Dollar May Reach 30 Rubles In December

A slight dollar growth may continue on the exchange market for a while, but everything will mostly depend on the Central Bank of Russia. According to experts, if the volume of sales of export proceeds goes down for obvious reasons (oil prices are decreasing more rapidly compared to experts' forecasts), the dollar growth may be experiencing an even more rapid growth for some period of time. However, its changes will depend on the situation on the ruble interbank market. On the other hand, world oil prices will remain rather high for a serious devaluation of the ruble this year. Thus, no shake-up is likely to occur on the exchange market now. However, if experts' forecasts come true, the dollar may reach the 29.90-30.00-ruble level at the beginning of December. And the Central Bank will make all efforts to avoid this, even though the majority of traders favor a dollar growth now.

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Author`s name Editorial Team