The rates of the world’s major currencies, including the US dollar and euro, will continue to strengthen against the Russian ruble in the coming months. In the second and third quarters of this year, the exchange rate of the European currency may rise to 90-97 rubles. opens The words of Konstantin Ordov, director of the Plekhanov Russian University of Economics, Higher School of Finance, “Lenta.ru”.
According to him, several factors could affect the strengthening of the euro against the ruble. Among the most important are the increased recession risks in the Russian economy on the backdrop of international sanctions, and the failure to achieve income targets.
“At the end of the first quarter, the increasing recession and the failure to meet the planned revenue targets may lead to a weakening of the ruble exchange rate to the 90-97 ruble region. This is the date of the second or third quarter, ”Ordov explained.
On February 15, the euro exchange rate at the time of trading on the Moscow Stock Exchange (Mosbirzhe) exceeded 80 rub for the first time since April 25, 2022. Thus, the European currency rose to 80.01 rubles in the daytime session. However, in the future, euro prices weakened slightly, rising to 79.9 rubles.