The ruble will present a surprise in September: an analyst told what to expect from the rate in the near future
An expert explained what will happen to the ruble at the beginning of autumn.
Now the key mark is 90 rubles per $1. But where will the rate go next? There is a possibility that the national currency will weaken.
Analyst Vladislav Antonov expects that in the coming weeks the rate will rise to 93.5 rubles, Prime reports.
At the same time, there is a possibility that the ruble will strengthen and reach levels in the region of 88–89 rubles or lower.
In the current environment, forecasting the exchange rate is a more difficult task than it was before.
Now the influence comes not from the exchange, but from the balance of supply and demand on the over-the-counter market. Geopolitics and possible measures of the Central Bank also play a role if the rate jumps to 98 rubles and higher.
A rate below 90 rubles may occur in the conditions of the so-called “thin market”.
This is a situation where there are few buyers and sellers on the market. In such conditions, even small transaction volumes can seriously swing the price.
In the current conditions, even investors cannot imagine an accurate picture of what will happen to the ruble in the near future.
“Right now, investors are like blind kittens in the market, because there is no transparency among the participants,” the analyst emphasized.
The euro's trading range in September will be around 97–106.75 rubles, and for the yuan it will be 11.55–12.45 rubles.
