Page 97 - RusRPTJul23

7.0 FX
RUSSIA -FX
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
Jun 23
Currency (units per EUR) (eop)
90.6
88.8
86.4
88.6
90.5
56.2
56.5
78.9
79.2
90.4
97.0
Currency (units per USD) (eop)
75.5
73.8
73.4
74.2
81.8
53.1
58.9
74.0
73.6
83.5
88.8
Currency (units per EUR) (average)
89.6
89.4
86.4
88.5
99.4
73.0
87.0
64.3
78.5
88.5
90.5
Currency (units per USD) (average)
74.3
74.2
73.0
73.8
88.9
68.4
77.0
63.0
73.3
81.2
83.4
source: CBR
Analysts still expect a slight weakening of the ruble. Analysts’ forecast for 2023 — 76.9 rubles per dollar, for 2024 — 77.9 rubles per dollar, for 2025 — 79.5 rubles per dollar (revision by +0.6-1.2% compared to the April survey).
Russian banks cut exchange rates, trading on Moscow Exchange to be on June 26 as usual The last Wagner PMC mercenaries are returning to their campsites, whereas the situation in Russia is calming down. Major Russian banks have already begun to reduce exchange rates, which rose sharply the
97 RUSSIA Country Report July 2023 www.intellinews.com