Today's RUB to XOF Price Update

Summary

This report provides the real-time exchange rate between the Russian Ruble (RUB) and the West African CFA franc (XOF), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Russian Ruble (RUB) is the official currency of the Russian Federation, while the West African CFA franc (XOF) is the currency used by the West African Economic and Monetary Union (WAEMU). The exchange rate between them reflects market conditions and capital flows between these two economic regions.

Today’s Price

• 1 RUB = 7.26 XOF
• 24h High: 7.3013 XOF
• 24h Low: 7.2345 XOF

Market Analysis

Recent RUB/XOF price movements show moderate volatility within a defined range. Technical indicators suggest a balanced market positioning:

• Technical indicators: The 14-day Relative Strength Index (RSI) stands at 58.908, indicating a Buy signal for the pair
• Price forecast: Market analysis suggests a potential 4.15% rise over the next 12 months, with a target rate of approximately 7.46 XOF per RUB. Short-term forecasts indicate a rate target of 7.063 within 14 days
• Trading opportunities: Monitor for potential entry points near the 24-hour low of 7.2345 XOF, with resistance around 7.3013 XOF

Conclusion

Continue to monitor the RUB/XOF pair closely, integrating technical signals with broader market sentiment. Traders should track the pair’s movement within the established support and resistance zones while considering medium-term bullish forecasts.