Euro surpasses 100 rubles on Russian forex market
The off-exchange euro rate in Russia briefly exceeded 100 rubles for the first time since March, driven by low foreign exchange supply from exporters and weak oil prices. The dollar and yuan also reached recent highs, with analysts attributing the ruble's decline to energy market conditions and potential central bank policy.
Consensus
- The off-exchange euro rate in Russia exceeded 100 rubles on August 27, 2025.
- The euro rate reached a daily high of 100.03 rubles at some point during the day.
- The dollar rate on the off-exchange market rose to around 85–86 rubles.
- The yuan rate on the Moscow Exchange approached 12.9 rubles.
- The ruble's depreciation is linked to low foreign exchange supply from exporters.
- Oil prices in June were lower than in May, with Urals crude at $63.52 per barrel.
- The Central Bank of Russia set the official euro rate at 98.29 rubles and the dollar at 84.28 rubles on August 27.
- The Moscow Exchange index (IMOEX2) has been declining since March, falling to around 1,900 points in July before recovering slightly in August.
Points of divergence
- The euro rate reached 100.66 rubles, the highest since February 10, 2025. — kommersant
- The euro rate in St. Petersburg exchange offices was above 107 rubles. — tg_paperpaper_ru
- The euro rate was 99.6 rubles at 12:00 MSK, with a daily change of 1.35%. — vedomosti
- The euro rate reached 100.33 rubles at 11:09 MSK. — vm
- The euro rate reached 100.006 rubles at 11:01 MSK. — m24
- The yuan reached a semi-annual high of 12.85 rubles, the highest since February 2024. — kommersant
- The Moscow Exchange index fell nearly 35% from March to July, from 2,912 to 1,900 points. — tg_paperpaper_ru
- The official euro rate was 98.29 rubles, and the dollar was 84.28 rubles. — vedomosti
- The Moscow Exchange index dropped below 2,100 points for the first time since December 20, 2022. — m24
Coverage (6 sources)
- Euro course exceeded 100 rubles for the first time in five months — Коммерсантъ
- Euro rate on Forex market exceeded 100 rubles. Rate in St. Petersburg exchange offices — above 107 rubles — Бумага
- Off-exchange euro rate in the moment crossed the 100 ruble mark — Ведомости
- Euro course on Forex exchange exceeded 100 rubles for the first time in five months — Коммерсантъ
- Off-exchange euro rate rose above 100 rubles — Вечерняя Москва
- Euro course on interbank market exceeded 100 rubles — Москва 24