The Central Bank named two reasons for the weakening of the ruble in July.

      The weakening of the ruble against major world currencies in July was associated with a deterioration in trade conditions and unusual behavior from certain participants in the currency market. This is stated in the commentary from the Bank of Russia "Monetary and Credit Conditions and the Transmission of Monetary Policy." The average monthly exchange rate of the ruble against the dollar in July decreased by 5.8%, against the euro by 4.6%, and against the yuan by 5.5%. The Central Bank explained that the main factor was a decline in revenues from Russian raw material exports. The effect of the June drop in the value of export volumes manifested in July with some time lag. Additional pressure on the ruble came from demand for currency from certain market participants who usually act as net sellers. The real effective exchange rate of the ruble (REER), calculated against the currencies of Russia's main foreign trade partners, decreased by 2.9% in July, according to preliminary estimates, after an increase of 0.3% in June. At the same time, the ruble remains significantly stronger than its historical average level. In July, the REER was 12.1% higher than the median value for the period from January 2015 to June 2026. In terms of individual currency pairs, the deviation was 3.8% for the dollar, 5.2% for the euro, and 22.8% for the yuan. Previously surveyed experts noted in a conversation with "BUSINESS Online" that the weakening of the ruble could be due to increased currency purchases by the Ministry of Finance, limited inflow of export revenues, and rising demand for currency. Analyst Alexander Potavin from FG "Finam" emphasized that the ruble has been continuously weakening since the end of July. The ruble is also under pressure from limited inflow of currency revenues due to sanctions and the geopolitical situation.

      Let us remind you that today the Central Bank set the official dollar exchange rate at 82.6 rubles — the highest in 4.5 months. The euro rate was 95.2 rubles, and the yuan rate was 12.2 rubles.

      More news on the event:

      Analyst Sobolev: the dollar rate may rise to 85 rubles by mid-August

      By mid-August, the dollar rate may rise to 84.5 rubles, while the euro and yuan will trade in wider ranges, 23:09 11.08.2026 IA Tatar-inform - Kazan

      The Central Bank named two reasons for the ruble's weakening in July

      The weakening of the ruble against major world currencies in July was associated with a deterioration in trade conditions and unusual behavior from certain participants in the currency market. 23:00 11.08.2026 Business Online - Kazan

      News from neighboring regions on the topic:

      The ruble is trying to break the negative trend in the currency market

      The Central Bank of the Russian Federation has set new official ruble exchange rates against all major world currencies for August 12. 21:27 11.08.2026 RuInformer.Com - Sevastopol

      The Central Bank set the dollar exchange rate above 82 rubles for August 12

      The Central Bank of Russia established the official exchange rates for foreign currencies for Wednesday, August 12. 20:47 11.08.2026 IA Public News Service - Moscow

      The Central Bank lowered the official dollar exchange rate by 23 kopecks

      The American currency fell to 82.37 rubles. Photo: Oleg Zoloto / "Petersburg Diary"

      The official exchange rates for Wednesday, August 12, have been updated in favor of the ruble's strengthening. 19:53 11.08.2026 Petersburg Diary - St. Petersburg

      The Central Bank lowered the official dollar exchange rate by 23 kopecks

      The American currency fell to 82.37 rubles. Photo: Oleg Zoloto / "Petersburg Diary"

      The official exchange rates for Wednesday, August 12, have been updated in favor of the ruble's strengthening. 19:32 11.08.2026 Spbdnevnik.ru - St. Petersburg

      Seasonality affected the ruble exchange rate

      The beginning of August 2026 was nervous for the currency market. The over-the-counter dollar exchange rate approached 83 rubles. 09:33 11.08.2026 GlobalMSK.Ru - Moscow Region

      Analyst gave advice to Russians who bought dollars at 100 rubles

      "Gazeta.Ru": Dollars bought at 100 rubles are a long-term investment. Photo: iStock/SSV-Photo

      For those who purchased dollars at the rate of 100 rubles, 06:49 11.08.2026 RTV-Moscow Region - Moscow Region

      The Central Bank raised the dollar, euro, and yuan rates for August 11

      The American currency rose to a maximum in 4.5 months. Photo: Oleg Zoloto / "Petersburg Diary"

      The dollar rate rose to 82.61 rubles and updated the maximum for the last 4.5 months. 22:37 10.08.2026 Petersburg Diary - St. Petersburg

      The dollar rate set by the Central Bank reached a four-month peak

      The Central Bank of Russia on Tuesday, August 11, approved the official dollar rate at 82.61 rubles, which is 44 kopecks higher than the previous value. 22:37 10.08.2026 Rakurs 32 - Bryansk

      The Central Bank raised the dollar, euro, and yuan rates for August 11

      The American currency rose to a maximum in 4.5 months. Photo: Oleg Zoloto / "Petersburg Diary"

      The dollar rate rose to 82.61 rubles and updated the maximum for the last 4.5 months. 21:49 10.08.2026 Spbdnevnik.ru - St. Petersburg

      The Central Bank established official exchange rates for August 11

      The Central Bank established official exchange rates for August 11. The Central Bank of Russia raised the official rates of major foreign currencies for Tuesday, August 11. 20:01 10.08.2026 Rzn.Info - Ryazan

      In August, ruble quotes continue to decline

      Domestic analysts reported that in August of this year, ruble quotes decreased against the dollar, euro, and even the Chinese yuan. 18:43 10.08.2026 GlobalMSK.Ru - Moscow Region

      The Central Bank of the Russian Federation exchange rates for August 11: 82.6060 rub/dollar and 95.2860 rub/euro

      The Central Bank of the Russian Federation set the following official exchange rates from August 11:

      1 US dollar - 82.6060 rub. 00:38 11.08.2026 SIA.RU - Irkutsk

      What will happen to the dollar in September? Investment strategist Bakhtin: by the beginning of September, the dollar will rise to 81-82 rubles

      This week, the dollar rate rose above 80 rubles for the first time since April. 12:59 10.08.2026 TPP Tolyatti - Tolyatti

      The dollar broke the ₽83 mark for the first time since March 23: what is happening in the currency market

      During trading on Monday, August 10, the dollar rate exceeded ₽83 for the first time since March 23. 12:46 10.08.2026 MosRegToday.Ru - Moscow Region

      The dollar on the over-the-counter market updated the March maximum, exceeding 83 rubles

      During morning trading on August 10, the dollar rate exceeded 83 rubles for the first time since March 23, according to exchange data. 11:56 10.08.2026 Rakurs 32 - Bryansk