The dollar rate for the coming week will practically remain unchanged and will be at the level of 80-81.5 rubles. About this RT declaration private investor Fedor Sidorov, founder of Practical Investment School.
“Next week the dollar rate will be in the range of 80-81.5 rubles, the euro rate will be at the level of 88-89.5 rubles,” Sidorov said.
According to him, although oil prices guide the ruble exchange rate, the national currency will be supported by the start of the tax period.
He added that after the end of the tax period, the ruble exchange rate will change, that is, the indicator of oil supply and the level of the budget deficit will become a key factor. In other words, the ruble exchange rate may weaken a little at the beginning of May.
On the website of the Moscow Stock Exchange early Friday reportedthat the ruble at the beginning of trade is declining against US and Chinese currencies. The current dollar exchange rate rose to 81.67 rubles, and the yuan to 11.83 rubles. The euro exchange rate stabilizes around 89.54 rubles.
Before that, economist Fattah Mustafa said that at the moment the Russian ruble is one of the most worthless currencies in the world. The current exchange rate of the ruble against the dollar is largely speculative, with the actual value of the US currency currently in the range of 25-35 rubles.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.