Published
02/13/2025, 15:05The dollar/ruble exchange rate fell sharply during trading on 13 February. According to the futures market, the USD/RUB rate fell by 3.12%, reaching Br89.71.
Dollar futures are also showing a decline: USD/RUB F and USD/RUB FUT contracts are losing 2.9% and 3.12%, respectively.
The chart shows a sharp drop in the exchange rate around 10:00 Moscow time, after which the dollar began to strengthen, but could not return to previous levels, and continues to fall but strengthen. The currency pair was last traded at this level five months ago.
According to the Russian broker Finam, the ruble's strengthening is fuelled by expectations of geopolitical détente after reports of a telephone conversation between the US and Russian presidents.
