In the spring of 2024, the dollar will trade in the range of 85-90 rubles. This forecast was given to socialbites.ca by Candidate of Economic Sciences, Director of the Federal Financial Literacy Methodological Center, Associate Professor of the Department of Global Financial Markets and Fintech of the Russian University of Economics. GV Plekhanova Denis Perepelitsa.
“In the spring, the ruble rate will most likely fluctuate in the range of 85-90 rubles per dollar, depending on the actions of the Central Bank of Russia, the sale of foreign currency earnings by exporters and the situation in world oil prices. For now, trends are that the ruble will most likely be supported by rising oil prices. However, this fact may serve as the basis for reducing the support provided by the government and the Central Bank of Russia to the ruble in order to ensure the stability of the ruble,” commented Perepelitsa.
He explained that if oil prices do not increase, most likely the state will participate in supporting the ruble exchange rate and will ensure that the exchange rate is fixed within a certain range.
Since the beginning of this year, the ruble exchange rate has been strengthening against the dollar and euro. On the Moscow Stock Exchange on Tuesday, the American currency fell to 87.5 rubles for the first time since June last year, while the European currency fell to 95.3 rubles. What could be the limit of the strengthening of the ruble exchange rate in 2024? material “Newspapers.Ru”.
Previously the real effective exchange rate of the ruble decreased More than 20%.