After the US presidential elections, the dollar will cost 94-95 rubles. This forecast was given to socialbites.ca by Albert Koroev, head of the stock market experts department of BCS World of Investments.
“We expect the ruble to weaken to about this level in the second half of the year. Among the assets exposed to foreign exchange, substitute bonds look interesting. The ruble exchange rate is mainly affected by the balance of export and import flows, which has deteriorated due to sanctions. We expect the problems with import payments to be resolved gradually, but sanctions will increase the cost of import payments,” he said.
According to him, the demand for foreign currency will increase and the dollar exchange rate will rise. Koroev also concluded that in the summer months, standards for compulsory repatriation and the sale of foreign exchange earnings of Russian exporters were lowered.
Currently, the cost of the dollar in the over-the-counter market is almost 89 rubles.
The next US presidential election is scheduled to be held on November 5, 2024. This will be the 60th presidential election in the country’s history, electing the 47th President of the United States.
Previously an expert guess Dollar, euro and yuan exchange rates until the end of the year.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.