The economist believes that political and macroeconomic stability in Russia “against the backdrop of noticeable economic growth leaves room for the Russian currency to strengthen to 89 rubles per dollar.”
“The likely range for the first week of April is 90-94 rubles per dollar. The ruble will maintain its position thanks to very comfortable oil prices. The Bank of Russia’s tight monetary policy virtually eliminates the possibility of high volatility in the foreign exchange market in mid-spring,” he clarified.
Earlier, the head of the sales and customer support department of Alfa-Forex, Alexander Shneiderman, gave a forecast for the ruble exchange rate for the next month.