Before the New Year, the national currency does not expect any serious shocks. All possible causes of outbursts and falls are already in the current price. Therefore, before the holidays, the ruble will be an island of stability in the abyss of chaos, analysts say. In this matter they are in solidarity with the head of the Russian government, who previously predicted something similar. At the beginning of this week, the ruble trades without much price fluctuations. Now $ 1 on the Moscow stock exchange is worth 59 rubles, 1 euro - about 69 rubles. In the same price limits, currencies will remain in the coming weeks.

"The sale of export earnings by domestic exporters compensates for the increased volumes of currency purchases by the Ministry of Finance and Russian companies, which are expected to repay a serious amount of external debt this month," the analyst of the social network for investors eToro in Russia and the CIS Mikhail Mashchenko.

Negative factors should not be discounted. This is the expected increase in the US Federal Reserve's discount rate on December 13, and a decrease in the similar indicator by the Bank of Russia on December 15, and a possible deterioration in the situation in the commodity markets, and the expectation of new Washington sanctions against Moscow. But their market has already "played". "In the absence of new reasons for pessimism, the national currency has a small chance of recovering the rate," Mashchenko believes..

The smaller the gap between the rates in Russia and the US, the less profitable for foreigners Russian debt securities. However, in practice, capital flight is unlikely to happen. Whatever happened, the federal loan bonds of the Russian Federation remain attractive enough for foreign funds due to political uncertainty in the US.

In general, all the pessimistic expectations of 2018. are compensated by positive forecasts. On one side of the scale - an increase in dollar inflation, the cancellation of the soft monetary policy of the Eurocentrorbank and the like. All this makes a bet on the currencies of emerging economies extremely risky. On the other side - macroeconomic stability in Russia and favorable conditions on the oil market, which will help the ruble to strengthen.

In this situation, it is possible that since the beginning of 2018. the ruble will gradually rise in price and repeat the successes of the spring of this year, returning to the mark of 55.6 rubles for $ 1, the expert concludes.

Previously, Danske Bank's specialists called the Russian currency highly undervalued and predicted a sharp rise in the price in the New Year to the level of 52.5 rubles for $ 1. However, according to Mikhail Mashchenko, this development of events "seems fantastic".