Analyst predicted that demand for foreign currency among Russians will increase by mid-December 07:39

Russians’ demand for cash dollars and euros will increase until mid-December. This forecast was given to socialbites.ca by Pavel Zhuravlev, head of the investment analytics department of Renaissance Bank.

“In an environment where the supply of paper money is limited in Russia, it can be expected that the majority of those planning to spend the New Year holidays abroad will have decided to purchase the required amount of money. “Therefore, it is possible that the demand for paper money will increase until mid-December and gradually decrease in the last decade before Christmas,” he explained.

He recommended distributing the amount of dollars and euros purchased among various transactions within a month. The expert explained that this is best done in order to minimize the risk of purchasing foreign currency at the most unfavorable rate.

“Given that the current ratio of currencies received for exports and paid for imports is close to parity, the ruble exchange rate against the dollar and the euro may experience strong short-term fluctuations depending on exactly what moments foreign exchange market participants decide to enter into. turned into transactions “, said Zhuravlev.

What will be the dollar and euro exchange rates in December? material “Newspapers.Ru”.

Formerly investment strategist guess Dollar exchange rate for the near future.



Source: Gazeta

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