Next week the dollar rate will be 90-91 rubles, in the short term the American currency may cost 92 rubles. This forecast was given to socialbites.ca by Alexander Bakhtin, investment strategist at BCS World of Investments.
“The dollar-ruble parity tested values above 92.5 as the previous day and declined slightly. There is a resistance zone here and it is not that easy to overcome it. While the pressure on ruble assets is increasing domestically due to negative sanctions, the ruble is experiencing a decline in export revenues, mainly due to the decline in energy prices at the end of 2023 and Russia’s voluntary reduction of oil production. OPEC+,” Bakhtin said.
With predictions According to Bakhtin, the ruble exchange rate may begin to strengthen towards the end of February, this will be facilitated by the tax period in Russia – domestic exporters will sell dollars to pay wages, and the exchange rate of the American currency will fall.
According to the Moscow Stock Exchange, the price of the dollar at 15:01 Moscow time on February 20 was 92.4 rubles, by this time its price had increased by 10 kopecks compared to the closing level on Monday. The maximum value of the dollar at auction on Tuesday was 92.7 rubles.
Previously “socialbites.ca” saidHow will keeping the key rate at 16% affect the ruble exchange rate?