OREANDA-NEWS  The estimated dollar exchange rate, which is a benchmark for the over-the-counter market, fell below 74 rubles for the first time since February 20, 2023, according to trading data.

By 11.18 Moscow time, the dollar exchange rate was decreasing by 55 cents relative to the previous close, to 73.7 rubles.

After the suspension of dollar trading on the Moscow Stock Exchange in the summer of 2024, only the yuan exchange rate is truly representative of the ruble, which is traded from 10.00 to 19.00 Moscow time. It is during these hours that the dollar exchange rate can be calculated using the dollar to yuan exchange rate on forex and the yuan to ruble exchange rate on the Moscow Stock Exchange.