The best forecaster by Bloomberg predicted the strengthening of the ruble

The best forecaster by Bloomberg predicted the strengthening of the ruble


In the next three months, the Russian currency will grow to a mark of 67 rubles per dollar, said the analyst of company Nomura International Plc Dmitry Petrov, the best forecaster in the last four quarters according to Bloomberg.

MOSCOW, 11 Jan. The suspension of the fall in oil prices and reduction of volumes of purchase of dollars from banks portend Russian currency is strengthening, said the analyst Dmitri Petrov from Nomura International Plc, recognized by Bloomberg as the best forecaster in the last four quarters.

Petrov believes that the worst is over, and in the next three months, the ruble could strengthen to a mark of 67 rubles per dollar and reached 65 rubles by the end of this year. The average dollar exchange rate in 2016 will be 69 rubles.

Analyst forecast made on the basis of oil prices at the level of $ 35-40 per barrel in the first quarter.

Among the factors contributing to the strengthening of the ruble, Petrov sees the situation in the Russian economy and the possible inflow of funds in depreciating assets amid the subsiding of the interest of the population to savings in dollars. Given that the Russians are making a choice in favor of the national currency, foreign investors can also increase their stocks to ruble assets.

“The demand factor has really changed. The trend for the future — increase of the ruble in relation to the current level”, — said Dmitry Petrov.

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