Anton Prokudin, Chief Macroeconomist of Ingosstrakh Investments Management Company, in an interview with the newspaper Izvestia estimated At the beginning of May 2023, the US dollar rate rose above 80 rubles. According to him, there is no need to wait for the strengthening of the ruble in the near future.
“The rate will remain above 80 rubles. Probably, it will be about 85 rubles. “A drop in oil discounts or other positive market events could lead to a short-term strengthening of the exchange rate, but we don’t know at this time whether they will happen,” Prokudin said.
The Central Bank and the Ministry of Finance attributed the depreciation of the ruble to the decline in export revenues at the beginning of the year.
At auctions on the Moscow Stock Exchange on April 12, the dollar reached 82.17 rubles. Prior to that, the dollar tested April highs last year. On April 6, at auctions on the Moscow Stock Exchange, the US dollar exchange rate exceeded 80 rubles. For the first time since April 6, 2022. As a result, transactions closed at 81.38 rubles. Then the national currency showed a slight strengthening. On April 4, the ruble exchange rate fell to 79.52 per dollar, on April 5 – to 79.84 rubles.
As before knowledgeable socialbites.ca, car dealerships and private sellers supplying cars from abroad increased their prices by 10% with the fall of the ruble.