Lead

The dollar exchange rate on Forex exceeded 80 rubles for the first time since April 3, 2026, according to ICE, a composite index of several forex brokers, as reported by TASS. Meanwhile, Alfa-Bank's chief economist Natalia Orlova told TASS that the official dollar exchange rate could reach 87 rubles by the end of 2026 and rise to 95 rubles next year.

Coverage Comparison

TASS, the Russian state news agency, provided two separate reports on the matter. The first, dated July 6, focused on current exchange rates, noting that the dollar was up by 3.98% at 80.375 rubles as of 11:57 a.m. Moscow time. In the Russian interbank market, the dollar was up by 0.78% at 77.89 rubles, while the euro rose by 0.94% to 88.916 rubles.

The second report, dated June 30, was forward-looking, presenting expert predictions from Natalia Orlova, chief economist and head of macroeconomic analysis at Alfa-Bank. She outlined expectations for the ruble's trajectory through 2026 and beyond, attributing the forecast to a mix of recovering imports, pressure on export revenues, and nervousness in the construction market.

Key Claims

  • The dollar exchange rate on Forex exceeded 80 rubles for the first time since April 3, 2026, rising by 3.98% to 80.375 rubles as of 11:57 a.m. Moscow time, according to TASS citing ICE.
  • In the Russian interbank market, the dollar was up by 0.78% at 77.89 rubles, and the euro was up by 0.94% at 88.916 rubles, as reported by TASS.
  • Natalia Orlova of Alfa-Bank told TASS that the official dollar exchange rate could reach 87 rubles by the end of 2026 and rise to 95 rubles next year.
  • Orlova stated that the fundamental equilibrium range for the exchange rate lies between 90 and 100 rubles per dollar.
  • She noted that the market is adapting quickly to exchange rate shifts, citing the dollar's rise from 70 rubles to around 77 rubles over the course of a week, with peaks as high as 80 rubles.
  • The Bank of Russia set the official dollar exchange rate for June 30, 2026, at 77.7539 rubles per dollar, up by 69.28 kopecks from the previous level, as reported by TASS.