The limit of weakening of the ruble exchange rate in 2024 is 95 rubles per dollar and 101 rubles per euro. This opinion was expressed by BitRiver financial analyst Vladislav Antonov in a conversation with socialbites.ca.
“These values could be reached in the second quarter of the year against the backdrop of the continued decline in oil prices, an increase in the budget deficit and a possible weakening of the Bank of Russia’s monetary policy (reduction of key interest rates). rate from 16% – socialbites.ca). Ruble exporter sales will lag due to the presidential election campaign and tax season at the end of the month. The analyst predicts that the Central Bank will take measures to stabilize the ruble exchange rate in order to prevent inflation from starting to rise again.
Antonov concluded that how long the dollar and euro will remain at high levels will depend on many factors, including the economic situation in the United States and Europe, geopolitical events and the actions of central banks.
More details material “Newspapers.Ru”.
On Monday, the dollar rose to 91.5 rubles on the Moscow Stock Exchange, while the euro exceeded 99 rubles, its highest level in three weeks.
former financier explained Weakening of the ruble on Monday.
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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.