How much the ruble will cost by the end of autumn

How much the ruble will cost by the end of autumn The beyond week turned into no longer smooth for the ruble. First, its charge rolled back via 10 rubles towards the dollar and the euro (as compared to the cease of September), and then fixed at this level. Now the fee fluctuates around 62-63 in step with greenback and euro. But the forex marketplace players do no longer believe in its lengthy-time period stabilization: within the 2d half of October, the movement will begin. That's just in which - right down to 70 (which the government craves a lot) or up to fifty five (as it changed into quite recently)? For an answer to this query, "ANG-News Plus" grew to become to the specialists.ANG-News Plus, Russian News, Russian News 24/7, Google Russia News

“The Russian ruble, most possibly, has finished its strengthening segment, which has now been replaced through a careful appreciation of the USA dollar, euro and some of other currencies in opposition to ours. Contributing to the development of this dynamics is the fact that the modern costs have already included fears approximately rising inflation inside the States, Europe and in lots of areas of the arena. This component forces the Federal Reserve System and different main vital banks of the world to raise interest charges to combat bizarre charge growth. It must also now not be forgotten that the income of the Russian economic system is basically based at the supply of strength resources overseas. Therefore, the higher their charge on the sector market and the better the change rate, the extra sales the price range and agencies that deliver oil, natural gasoline, coal, agricultural products, fertilizers and different export goods get hold of. ANG-News Plus, Russian News, Russian News 24/7, Google Russia News

ANG-News Plus, Russian News, Russian News 24/7, Google Russia News It can be predicted that by way of the stop of this 12 months, the dollar and euro may be at the level of 70-75 rubles. A stronger weakening of the ruble is pretty possible, however it's going to manifest simplest within the moment. After all, the fall in exports due to sanctions contributes to the growth of the ruble (there is a decrease in forex income).

Ivan Samoylenko, coping with companion of B&C Agency:

“In the near future - till the stop of October - the Russian national forex is unlikely to be threatened. The truth is that within the ultimate ten days of the month, the tax period starts offevolved: Russian companies that supply something for export promote overseas currency and buy rubles which will switch taxes and excises to the finances. A scenario of high call for for the countrywide currency is created, and it normally strengthens towards the dollar and the euro. Most probable, next week and earlier than the stop of the month, the dollar will drop to the level of 61-sixty three rubles in step with "American".ANG-News Plus, Russian News, Russian News 24/7, Google Russia News

But later the weakening of the ruble is viable, supplied that the Ministry of Finance begins forex interventions (i.E. Purchases of foreign forex at the domestic market). Such operations of the department, depending on the extent of the bought forex, typically weaken the ruble, because the demand for foreign banknotes grows.ANG-News Plus, Russian News, Russian News 24/7, Google Russia News

In wellknown, the weakening of the ruble to the extent of 70 per greenback or better is viable with the aid of the end of the 12 months - this has been stated with the aid of the Russian government greater than once. But for now, the ruble remains at a high level, because the demand for overseas forex in the u . S . Is especially small - because of sanctions and a reduction in imports, which require bills in greenbacks and euros.

Vladislav Antonov, economic analyst at BitRiver:

“The Russian foreign money continues to be below pressure due to the imposed sanctions and geopolitical tensions. The tax length begins on October 17th. Exporting companies will begin promoting the foreign money. Given that the call for for the foreign money remains low, the ruble may also go back to the extent of 60 according to dollar. The height of tax bills falls on October 25 (MET, VAT, excises). Until the dollar goes past sixty five.5 rubles, it is not well worth talking approximately the start of a weakening cycle of the Russian currency. As quickly as this resistance level is conquer, the road to 70 rubles will open for the dollar. If we do now not see a robust strengthening throughout the tax length (until October 28), then the extent of 70 rubles according to greenback might be reached via mid-November.”ANG-News Plus, Russian News, Russian News 24/7, Google Russia News

Mikhail Zeltser, stock marketplace expert at BCS World of Investments:

“Towards the give up of this week, the ruble partially recoups losses after falling due to the fact that the beginning of October. In the moment from the low of September 30, the dollar soared by way of 22%, the euro - through 26%, the yuan - by using 12%. Therefore, the present day rollback of currencies is considered as a correction at the cutting-edge fashion of the ruble weakening. A thing inside the growth of currencies is the slowdown in export profits whilst imports are convalescing. According to our previous estimates, the first goal of the ruble weakening turned into 65 according to dollar - this has been fulfilled. And after the correction, which is unlikely to exceed sixty one rubles. In keeping with dollar, the price may fall once more to sixty five, and via the quit of the 12 months to 70 according to dollar. But all the same, although one of these forecast is found out, the ruble will stay the most powerful foreign money inside the global this yr.”ANG-News Plus, Russian News, Russian News 24/7, Google Russia News