BCS World of Investments analyst Denis Buivolov gave a forecast for when the dollar might strengthen against the ruble.
He believes that with the arrival of autumn, the dollar exchange rate may begin to rise relative to the Russian currency.
It is possible that the dollar could approach the value of 100 rubles, but for this to happen certain conditions are needed, writes Gazeta.ru .
Conditions for dollar growth
For the American currency to strengthen, oil prices need to fall and tensions in the world need to increase.
However, at present such a scenario is unlikely.
According to Buivolov, the dynamics of the current account will influence the exchange rate in Russia until the end of 2024
Provided that exports are stable, imports can increase through the restoration of trade channels.
The analyst stressed that demand for currency from imports may exceed supply, which will affect the ruble.
The situation could also be complicated by the growing budget deficit.
Buivolov emphasized that a high key rate will help keep the ruble from falling sharply.
In his opinion, it will remain at 18% until the end of this year, thereby adding stability to the ruble.
