In the autumn, there may be a moderate weakening of the ruble exchange rate, the dollar may cost 94-96 rubles, and the euro 105-107 rubles. About this “BUSINESS Online” It has been said Alexander Potavin, analyst at Finam Financial Group.
According to him, this situation will continue until the end of 2024.
“The dynamics of oil prices in August were quite volatile, but we must admit that on average they were 7% below the July values. At the same time, Russia’s oil export volumes have been decreasing in recent weeks. This means that the flow of foreign exchange to the Russian Federation will decrease in the next 1.5-2 months,” he said.
In addition, the exchange rate of the national currency will be negatively affected by difficulties in cross-border payments, high budget expenditures, traditionally fixed until the end of the year, and a decrease in import volumes due to rising inflation.
Director of the Financial Markets Operations Department of Russian Standard Bank Maxim Timoshenko previously spokeHe said that from September 2 to 6, the dollar exchange rate will fluctuate around 90-92 rubles, while the euro will be traded in the range of 99-101 rubles. According to him, the tight monetary policy (MCP) of the Central Bank of the Russian Federation continues to support the Russian currency.
Previously Dotcom statedIt is worth supporting BRICS efforts to abandon the dollar.