Next week the dollar will trade at 97-99 rubles. This forecast was given to socialbites.ca by an analyst at BCS Forex.
Anatoly Trifonov.
“The first week of the month is usually a decline for the ruble due to the decline in exporters’ foreign exchange sales. This was partly reflected in the Russian exchange rate dynamics on Friday. “Fundamental factors speak in favor of strengthening the ruble, but this will happen gradually and over a period of much longer than a week,” he said.
Dollar rate on the Moscow Stock Exchange on Friday exceeded 98 ruble sign, euro – 103 rubles.
Economist, professor of the Department of Finance and Banking at RANEPA Yuri Yudenkov guess Stabilization of the ruble exchange rate in December. He said that the current exchange rate of the Russian currency against the dollar and euro is largely speculative, and a rate of 90-95 rubles per dollar is sufficient. The Russian Ministry of Finance predicted that the ruble exchange rate would rise to 94.3 rubles per dollar by the end of 2023.
Minister of Economic Development of the Russian Federation Maxim Reshetnikov admitted that the dollar exchange rate could be established at the level of 94 rubles by the end of this year. Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov is confident that the ruble exchange rate will strengthen this year and this trend will continue next year.
Previously Gref spoke He is against solving problems with the ruble exchange rate according to the Chinese model.
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.