The dollar will not reach triple digits in July’s wave of strength against the ruble. About this in an interview with the newspaper “Izvestia” declaration Mikhail Sukhov, Managing Director of the ACRA rating agency, former Deputy Governor of the Central Bank.
“Globally, the ruble exchange rate depends on the state of the trade balance. The more the importers need, the more expensive it is in the market. The more exporters earn and the more dollars and euros they convert in the domestic market, the stronger the ruble will be. “My estimations are that the dollar won’t go to triple digits,” he said.
Sukhov expects the average value of the dollar to be 80-85 rubles in 2023. “American” per unit. The euro will fluctuate at the level of 7-8 rubles. He added that it is over $.
On July 6, the dollar and the euro rose to their highest values since March last year in the auctions on the Moscow Stock Exchange. The maximum signs of American and European currencies were 93.5 rubles. and 102 rubles. respectively. But at midday the rates were set at 92 rubles. and 100 rubles.
Former Financial Analyst announced The reason for the decline of the ruble.