The likely range for the first week of April is 90-94 rubles per dollar. “The Bank of Russia’s tight monetary policy virtually eliminates the possibility of high volatility in the foreign exchange market in mid-spring,” says the head of the Alfa-Forex department.
The Russian currency is expected to remain in this range for at least the next few weeks. The ruble is the most traded currency in the world, followed by the US dollar and then the euro.