The analyst predicted the strengthening of the ruble against the dollar
Quick Look
- Financial analyst at BCS World of Investments Andrey Smirnov predicts the strengthening of the ruble to 83 rubles per dollar at the end of September.
- The main growth factors were identified as rising oil prices, a decrease in foreign currency purchases by the Ministry of Finance and the tough policy of the Central Bank of the Russian Federation.
AI-generated summary
Why It Matters
The ruble exchange rate depends on oil prices and the key rate of the Central Bank. The fiscal rule regulates the volume of currency purchases by the government.
In the short term, the ruble may strengthen against the dollar. This forecast was given by financial analyst of BCS World of Investments Andrey Smirnov, his words are quoted by Prime.
The ruble will be supported by several factors, the expert noted. Among them, he included the rise in world oil prices due to another escalation in the Middle East and a decrease in the volume of currency purchases by the Ministry of Finance within the framework of the budget rule.
In addition, the tough monetary policy of the Central Bank (CB) also plays into the hands of the ruble, Smirnov noted. The key rate remaining at a high level makes ruble deposits attractive to the population, which also supports the Russian currency.
Against this background, Smirnov predicted, the dollar exchange rate in the third decade of September could fall to 83 rubles. However, volatility in the currency pair may increase; much in this regard will depend on geopolitical signals, the analyst stated.
What to Watch
AI outlook — possibilities, not facts
The dollar exchange rate may fall to 83 rubles in the third ten days of September.
Speculative · Within weeks
Open Questions
- How will geopolitical signals change in the near future?
