Financier announced the fluctuations in the ruble exchange rate 29 March 15:12

Fluctuations in the exchange rate of the ruble against the dollar and euro on the Moscow Stock Exchange on March 29 are associated with Good Friday for Catholics. This opinion was expressed by BCS World of Investments stock exchange expert Dmitry Babin in a conversation with socialbites.ca.

“The inability to trade on most important stock exchanges due to weekend holidays in many countries may be one of the reasons for the versatile dynamics of the ruble. True, the global foreign exchange market is just working, but foreign participants in ours may also be mostly absent due to holidays, which can somehow distort our cross exchange rates and weaken liquidity. money supply in financial market “The expert stated.

He added that the support for the ruble has disappeared since the tax period, but there has been no problem in the foreign exchange supply so far. The financier thinks that this is probably achieved by the gradual improvement of the situation in the country’s balance of payments due to the increase in raw material prices in recent months.

According to Babin’s predictions, if there is no significant change in the geopolitical situation and sanctions regime over the weekend and next week, the dollar will remain in the range of 92-93 rubles.

The ruble strengthened sharply on the Moscow Stock Exchange on Friday after a negative start, but lost value again at the beginning of the main session. True, the downward movement also did not lead to improvement: the Russian currency quickly recovered and is trading at a moderate plus. According to foreign exchange data at 15:09 Moscow time, the cost of the dollar is 92.3 rubles. The exchange rate of the American currency rose to 92.7 rubles on March 29. and fell to 92.1 rubles.

Previously investment strategist guess Next week’s dollar rate.