The current exchange rate of the ruble is important for the economy, and the dollar of 80 rubles and above can only happen with the emergence of additional negative factors. About this “Prime Minister” declaration Mikhail Shulgin, Head of Global Research at Otkritie Investments.
“If there are no geopolitical surprises, we will see the rate close to 70, but long holidays are near. We think that the lower limit will be limited to 72.00 level in the short term.”
According to him, the exchange rate can change significantly during the holidays due to many political events, which are full of various surprises.
He added that the ruble rate could also be adversely affected by the increase in the budget deficit, the decline in FX income offers on the backdrop of the decline in oil and gas revenues, and the speculative FX demand. However, the influence of these factors is gradually weakening.
February 20, CMS group of companies analyst Stanislav Bovt, in an interview with the newspaper Izvestia estimated The rise of the US dollar to 76-78 rubles at the end of February – the beginning of March 2023. The dollar is currently strengthening against all currencies, including the ruble, according to the analyst.