As of the end of the month, the ruble exchange rate returned to the levels of early June 2024. By the end of August, foreign exchange spreads were almost unchanged despite the holiday season.
Net sales of foreign currency by the largest exporters remained at the level of the previous month.
FX swap rates rose significantly. This was in part due to the need for banks to manage open currency positions.
More details are available in the new issue of the Financial Market Risks Review.