Russia (bbabo.net), - Now the situation is such that it is difficult to predict even what will be on the markets in a week. This also applies to the ruble exchange rate. Seasonal factors may no longer work. For example, in the summer, the Russian currency usually strengthened, which could be observed in the first year of the coronavirus pandemic.
How the ruble will behave and when it is better to buy foreign currency for a vacation trip, Mikhail Kogan, head of the analytical research department at the Higher School of Financial Management, told Rossiyskaya Gazeta:
- All movements of the ruble in recent times are associated exclusively with geopolitics. The current week was filled with negotiations at the level of top officials of states and relevant ministers.
Depending on the course of these negotiations, the exchange rate of the ruble actively fluctuated. Started the week at 77.82 units per dollar and ended it closer to 77 rubles after strengthening below 75.
Next week currency markets will continue to react to geopolitical factors. If the situation in the world escalates, then the dollar exchange rate may start next week above 77 rubles and end it closer to 80 rubles. With a decrease in geopolitical risks, the "American" is able to open next week at around 76 rubles, followed by a weakening to 74-75 rubles. This uncertainty may continue.
So the main advice for those who buy currency with an eye on the summer season is to keep track of the news background. And try to buy at those moments when the tension subsides somewhat - this has an extremely positive effect on the ruble exchange rate. Remember October, when the Russian currency for the first time in a year and a half strengthened below 70 rubles per dollar.
Or you can just buy the currency when there is an opportunity. If the purchases are small, then an overpayment of 1-2 rubles per dollar or euro will not fundamentally change anything, but 5-6 are already tangible losses.
Another point: you can buy currency not in banks. The easiest option to save money is to buy dollars, euros and other banknotes of states through a brokerage account on the stock exchange. There, the rate is set directly by the bidders. And you can buy 2-3 percent cheaper.
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