The US presidential elections in November and political uncertainty may affect the dollar/ruble exchange rate. In the case of “black swans” the price of the US currency can rise to 95 rubles, and in the case of a very negative external background – to 100 rubles. This forecast was given to socialbites.ca.
economist, Andrey Loboda, BitRiver’s communications director.
“The ruble behaves unusually whenever there are “black swans”. That is, when impossible or very difficult to predict events occur. “Perhaps the greatest probability of the emergence of “black swans” on the forex market will occur in November – early December and may be associated with the presidential elections in the United States,” the expert said.
Due to low rates on foreign exchange deposits (up to 5% per annum on average – socialbites.ca), he did not recommend buying dollars at the moment. Loboda explained that ruble deposits now allow you to earn a decent amount of money (18-22% per annum), and investments in gold can save your savings from inflation.
More details on our material .
Previously an expert guess Dollar, euro and yuan rates for autumn.