MOSCOW, December 28. Dollar rate to ruble during trading on the Moscow exchange has increased compared to closing level of previous trading day at 1.31 rubles to RUB 71,99 by updating the January high (71,64 rubles). So expensive dollar was not from December 2014
Experts: the rouble is overvalued and may continue declining
In addition, the Euro gained of 1.52 rubles and reached 79,05 rubles, surpassing the mark of 79 rubles for the first time since August.
The ruble depreciates after oil. The price of a futures contract with February delivery of oil grade Brent on London exchange ICE fell by 1.74% to $37,23 per barrel.
At the same time, the Bank of Russia was established on December 29, the official dollar exchange rate at the level 70,7865 of the ruble, which at 51,75 copecks above the previous indicator. The official Euro increased by 55,32 77,6032 kopecks to the ruble.
The value of the currency basket (0.55 dollars and 0.45 euros), calculated at the official exchange rates, increased by 53,36 73,8540 kopecks to the ruble.
Forecasts for the ruble exchange rate
December 25, the head of Sberbank German Gref said that he expected continuation of the trend of the weakening of the ruble in 2016.
Oil prices are very much linked to the Federal reserve policy. The key trends are all connected with further lowering. The dollar is likely to strengthen. Will the fed tightened policy. This means that the largest derivative market – the oil market dollars will go. From the point of view of the monetary situation, the price of oil should fall. Of course, the ruble will decline
“We see that the market supply of oil will be next year to expand, while demand this year such a warm winter, will fall. Most likely, the price (of oil) will fluctuate at the current level plus or minus”, he added.
For its part, the Ministry of Finance sees no reasons to speak about the dollar at the level of 100 rubles.
At the same time, Prime Minister Dmitry Medvedev believes that the financial situation has stabilized, but the ruble floats depending on oil prices.
Indeed, the ruble has moved to a whole new status: he is swimming freely and it’s good, because nobody dictates how the ruble to be. But there is nothing to hide. It is very much tied up under the oil revenues and very much tied up under the oil price
According to Medvedev, in the macroeconomic forecast and the budget for the next year it was decided to lay the average rate to 63 rubles per dollar. “In all likelihood, somewhere within these boundaries, the ruble will keep”, – believes the head of government.