The high demand for foreign currency in November is due to the habit of Russian citizens to buy dollars and euros during market fluctuations. In our conversation with the following person on this subject: “Lentoy.ru” said Candidate of Economic Sciences, finance expert Vladimir Grigoriev.
He noted that this was due to the traditionally established attitude towards foreign currency for almost the entire post-Soviet period, since the dollar and euro are more reliable than the ruble.
The expert also advised not to rush into buying foreign currency.
“These trends intensify when the ruble begins to weaken, as in the autumn. Although there is no need to buy in a growing market, everyone buys with the fear that the ruble will fall further. This largely motivated the demand,” explained Grigoriev.
Although the American currency has regained some of its losses in recent days, the ruble’s strengthening trend in recent weeks will most likely continue.
“The dollar can be bought cheaper than it is now, so I wouldn’t rush,” he added.
The other day, BCS World of Investments analyst Denis Buivolov said that in the basic scenario, the dollar exchange rate will change next week. will be 90-92 rubles.
Russians before become Actively buy dollars and euros.