The dollar exchange rate will not exceed the 92 ruble threshold in the near future. This was stated by Elena Kornilova, Associate Professor of the Department of Corporate Finance and Management at the Financial University of the Russian Government. kp.ru.
He states that the dollar exchange rate depends on many interrelated factors, from the oil price to the tax revenues to the budget, from the export-import ratio to the Central Bank’s measures.
In this regard, according to Kornilova, the dollar exchange rate will not show any significant changes in March and is unlikely to exceed 92 rubles per dollar. His forecast was supported by Evan Golovanov, the founder of Multiplier Financial Club, who believed that in the best case the rate could fall to a maximum of 89 rubles and the euro could fall below 100 rubles.
Quarterly tax payments, which are expected to be due at the end of March, will have a positive impact on the dollar exchange rate. The rise in oil prices due to transportation problems in the Red Sea will also have an impact.
Previously financier Kornilov appreciatedWhat factors will affect the dollar exchange rate in March?
Previous Analyst guess Next week’s dollar rate.