reminder of the importance of understanding geopolitical risks and their potential impact on currency values.
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