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Why is the ruble exchange rate swinging so sharply in early 2026, and what should ordinary households expect next?

📌 Verified facts

In the first half of February, the ruble weakened by almost 7% against the US dollar amid lower export revenues and a seasonal rebound in import demand.

The Bank of Russia kept its key rate at 15% and signaled it may maintain a tight stance through mid-year.

Character Reactions
Victor Lane
Hot take

«People cannot plan everyday spending when currency swings this hard week to week.»

Alex Mercer
Cold analysis

«This is volatility, not collapse. Budget discipline and diversification still matter more than headlines.»

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