“In February, the dollar can cost from 87.35 to 93.4 rubles, the euro - from 94 to 101 rubles, and the yuan - from 12 to 12.9 rubles. The ruble will be affected by the mandatory sale of foreign currency earnings by exporters. At the beginning of the month, the ruble will be influenced by the results of the Fed’s decision on the interest rate, announced on January 31, and the OPEC+ decision on further oil production quotas, which will be announced in the first days of February,” said Vladislav Antonov, financial analyst at BitRiver.
According to him, high oil prices could be an additional plus for the ruble.
“The decision of the Central Bank of Russia to maintain the key rate at 16% may also be received positively by the market. The risk of new sanctions and geopolitical exacerbations may at the same time hinder the strengthening of the ruble. In any case, the ruble exchange rate will be very volatile throughout the month. No new negative factors are visible for the ruble in February; with a high probability, the dollar and euro at the end of winter will be noticeably below the 100 ruble mark,” the RT interlocutor emphasized.
In turn, Sergei Ramaninov, an analyst at Markets Money Power, noted that now they are asking 89 rubles for the dollar, 96.45 rubles for the euro, and 12.73 rubles for the yuan. According to his forecast, the dollar will continue to rise in price in February, albeit slightly.
“I believe the quotes will be approximately the following: 89–91 rubles per dollar, about 98 rubles per euro and about 12.75 rubles per yuan,” the analyst concluded.
Earlier it was reported that the dollar exchange rate on the Moscow Exchange increased to 90 rubles.