Sergey Suverov, investment strategist at Aricapital Management Company, explained to the agency “Hitting the Primer”Analysts take into account the usual and unexpected (variable) factors when forecasting the ruble exchange rate.
Mediocre factors include the balance of trade situation, fossil hydrocarbon prices, the level of interest rates and the dynamics of the international Forex market.
Insignificant (changeable) factors are: the ruble repurchase of $1 billion in VEB bonds, the suspension of the budget rule, the speeches made by officials in defense of the weakening of the ruble.
“Too many variable factors affect the exchange rate, which lowers the accuracy of the forecasts,” the expert said.
Russian ruble weakened Against the US dollar following trading results on the Moscow Stock Exchange on July 12. According to the data of the trading platform, the cost of 1 dollar increased to 58.94 rubles.
The euro rose to 59.46 rubles. At 18:59 “tomorrow” (Moscow time), the pay-dollar exchange rate rose by 4 kopecks, the European currency rate by 23 kopecks.
Previously, on July 12, representatives of the banks in the top 50 by assets, “socialbites.ca”The course is 70+ rubles. per dollar, it is the most affordable for most Russian exporters and manufacturers.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.