The expert predicted the ruble exchange rate for June

In June, the ruble may reach 83-87 rubles per dollar, but despite the significant strengthening of the national currency in recent months, the summer period is traditionally accompanied by an increase in foreign exchange rates. Olga Veretennikova, Vice president of the Borsell analytical company, told Izvestia on June 1.

"Over the past few months, the ruble has been actively strengthening against the dollar for a number of reasons. One of the main ones is the expectation of a positive outcome from the negotiation process on the situation in Ukraine. Investors hope that positive agreements can be reached in the near future, which, in turn, may lead to the easing or even lifting of sanctions previously imposed by the West," the expert explained.

According to her, the situation may change in June. In summer, foreign exchange rates usually rise. There are several reasons for the trend reversal: a reduction in the inflow of foreign currency from exporters, a recovery in imports and, as a result, an increase in demand for foreign currency. In addition, there may be changes in the limits of currency sales according to the budget rule.

The expert did not rule out that the Central Bank may begin easing monetary policy or give an appropriate signal, which will also put pressure on the ruble.

"The ruble exchange rate of 83-87 per dollar may be reached as early as June," Veretennikova summed up.

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On April 8, the Central Bank of Russia reported that the ruble strengthened in March due to a good trade balance and demand for ruble assets. At the same time, it is noted that due to the geopolitical situation and signals of maintaining tight monetary policy, the Moscow Exchange index showed negative dynamics at the end of the month.