Unusual increase in the ruble: The ruble began to strengthen at the beginning of the year and he still does it at an impressive pace. At the beginning of the year, you could buy as many as 115 rubles for 1 euros, on Tuesday, February 25, it is only 90 rubles. The dollar exchange rate to the Russian currency fell from 110 to 86.5 rubles. Within two months dollar and euro They lost a quarter of their value.
That's why rubles are growing: The Russian currency strengthens in connection with the hopes at the end of the war. It also strengthens sales currency by exporters who previously collected cash on taxes. Hardly anyone expected such a Russian strengthening currency And in January Many people played for further declines. In the face of the weakening of foreign currencies, however, such items must be closed, which further strengthens the ruble – IFC Solid analysts believe.
Problematic strengthening: The Russian Minister of Development Maksim Restornikov said that the course of 88 rubles per dollar is more than expected, looking at the payment balance. He added that For many industries, e.g. coal mining, such a ruble course is a big problem. Fertilizer producers also suffer – he added – although not so much.
Davor devaluation? T-Investment analysts believe that such a course will not last long. But If nothing changes, the Russian authorities will consider weakening their currency. Experts say that the rubel is currently as re -evaluated as it was undervalued in November and December. In their opinion, we can end the year with a rate of 101-105 Rub./dol. Similarly, other analysts say who expect to Strengthening the ruble is coming to an end.
Sources: Moscow Times, IFC Solid, T-Investments