Analyst tells Russians when to expect ruble strengthening
The Russian ruble may begin to strengthen in early 2025.
Senior analyst of UK Pervaya Natalia Vaschelyuk announced the details of the forecast for the growth of the ruble.
She predicts the strengthening of the ruble due to the seasonal decline in business activity and a reduction in import volumes, the article in Gazeta.ru emphasizes.
In recent days, the Russian currency has been weakening. According to the expert, this is influenced by temporary factors, volatility of supply and demand on the currency market.
The analyst notes that exchange rate instability may be observed until the end of this year.
Vaschelyuk believes that the dollar will temporarily consolidate in the region of 100 rubles.
However, stabilization is expected from January 2025 due to a reduction in economic activity at the beginning of the year.
Along with the reduction in the volume of import purchases, the ruble will strengthen its position.
According to Vaschelyuk, the current fluctuations in the currency market are a temporary phenomenon.
The exchange rate situation may improve if no crisis situations arise in the economy.
For reference
An exchange rate is the price of one country's currency expressed in units of another country's currency.
