The economist gave advice on buying foreign currency by the summer


For a future summer vacation, you can already buy foreign currency, since the ruble exchange rate will not seriously decrease until the end of the summer. This opinion was expressed by Candidate of Economics and financial analyst Mikhail Belyaev on Thursday, May 22.
The expert assumed that the dollar exchange rate would be in the range of 82-85 rubles.
According to Belyaev, now is a good time to buy foreign currency, and dollars or euros need to be decided depending on the country you choose for your vacation. It is impossible to calculate which currency is more profitable to purchase — dollars or euros, under current conditions, he added.
"Now the Central Bank takes over-the-counter transactions as the basis of the course, that is, the Forex market is purely speculative and emotional. It is very, very difficult to predict where the emotions of buyers and sellers of the currency will turn next time," he said in an interview with Lenta.Ru .
In his opinion, the Central Bank artificially inflates the ruble's exchange rate against the dollar in order to justify its monetary policy.
Earlier in the day, the dollar exchange rate reached 78.96 rubles for the first time since May 2023. 360.ru .
According to Mikhail Zeltser, an expert at BKS Express, the ruble is supported by a high key rate, the geopolitical situation and the tax period, and today the ruble is even more profitable than gold, which has grown in price at a record high.
Evgeny Baboshkin, Head of Business Development at Prime Brokerage Service, told Izvestia on May 16 that the Russian currency has been strengthening against the US dollar and the euro for five months in a row. According to the expert, the main factor contributing to this trend was a significant decrease in the volume of purchases of foreign currency by Russian legal entities.
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