The economist predicted the future dollar exchange rate by the end of the year

The downward trend in the dollar may end before the end of this year. This opinion was expressed by Yuri Moseikin, Doctor of Economics, Head of the Department of National Economics at the Patrice Lumumba RUDN University of Economics, on Friday, December 5.

"Maybe even before the end of the year, everything will change. The fact is that the country's budget needs to be adjusted," he said in an interview with Lenta.Ru .

According to the expert, two factors will influence the growth of the dollar: the expectation of an increase in imports after changes in geopolitics, and the need to replenish the budget. According to Moseikin, the price of a dollar may rise in the foreseeable future to 80-82 rubles, RT reports.

Turning to a new course: what will happen to the ruble by the end of the year

Russian analysts have predicted developments in the foreign exchange market in the fourth quarter

On December 4, the dollar exchange rate on the interbank foreign exchange market dropped to 76 rubles for the first time in the last two and a half years. 360.ru .

Georgy Ostapkovich, Research Director of the HSE Center for Market Research, explained in an interview with Izvestia that the current quotation objectively reflects the balance of supply and demand from economic agents.

In turn, Alexander Shepelev, an expert on the stock market at BCS World Investments, noted that this year the shortfall in oil and gas revenues was almost completely offset by non—oil and gas exports, and daily sales of foreign currency under the budget rule from December 5 to December 30 would increase more than one and a half times - from 9.04 to 14.54 billion rubles. This, according to him, creates "significant support" for the ruble in a thin market, NSN reports.

On December 2, Russian Finance Minister Anton Siluanov, on the sidelines of the investment forum "Russia is Calling!", declared the unacceptability of establishing a currency corridor for the ruble, calling the floating exchange rate one of the foundations of macroeconomic stability. He stressed that the current ruble exchange rate is the average between the previously passed levels of 60, 70 and 100 rubles per dollar.

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