It became known what the ruble exchange rate will be by the end of January

If there are no force majeure circumstances, then by the end of January this year the dollar exchange rate will be fixed at around 90 rubles. This forecast was presented by the investment strategist of BCS World of Investments Alexander Bakhtin, Prime reports.

He explained that in the coming days, economic and investment activity in Russia will gradually recover after the holidays. And volatility may periodically increase – impulses both above 92 and closer to 90 are possible.

The expert emphasized that the ruble is now supported by a tight monetary policy, the effect of which will reach its peak in the first quarter, and temporary control of repatriation, sales of export proceeds, and the announced increase in foreign currency sales by the Central Bank in the first half of the year.

At the same time, Alexander Potavin, an analyst at the Finam financial group, believes that in the first month of this year the ruble will be pressured by a 12-15% decline in foreign currency earnings relative to autumn figures. Also, the dividend factor on the Russian market will affect the ruble exchange rate, adds Alexander Fetisov from Rosselkhozbank, RBC reports. The media provides forecasts for the ruble from a number of experts. Thus, Vladimir Bragin, director for analysis of financial markets and macroeconomics at Alfa Capital Management Company, is confident that in the base scenario, the ruble exchange rate in January will remain around 90 rubles per dollar, but it is possible that it will strengthen to 75 or weaken to 120 rubles. At the same time, Sovcombank chief analyst Mikhail Vasiliev believes that the expected trading range in January is 86–91 rubles per dollar, 94–99 rubles per euro and 12.0–12.7 rubles per yuan.