At the beginning of 2024, the value of the dollar will remain in the range of 90–92 rubles. This forecast was given by Dmitry Babin, an expert on the stock market at BCS World of Investments.
According to him, in the last sessions of the outgoing year, the Russian currency regained almost all of its December losses against the dollar against the backdrop of its active decline on the world market. This was facilitated by the high key rate and the large obligations of exporters introduced in October to return and sell foreign currency earnings, the economist explained.
He added that the ruble usually shows worse results in January, as in December, which is due to the inertia of the dynamics at the end of the year, as well as reduced liquidity at the beginning of the new one. He did not rule out the possibility that multidirectional movements may continue in the future.
It was previously reported that the foreign exchange market is counting on the strengthening of the ruble after the New Year holidays, as usually happens in the first quarter against the backdrop of tax, budget and foreign trade factors. It was noted that exchange rate forecasts for 2024 fluctuate in the range of 85-100 rubles per dollar. At the same time, 12 out of 17 analysts surveyed by the Vedomosti newspaper predicted that next year the dollar exchange rate will be 90–95 rubles. And only two expect that the dollar may be more expensive (up to 100 rubles), and three, on the contrary, expect that the rate will drop to 85–87 rubles per dollar.
Source: Rosbalt
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