The authorities began to discuss the problem of the high volatility of the ruble

The authorities began to discuss the problem of the high volatility of the ruble



The authorities resumed the discussion about the high volatility of the ruble exchange rate. The problem of too sharp fluctuations of the national currency somehow surfaced during the second half of the year, but in a relatively active mode, the discussion started in December, a source close to the government told Vedomosti, the information was confirmed by another interlocutor close to the Cabinet. In the last month of 2022, the exchange rate was very stormy, and due to one-time factors not related to “the natural course of things in the market,” one of the interlocutors explained. High volatility carried over into 2023, with exchange rate fluctuations remaining elevated in January. There is a risk that this trend will not disappear anytime soon, he added.

From December 13 to December 28, the dollar strengthened from 63 to 72 rubles / $ (by 14%), according to the information of the Moscow Exchange on the results of trading with settlements “tomorrow”. Moreover, the daily volatility of the exchange rate was also high - about 3-4%. In January, the ruble strengthened a little: in the first working week - to about 68 rubles / $, and then again slightly weakened and has recently been trading near the mark of 70 rubles / $.



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