The exchange rate of the dollar against the ruble in March 2024 will be affected by the results of the presidential elections, oil prices and other factors. This was reported by Elena Kornilova, Associate Professor of the Department of Corporate Finance and Corporate Governance at the University of Finance under the Government of the Russian Federation. transmits Project “Dandy”
According to him, the US currency could rise in mid-March after the elections due to political uncertainty and other countries’ reaction to the results. The expert also stated that the ruble exchange rate directly depends on the oil price, and if it falls, the national currency will also fall.
Kornilova noted that the decision on the compulsory sale of foreign currency earnings of some exporters, as well as the high interest rate of the Central Bank, helped stop the growth of the dollar.
“I don’t make doomsday predictions about the exchange rate. “It will most likely remain in the range of 89-92 rubles per dollar,” he concluded.
Candidate of Economic Sciences, Director of the Federal Financial Literacy Methodological Center, Associate Professor, Department of Global Financial Markets and Fintech, Russian University of Economics. GV Plekhanov Denis Perepelitsa before said “socialbites.ca” says that the dollar exchange rate in March will be in a wide range from 87 to 92 rubles.
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