Anticipated devaluation of the Russian Ruble by 2025, according to experts' predictions
Ruble Exchange Rates: Experts Weigh In on Upcoming Trends
The Russian currency market is bracing for potential shifts in the coming months, with analysts offering their predictions and insights on the ruble's future.
According to Natalia Milchakova, a leading analyst at Freedom Finance Global, a key rate cut by the Central Bank of Russia could reignite inflation. This concern is echoed by Andrei Kostin, who stated that the current ruble exchange rate is 'quite high and does not reflect well on the budget.'
By the end of the year, analysts at 'Gard Capital' estimate the yuan to be in the range of 12.5-12.7 rubles, the dollar to be in the range of 92.5 rubles, and the euro to be in the range of 107 rubles. Meanwhile, Natalia Pyryeyeva, a leading analyst at 'Cifra Broker,' expects the Bank of Russia's decision to strengthen the current trend but does not expect it to cause a sharp collapse in the ruble's exchange rate.
The dollar reached a maximum of 87.56 rubles on September 10, marking a significant increase since April. By the same date, the euro surpassed 99 rubles for the first time since February.
Andrei Kostin, the Chairman of VTB Bank, suggested a level of 90 rubles per dollar as 'not excessive' for the national currency. However, he also noted that the Bank of Russia and the Russian Ministry of Finance could fine-tune the ruble's exchange rate through measures such as selling foreign currency.
Analysts at 'Gard Capital' predict a rate of 12.5-13.5 rubles per Chinese yuan for the fall. They also note traditional impulses from budget, corporate, and consumer spending will likely add pressure to the ruble in December.
A geopolitical breakthrough, such as the signing of a peace agreement between Russia and Ukraine and the resolution of the territorial issue, could help the ruble strengthen again, according to analysts at Freedom Finance Global.
For the most up-to-date prognoses, it is recommended to consult the latest reports from financial institutions like Bloomberg, Reuters, or specialised currency analyses. As of 13:39 Moscow time on September 10, the dollar was trading at 84.86 rubles (+1.39%).
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