In November this year, Russian demand for dollars and euros reached almost record levels; The public bought 160 billion rubles worth of currency in one month. That’s a third more than the October number. he is writing The newspaper “Kommersant” referred to the study of the risks of the financial market of the Central Bank of the Russian Federation.
Mikhail Korolyuk, head of the trust management department of the investment company Solid, suggested that citizens in this way make it clear that they are confident in the temporary strengthening of the ruble exchange rate. At the same time, the expert considered this strategy not the most thoughtful step, since the Moscow Stock Exchange could fall under Western sanctions at any time, and the fate of assets in this case is uncertain.
“Those who buy the dollar do not believe that the exchange rate will be maintained. “But if I had the idea to speculate on the dollar, I would buy futures,” he said, adding that he did not currently have information on whether the U.S. currency remained on the stock market.
According to the Moscow Stock Exchange, the cost of the dollar at 17:30 Moscow time on Friday is 91.5928 rubles, while the euro is 98.454 rubles. The American currency fell by 50.72 kopecks compared to Thursday’s closing level, and the European currency fell by 1.13 rubles. Since this morning, the ruble exchange rate has been actively depreciating against world currencies, but soon began to regain lost ground.
Dmitry Babin, stock market expert at BCS World of Investments aforementioned socialbites.ca said that current oil prices are negative for the ruble exchange rate. The North Sea benchmark Brent was trading in a range of $73-$76 a barrel on Friday.
former financier suggestedRussian exporters now sell foreign currency in cash.