The exchange rate of the national currency for the New Year holidays will go to minus. This will not be a surprise for anybody, since the stability of the ruble will be weakened by objective factors. However, before his pre-holiday fall, the "wooden" will have time to rise slightly in price. In the coming days, the ruble will continue to mark its current levels (58.88 rubles for $ 1 and 70.07 rubles for 1 euro), and perhaps even grow. Strengthening can contribute to the oil news and decisions of the Ministry of Finance of the Russian Federation, "Rossiyskaya Gazeta". Last week, the leading oil-exporting countries decided to extend the agreement on reducing the extraction of raw materials by the end of next year.
This helped raise oil prices. Before the New Year, the Brent barrel is barely below $ 60. Despite the fact that the correlation between ruble and oil declined, this is a positive background for the Russian currency. On Thursday, December 7, the Ministry of Finance will stop large-scale purchases of currency on the domestic market (additional revenues from hydrocarbon exports are transferred to foreign exchange reserves). Pressure on the ruble will weaken, and the rate of the US currency may fall to 57 rubles, and the value of the euro - to drop to 67.5 rubles. However, after that negative factors will come into effect, warns Anna Kokoreva, deputy director of the analytical department of Alpari company. First, the US Federal Reserve at the meeting on December 13 is going to raise the interest rate. This decision will affect the currencies of developing countries, which will become less attractive to investors. Secondly, the Bank of Russia on Dec. 15 intends to do the exact opposite - to lower the key rate. This year, a record low inflation rate is fixed in our country, and therefore the regulator's decision suggests itself. Due to lower rates, the national currency will become more weightless. For ordinary citizens in the decision of the Central Bank has its own advantage: the rates for consumer loans should decrease. Third, in the last two weeks of the year, the Russians themselves will complete the rout of the ruble. The rush demand for a number of goods and services before the holidays will contribute to a price increase, which, in turn, will provoke inflation and weakening of the ruble. Experts do not exclude that the dollar / ruble pair will be at the level of 60-60.5 rubles to the festive battle of the Kremlin chimes, the euro / ruble pair at the level of 73.5-74 rubles.
Recall that last week, Russian Prime Minister Dmitry Medvedev advised the Russians to keep their savings in national currency. He promised that before the New Year there will be no sharp surges and a fall in the ruble exchange rate.