Expert Chaslau Koniukh
  • Biography
  • Analytics
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Market terminology
  • Stock Market
  • World exchanges
Head of Sberbank German

Head of Sberbank German Gref: by the end of the year the ruble exchange rate may significantly strengthen its position

11.10.2020
2 min read

Head of Sberbank German Gref: the price of 60-62 rubles per dollar is quite possible

Head of Sberbank German Gref gave his forecast of the state of the national currency. He believes that by the end of the year the ruble will strengthen and one dollar will cost 60-62 rubles. The expert draws attention to the fact that Russian money remains dependent on world oil prices, and with fluctuations in the cost of raw materials, the national currency rate will also change. It is extremely difficult to predict exactly how the ruble will behave, so Gref relies on the forecasts of Henry Grobe, a well-known analyst. The latter says that by the end of this year the barrel of oil will be sold for 60-62 dollars per barrel. And due to the close dependence of the national currency on this raw material, one should expect changes in the rate within 60 rubles per dollar.
At the same time Gref stressed that it is necessary to take into account other factors, including the coronavirus pandemic, which may make adjustments to the developments in the world and local markets. In case of another wave of the disease, one should expect fluctuations of the ruble.
Another factor that the expert notes is the development of a vaccine against COVID-19, as well as measures aimed at economic stabilization. When the situation related to coronavirus changes from the economic to the medical plane, then we can talk about improvement of existing processes. And this statement is true not only for Russia, but also for other countries that are still trying to compensate for the losses caused by the pandemic.

Head of Sberbank German

So far, the rate within 60 rubles seems unlikely, but fixing the oil price at $40-45 may result in the figures of 65-70 rubles per dollar.
Last month, the rate was at the level of 70.89 rubles per dollar and was rapidly moving towards the level of 71 rubles. 79.48 rubles were asked for the euro, while the dynamics goes towards 80 rubles. So far there has been no stability in the oil market, which means there’s no reason to expect the rate to consolidate.
Fluctuations in the national currency were also observed on the eve of voting, it sank, but later regained its position. Investors’ fears about risky assets are also expressed; they want to reduce them by getting rid of the ruble.
However, the dollar itself is not so smooth either. Despite the reliability of the currency, its position is worsened by growing tension in trade relations with China, although the stock market shows good results.
Experts hope that by the end of the year the oil price will strengthen, and then we can talk about the ruble strengthening.

Share
0
Previous Post The head of the White House called upon the Federal Reserve to weaken the dollar Next Post The NYSE Stock Exchange may stop operating due to coronavirus

You Might Also Like

bubble in the market
Analytics
Analyst Julius Baer: there is a bubble in the precious metals market
19.01.2021
chaslau koniukh
Analytics
How the coronavirus crisis affected the stock offer: opinion of JPMorgan and Chaslau Koniukh analysts
11.09.2020
oil growth forecast
Analytics
Is oil growth possible: forecast by WSJ analysts
15.11.2020
Analysts have announced
Analytics
Analysts have announced a possible collapse of the stock market and bitcoin
23.05.2020
Tesla Inc
Analytics
Tesla Inc. is due to enter the S&P 500 Index: analysts overview
20.11.2020
volatility of the rate
Analytics
Goldman Sachs: cryptocurrency volatility prevents it from entering the asset class
27.08.2020

Recent Posts

  • 1Economy policy
    How Germany’s economy policy minimized the damage from the pandemic
    22.01.2021
  • 2Jio Platforms
    Indian telecommunications company Jio Platforms has received $9 billion in investments
    21.01.2021
  • 3Nasdaq Inc
    Nasdaq Inc has tightened its public offering rules for foreign companies
    20.01.2021
  • 4bubble in the market
    Analyst Julius Baer: there is a bubble in the precious metals market
    19.01.2021
  • 5Pexip
    Video communications service Pexip is planning an initial public offering in Norway
    18.01.2021

Popular Posts

  • Brazil’s investment: the country’s return potential 0
  • Margin requirements for the stock market: essence of the concept 0
  • Why the pound has fallen in the UK: the consequences of the Brexit procedure 0
  • SWIFT international system may not be used by Russia, India and China in the near future 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

Economy policy
How Germany’s economy policy minimized the damage from the pandemic
22.01.2021
Jio Platforms
Indian telecommunications company Jio Platforms has received $9 billion in investments
21.01.2021
Nasdaq Inc
Nasdaq Inc has tightened its public offering rules for foreign companies
20.01.2021

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

  • 1Economy policy
    How Germany’s economy policy minimized the damage from the pandemic
    22.01.2021
  • 2Jio Platforms
    Indian telecommunications company Jio Platforms has received $9 billion in investments
    21.01.2021
  • 3Nasdaq Inc
    Nasdaq Inc has tightened its public offering rules for foreign companies
    20.01.2021
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Biography

Expert Chaslau Koniukh: brief biography and path of formation

Let’s Socialize