30.04.2026, 22:31
The ruble has sharply strengthened against one of the key currencies
Source: OREANDA-NEWS
OREANDA-NEWS In April 2026, the ruble sharply strengthened against the Chinese yuan, considered one of the world's key currencies. This is evidenced by data from the Moscow Stock Exchange (Mosbirzha).
According to the results of trading on Thursday, April 30, the yuan exchange rate was approximately 10.98 rubles. For comparison, on Tuesday, March 31, the quotes of the Chinese currency were at the level of 11.74 rubles. Thus, in the second month of spring, the ruble strengthened against the yuan by 6.52 percent, or 76 cents.
Experts cited a reduction in Russian imports, a significant part of which comes from China, as one of the reasons for this trend. Maxim Timoshenko, Director of the Financial Markets Department at Russian Standard Bank, called favorable rates on ruble-denominated investment instruments an additional strengthening factor.
However, in the summer, the ruble is likely to weaken against major world currencies again, investment strategist Alexander Bakhtin predicted. By that time, the yuan exchange rate may reach 12 rubles again, the expert believes. According to him, a number of factors will contribute to the strengthening of the Chinese currency, including the growing demand of Russians for trips abroad and the traditional increase in imports for this time of year.
According to the results of trading on Thursday, April 30, the yuan exchange rate was approximately 10.98 rubles. For comparison, on Tuesday, March 31, the quotes of the Chinese currency were at the level of 11.74 rubles. Thus, in the second month of spring, the ruble strengthened against the yuan by 6.52 percent, or 76 cents.
Experts cited a reduction in Russian imports, a significant part of which comes from China, as one of the reasons for this trend. Maxim Timoshenko, Director of the Financial Markets Department at Russian Standard Bank, called favorable rates on ruble-denominated investment instruments an additional strengthening factor.
However, in the summer, the ruble is likely to weaken against major world currencies again, investment strategist Alexander Bakhtin predicted. By that time, the yuan exchange rate may reach 12 rubles again, the expert believes. According to him, a number of factors will contribute to the strengthening of the Chinese currency, including the growing demand of Russians for trips abroad and the traditional increase in imports for this time of year.
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