Economist made a forecast on the dollar exchange rate until the end of the year

Candidate of Economic Sciences, financial expert Vladimir Grigoriev gave a forecast about the future of the ruble against the dollar on Tuesday, November 26, as well as named the factors that affect the rate.

According to the expert, the value of the U.S. currency is likely to remain above the mark of 100 rubles until the end of the year.

"The end of the year is a time that is associated with the purchase of goods, it is a period when people spend more. Since we have a lot of imported goods, pay for them mostly not in rubles, then, accordingly, the demand for foreign currency is unlikely to fall," he said in a conversation with Lenta.Ru.

He admitted that we can talk about the interval of 104-107 rubles per dollar.

The specialist added that currently oil prices do not affect the value of the ruble as significantly as before, as a very significant part of Russian oil is paid in rubles.

"This leads to the fact that now there is no direct connection between the cost of oil and the impact of this factor on the ruble exchange rate," he explained.

Grigoriev added that another important factor to which the value of the Russian currency reacts is related to problems in payment chains, as some suppliers want to receive primarily dollars and euros as payment for their imports. Therefore, there is an imbalance between the number of dollars flowing into the country and the number of dollars needed to pay for imports.

"The second factor that matters is that there is a fairly stable category of people in Russia who for many years have considered the dollar a more reliable investment than the ruble," he concluded.

November 25, a member of the expert council on the development of the digital economy at the State Duma Committee on Economic Policy Valery Tumin gave a forecast in a conversation with Life.Ru on the dollar exchange rate in December.

He admitted that the U.S. currency rate will fall below 100 rubles due to the tax period at the end of the month, as exporters will actively sell their foreign currency earnings, which will increase the demand for the ruble, RT reports.

In October, Capital Lab partner Evgeny Shatov told Izvestia that the ruble is supported by a number of circumstances, including the growth of oil quotations. In addition, the tight monetary policy of the Central Bank's Board of Directors remains an important factor, the expert added.