The dollar exchange rate corridor will remain at 94-97 rubles until the end of September, while the euro will be traded in the range of 101-104 rubles. This prediction was announced to the newspaper “News” Vladislav Antonov, financial analyst at BitRiver.
According to the expert, many factors will affect the dynamics of the ruble. Firstly, this is the tax period that now supports the ruble. The second is Rosstat’s inflation data. Third, an optimistic budget for 2024 with a revenue growth forecast.
Antonov also stated that the Central Bank has completed the purchase of currency for the National Welfare Fund, which could be a signal for the ruble sale. After September 28, the ruble will also lose the support of tax-paying exporters.
Recently, the Ministry of Economic Development announced its forecasts for the value of American and European currencies against the ruble by 2026. As can be seen from the ministry’s forecast for 2024-2026, approved by the government, by June next year the dollar will cost 87.5 rubles.
Previously in Russia stated Foreign currency supply and demand balance.