Analyst Mustaev says the dollar will no longer fall below 60 rubles

No time to read?
Get a summary

The dollar rate will most likely no longer fall below 60 rubles. due to increased imports and weakening of the ruble due to falling oil prices. About this “Lente.ru” declaration Portfolio manager of UK Otkritie Ruslan Mustaev.

“We are seeing a gradual improvement in import flows, which creates demand for the currency and thus affects the weakening of the ruble. In addition, the depreciation of the ruble may be a result of the fall in oil prices,” he said.

According to him, the dollar will not return to 60 rubles and will rise to 70 rubles in the medium term. At the same time, a direct relationship can be traced between the exchange rate and the movement of the exchange rate in 2022. Export-import flows are also of great importance.

December 13 personal broker “BCS World of Investments” Ayaz Vildanov saidThat Russians should be aware of differences in exchange rates when buying cash and non-cash dollars. He noted that the national currency will likely weaken to 64-65 rubles against the dollar due to sanctions on energy resources and a decline in export revenues. The broker recommended buying non-cash US currency and cash dollars for overseas trips under such profit conditions.

No time to read?
Get a summary
Previous Article

By 2100 the world population will decline and Spain will have only 23 million inhabitants.

Next Article

Macron asks Deschamps not to leave French team after losing 2022 World Cup final