Trying to choose the most favorable time for selling currency and buying rubles, it is necessary to observe the quotes, the actions of the Central Bank of the Russian Federation, as well as the prices of raw materials and the geopolitical background. This recommendation was made on Monday, December 20, by Sergey Kuchin, head of personal brokerage services at BCS World of Investments.
“The Central Bank has repeatedly said that the economy needs a stable ruble, not a strong or weak one. The range of 72–75 per $ 1 suits both the population and the business. The course 75+ leads, on the one hand, to an increase in taxes on the part of exporters, on the other hand, to an increase in inflation, “the Prime agency quotes him.
The broker noted that it makes no sense for the Russian regulator to significantly “devalue the ruble”, because at a rate above 75–77 rubles per dollar, the Russian currency looks undervalued. In addition, if the ruble appreciates by 10%, annual inflation falls by about 0.5%.
Kuchin warned about the dangers of playing with currency. He advises not to keep money in the cache, but to invest. So, having bought rubles at 77 per dollar, you can form a portfolio of dividend stocks and ruble debt, depending on the investor’s risk profile.
Earlier, on December 15, the head of the Center for Investment Analysis and Macroeconomic Research of the CSR, Daniil Nametkin, announced a decrease in Russians’ interest in buying cash dollars lately. As the specialist noted, in recent years, the sensitivity of the ruble exchange rate to changes in the situation on the world oil market has weakened. For example, over the past year, oil prices have increased by 1.5 times, while the ruble’s position has remained virtually unchanged.
In September-October this year, the ruble became the leader in strengthening against the dollar among the currencies of emerging market countries (EMEs). Such data are presented in the latest review of the financial stability of the Central Bank.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
