Rubles Stable Against Yuan Amid Market Pressures
The Russian ruble is expected to remain stable against the Chinese yuan in the near term, with the yuan's exchange rate on the Moscow Exchange projected to stay between 12.40 and 12.60 rubles, according to a financial expert.
Consensus
- The Chinese yuan is expected to trade in the range of 12.40 to 12.60 rubles on the Moscow Exchange in the coming week.
- The Russian ruble is not expected to experience sharp depreciation against the yuan in the near term.
- High key interest rates and oil prices are supporting the ruble.
- There is a gradual loss of ruble's position relative to the yuan.
- Increased demand for foreign currency, including budget-related purchases and higher import volumes, is contributing to the ruble's weakening trend.
- No clear factors for a sharper decline in the ruble's value are currently expected.
Points of divergence
- The Central Bank of Russia set official exchange rates for major foreign currencies on Friday, 14 August, with the yuan at 12.4175 rubles. — vm
- The ruble is supported by persistent high key interest rates and oil prices, and signals of inflation slowdown from Rosstat. — riamo
- Additional pressure on the yuan comes from declining yields on Chinese bonds and ongoing economic instability in China, while positive tech sector performance supports the yuan. — riamo
Coverage (2 sources)
- Where can the ruble fall? Expert named the range of the yuan rate for the week — РИАМО
- What will be the course of the yuan in mid-August 2026 — Вечерняя Москва
Key entities
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