What will happen to the dollar exchange rate in the near future? Financial market analysts interviewed by FXteam.ru tried to answer this question.
They note that so far the exchange rate has been fixed at about 90 rubles per dollar. It is likely that until the spring of 2024 the ruble will be able to maintain its position, and the dollar exchange rate will fluctuate in the range from 82 to 95 rubles, economist Alexander Sedov believes, writes the NEWS.ru portal. He suggests taking into account geopolitical events and the internal economic situation in Russia that affect the ruble exchange rate. According to his forecast, the main peak in dollar growth may occur after the presidential elections in March. It is possible that the range will reach 100-120 rubles per dollar.
According to Finam Financial Group analyst Alexander Potavin, a new wave of ruble devaluation may begin in April – May 2024, writes the Banki.ru portal. He noted that at the beginning of 2024, the stabilization of the ruble exchange rate will be facilitated by the actions of the Central Bank – if the oil price is at the level of 88–90 dollars per barrel, the regulator may switch to net purchases of foreign currency.
“Given the significant increase in state budget expenditures, the situation in 2024 may become tense,” the analyst believes. By the end of 2024, the dollar exchange rate may rise to 102–105 rubles, and the euro exchange rate to 108–114 rubles, the expert predicts.
The head of the analytical department of BKF Bank, Maxim Osadchiy, also expects a significant weakening of the ruble in 2024. He is also confident that in 2024 the level of 100 rubles per dollar will be broken again. “However, reaching the level of 200 rubles per dollar in the coming year is unlikely,” the analyst reassures.
Earlier, the expert explained why everything is becoming more expensive in Russia and what will happen to prices next.
Source: Rosbalt
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