Expert Chaslau Koniukh
  • Biography
  • Analytics
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Market terminology
  • Stock Market
  • World exchanges
dollar has reached

The dollar has reached its limit: what will happen to the rate in the future

30.12.2020
2 min read

Analysts: USD reached over 74 rubles: prospects for the national currency

The other day, the dollar reached the level of 74.50 rubles, showing an increase of 1.33 rubles per day. The euro was standing within 88 rubles, which also indicates the decline in the national currency. Such values have been observed in the market for the first time since March.
According to experts, the decline of the ruble in currency pairs is due to the internal demand growth in the local market, which can be seen against the background of dividend conversion. According to analysts of Rosbank, now is not the best time for the ruble. In addition to the impact of global negative factors, the national currency is under pressure of local features, for example, the OFZ segment, which is experiencing instability. Acquisition of dollars for the purpose of hedging long positions in public debt also plays its role.
In addition, the exchange rate changes due to the expiration of tax payments, as well as due to the reverse conversion of dividends received by foreign individuals. Non-residents actively convert rubles into dollars and euros, which creates problems for the exchange rate.
Experts of the investment company “Finam” note that the dollar rate to the national currency has reached a certain limit, after which it may become even more expensive. Analysts do not rule out the mark of 75 rubles per dollar, but they do not share the opinion that the reason for the reverse conversion of dividends.

dollar has reached

The central bank announced a balance of funds received as a result of the sale of Sberbank, with the values of unbought currency, which was postponed back in 2018. And in the coming months the results of this procedure will not be placed on the market. Besides, the segment is in a suspended state due to instability of oil quotations. Another point is the reduction of currency sales by the main regulator, all these factors affect the ruble and make it vulnerable.
Analysts are optimistic and confident that the national currency will stabilize soon. If geopolitical risks do not affect it, it may settle within 70-75 rubles per dollar. Weakening of the rate is temporary, and no sharp collapse is expected. Therefore, do not panic and buy the U.S. currency – fluctuations will not last long, and such excitement may play against the positive dynamics. This situation was observed in April, when many people began to actively buy the dollar, assuming that the national currency will sit even longer. But a little time has passed and the rate has strengthened. According to the authorities, the ruble value is quite balanced by oil prices. Of course, there is no point in expecting the rate to recover to the values that were observed before the pandemic, but there will be no serious decline either.

Share
0
Previous Post Placement of federal loan bonds: how the budget is filled with government paper Next Post Bitfinex exchange has launched its social network for traders

You Might Also Like

shares of gold mining companies
Analytics
VanEck investment company: shares of gold mining companies are becoming more expensive
10.11.2020
stock market growth
Analytics
Goldman Sachs: when to expect stock market growth
03.02.2021
expert Chaslau Koniukh
Analytics
Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.
30.05.2020
Bitcoin price drops
Analytics
How likely is it that Bitcoin will drop: Newsbtc analysts
12.08.2020
Oil prospects
Analytics
Oil prospects for the current year from Citi analysts
25.03.2021
chaslau koniukh
Analytics
Risks of investing in airline stocks: opinion of ICB and analyst Chaslau Koniukh
07.08.2020

Recent Posts

  • 1minimize risks
    Bank of Russia recommends the Moscow Exchange to minimize the risks of contracts with negative prices
    10.04.2021
  • 2Disney Plus
    Corporation analysts: prospects of Disney Plus streaming service
    09.04.2021
  • 3Tencent Company
    Tencent company pressed Facebook and became the leader of the social networks segment
    08.04.2021
  • 4financial trap
    The Chinese government can expect a financial trap
    07.04.2021
  • 5Ingvar Kamprad
    Ingvar Kamprad: biography of the founder of the famous IKEA store chain
    06.04.2021

Popular Posts

  • American Stock Exchange: the history of the American Stock Exchange 0
  • Free margin and leverage: basic concepts on the Forex exchange 0
  • Alice Walton: how does the heiress of the Walmart family empire live 0
  • Where will the first Tesla plant in Europe be located? 0

Social

Editor's Picks

Chaslau Koniukh

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

minimize risks
Bank of Russia recommends the Moscow Exchange to minimize the risks of contracts with negative prices
10.04.2021
Disney Plus
Corporation analysts: prospects of Disney Plus streaming service
09.04.2021
Tencent Company
Tencent company pressed Facebook and became the leader of the social networks segment
08.04.2021

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh is an international financial expert, a professional investor, an experienced analyst and a practicing trader. He advises European entrepreneurs; holds lectures on investment topics; is the author of scientific articles on work at the stock market.

Recent Posts

  • 1Caesars Entertainment
    Caesars Entertainment Company now owned by Eldorado Resorts
    11.04.2021
  • 2minimize risks
    Bank of Russia recommends the Moscow Exchange to minimize the risks of contracts with negative prices
    10.04.2021
  • 3Disney Plus
    Corporation analysts: prospects of Disney Plus streaming service
    09.04.2021
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Biography

Expert Chaslau Koniukh: brief biography and path of formation

Let’s Socialize