Friday, October 7, 2016

Economists tell whether it's time

Economists tell whether it's time to exchange purchased at the falling dollar

Economists have commented on the prospects of the ruble today reached the highest level since the beginning of the year: the course is now hovering around 70 rubles to the dollar and 76 per euro, while the price of a barrel of oil topped $ 40.

Increasing the value of "black gold" is happening against the backdrop of the meeting of oil-exporting countries expected on March 20 at which it may be decided to freeze or even reduction of quotas on its prey. By raising the price of a barrel rises in price and the ruble, however, analysts warn, the limit for this almost exhausted.

Although the national currency and may strengthen to 69 rubles per dollar, but further advance is unlikely, warns Aleksey Miheev (VTB24), quoted by the "Prime". At the same time the euro may start to give 72.5 rubles: this will happen if the price of oil will rise to 43 dollars, which is quite possible in the coming days.

Nevertheless, it is the strengthening of the ruble will not be long. First, the experts explain, it is not beneficial for the Russian economy weakened, and secondly, should again provoke an increased demand for foreign currency and ruble rebound to their previous low.

However, as Anna says Bodrov of "Alpari", the oil may get cheaper and up to March 20, as the current price has already played its expectations related to changes in quotas.

As a result, the dollar and the euro again in the next few days can take off at least half of the previous figures.

Thus, analysts are advised now to attend to purchase currency as the present moment may be the last successful over the next few months, before the summer holiday season and trips abroad.

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