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Russian rouble weakens after hitting strongest since May 2023 last week
Published by Global Banking and Finance Review
Posted on December 10, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 10, 2025
1 min readLast updated: January 20, 2026
The Russian rouble weakened against the dollar and yuan after reaching its strongest level since May 2023. Exporters sold less foreign currency in November, while lower importer demand supported the rouble.
MOSCOW, Dec 10 (Reuters) - The Russian rouble weakened against the U.S. dollar and China's yuan for the third consecutive session this week on Wednesday, after hitting its highest level to the dollar since May 2023 on December 5.
At 1450 GMT, the rouble was 0.8% weaker at 77.09 against the dollar in over-the-counter trade and 1% weaker at 11.05 against the Chinese yuan on the Moscow Exchange, where it is the most-traded foreign currency.
The central bank said on Wednesday that exporting companies sold 17% less foreign currency in Russia in November, compared with October. The central bank said that lower demand for foreign currency from importers also supported the rouble.
The central bank's poll, published on Wednesday, showed that analysts saw an average rouble rate in 2025 at 83.8 to the dollar, 1.4% stronger than in the previous poll. In 2026, they expected the rouble to weaken to 90.3 per dollar on average.
(Reporting by Gleb Bryanski; Editing by Alex Richardson)
The Russian rouble is the currency of Russia, abbreviated as RUB. It is used in all financial transactions within the country and is subject to fluctuations based on economic conditions and foreign exchange markets.
A central bank is a national institution that manages a country's currency, money supply, and interest rates. It also oversees the banking system and implements monetary policy to stabilize the economy.
Currency hedging is a financial strategy used to protect against potential losses due to fluctuations in exchange rates. It involves using financial instruments or market strategies to offset the risk of adverse currency movements.
Economic growth refers to the increase in the production of goods and services in an economy over a specific period. It is typically measured by the rise in Gross Domestic Product (GDP).
Financial markets are platforms where buyers and sellers engage in the trading of assets such as stocks, bonds, currencies, and derivatives. They facilitate the flow of capital and investment in the economy.
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