The Russian currency went into a quiet harbor. In the near future, its rate will not be subject to significant fluctuations. If nothing extraordinary happens, the value of the ruble will remain stable. This morning on the Moscow stock exchange, the ruble practically did not change its quotes in relation to major currencies. By 11:30 Moscow time the dollar lost in price 4 kopecks and settled at 56.36 rubles. The euro has risen in price for 1 kopeck, to 69.96 rubles. Thus, the "wooden" has been strengthening for a week and a half against the dollar, which during this period has lost more than 2 rubles. The main factor supporting the ruble stability remains oil. So far, there is no reason to assume that in the foreseeable future something will change in this plan. On Monday, the price of black gold continued to grow.
The cost of April futures for Brent crude at the auction in London rose by $ 0.55 (0.85%), to $ 65.39 per barrel. On Friday, February 16, contracts also rose in price - by $ 0.51 (0.79%), to $ 64.84 per barrel. In total for the last week, the Brent blend increased in price by 3.3%. The oil market partially restored its positions after a significant decline in late January. This was facilitated by news that the United States had uncovered its slate facilities and intend to rapidly increase production. At about the same time, the ruble began to fall in price. The turning point was the recovery of the stock market. Shares on the stock exchanges began to grow again in price. Fears about the fact that the demand for oil will decrease, volatilized.
So the quotes went up. In addition, it turned out that the reserves of black gold in the US are not so great, as everyone thought. Experts, however, note that the ruble gradually ceases to be so "oil-dependent". "If earlier, with a change in the price of a barrel of black gold around $ 5, the ruble rate" jumped "in the range of up to 10%, now the maximum the market is capable of is 1-2%. And such volatility is no longer an oscillation, except for those who play in the foreign exchange market, "- says" Rossiyskaya Gazeta "opinion of a member of the Board of Directors of AKG" Finexpertiza "Aghvan Mikaelyan.
The ruble is also helped by the depreciation of the dollar and high demand for Russian government bonds. Another positive factor is the approximation of tax payments. In Russia there is an increased demand for rubles, thanks to which the domestic currency is growing in price. "The ruble is also optimistic about the decision by Standard & Poor's rating agency of Russia, which will be adopted on February 23 - market participants hope for an upgrade," adds Igor Kovalev, an analyst with InstaForex, quoted by Regnum,.