“The Russian ruble began 2023 with a decline against the US dollar and the Chinese yuan, but at the same time it strengthens against the euro,” the analyst said.

According to him, the fall in the value of the ruble occurs against the backdrop of a decrease in world oil prices, which is why the country's export earnings are falling.

“The single European currency is still showing the opposite dynamics to the dollar, which may be caused by an increase in the share of parallel imports during the holidays, as well as profit-taking by traders, because the quotes reached an even psychological mark of 80 rubles per euro, from which they corrected,” Chernov explained.

The analyst also predicted an increase in the value of the euro in the next 1-2 weeks to 80 rubles.

“During 2023, the dollar may rise in price to 75.00-80.00 rubles against the backdrop of the start of the new budget rule, and in the next 1-2 weeks, quotes will try to gain a foothold above 72.00 rubles, from where they rebounded on the last day of the year by against the backdrop of profit taking by traders.

We believe that the trading range will be 72.00–75.00, ”concluded the interlocutor of RT.

The dollar exchange rate during the auction exceeded 72 rubles.