Ruble value rose against dollar by three units
The official exchange rate of the ruble, as set by the Central Bank, remained unchanged on July 31, with the dollar trading at 81.83 rubles per dollar and 94.95 rubles per euro. However, analysts' projections for the USD to RUB exchange rates specifically for the end of 2021, 2022, and 2023 could not be found in the search results.
While current and recent USD/RUB rates are available, such as the dollar trading around 81.10 RUB per USD in 2025, no future projections for previous years were discovered. The search results focused on other currencies, like the USD/JPY or USD/THB, or more recent dates, without historical exchange rate forecasts for USD/RUB in those years.
Despite the lack of specific projections, some analysts and financial institutions have shared their expectations. Economists predict the dollar to be at 87.3 rubles in 2025, 97.5 rubles in 2026, and 101.5 rubles in 2027. Both VTB and Sberbank have lowered their end-of-year dollar forecasts compared to earlier predictions.
VTB's First Deputy Chairman, Dmitry Pyanov, expects the dollar to be between 86 and 90 rubles by the end of the year, while Sberbank's First Deputy Chairman and Financial Director, Taras Skvortsov, expects the dollar to be at 90 rubles by the end of the year.
These new forecasts were reported by both banks on separate dates, with VTB reporting on July 29 and Sberbank's specific date not specified in the text. The Central Bank survey involved economists from over 30 organizations.
Sofya Donskaya, chief economist at T-Investments, attributed the strengthening of the ruble to a "one-off position reversal by large players." However, Donskaya also stated that this does not change T-Investments' view on the ruble's potential to weaken and reach above 95 rubles per dollar by the end of the year.
Meanwhile, the euro fell to a minimum of 91.2 rubles, and as of 14:09 Moscow time, it was trading at 92.17 rubles, a decrease of 0.22%. The statement from T-Investments about the potential for the ruble to weaken and reach above 95 rubles per dollar by the end of the year was not mentioned in the current paragraph.
As the exchange rate continues to fluctuate, it is essential to keep an eye on the latest forecasts and developments in the global economy.
Analysts, including economists from T-Investments, have made predictions for the exchange rate of the dollar to ruble in future years, with expectations of 87.3 rubles in 2025, 97.5 rubles in 2026, and 101.5 rubles in 2027. Notably, VTB and Sberbank, two prominent banking-and-insurance institutions, have also shared their forecasts for the end-of-year dollar rates, predictions that vary slightly: VTB's First Deputy Chairman, Dmitry Pyanov, anticipates the dollar to be between 86 and 90 rubles by the end of this year, while Sberbank's First Deputy Chairman and Financial Director, Taras Skvortsov, expects the dollar to be at 90 rubles by the end of the year.