Sberbank analysts predicted the dollar at 65 rubles at the end of January. The strengthening of the ruble will be affected by the resumption of the budget rule – the Bank of Russia has again begun to conduct foreign exchange transactions on the domestic market.
SberCIB Investment Research analysts presented a short-term forecast for the ruble exchange rate.
Experts suggest that by the end of January the US dollar exchange rate will fall to 65 rubles. According to current data at the time of publication, it is 67.7 rubles. The Chinese yuan, for its part, will drop in price to 9.5 rubles.
The main argument of analysts in forecasting the ruble is the renewal of the fiscal rule. The Bank of Russia again began to conduct foreign exchange transactions on the domestic market, which surprised it – on Wednesday the ruble strengthened by 2%.
Previously, the Bank of Russia did not sell Chinese yuan on the local market, as this currency was considered illiquid, experts said. Now the yuan is a complete replacement for the dollar and the euro, added SberCIB Investment Research.
The Ministry of Finance is going to put up for sale foreign currency worth 54.5 billion rubles from January 13 to February 6. This decision was made to maintain stability in the face of “volatile energy market conditions.”
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