Analyst predicts dollar exchange rate in August: what Russians can expect

01.08.2024 11:43

Neomarkets chief analyst Oleg Kalmanovich gave a forecast for the dollar exchange rate in August.

The American currency will trade in the range of 84.7–89.2 rubles this month.

Demand for euro and yuan will remain within the range of 91.1–95.6 rubles per euro and 11.7–12.1 rubles per yuan, Izvestia writes.

According to Kalmanovich, the forecast exchange rate in August will fluctuate from 84.7 rubles to 89.2 rubles per dollar.

The euro to ruble exchange rate will not exceed 91.1–95.6 rubles per euro.

dollars
Photo: © TUT NEWS

In August, trading in the Chinese currency is possible in the range of 11.7–12.1 rubles per yuan.

The expert pointed out that the strict monetary policy of the Bank of Russia is a strengthening factor for the ruble.

At the same time, rising prices will accelerate inflation and put pressure on the ruble.

Elena Gutyro Author: Elena Gutyro Editor of Internet resources