A new outbreak of coronavirus in Russia could trigger a rise in the dollar exchange rate to 100 rubles at the end of 2020. This is possible with a pessimistic scenario, an optimistic one suggests that in the fourth quarter the US currency will only exceed 85 rubles.
Such a forecast was made by analysts at the Center for Macroeconomic Analysis and Short-Term Forecasting (TsMAKP), RBC reports. According to them, in the next two years the national currency will fluctuate in the corridor 87–91 rubles per dollar.
Its weakening will begin in the second half of 2020. This will be affected by a new decline in oil prices, a seasonal increase in domestic demand for foreign currency and an outflow of capital from emerging markets, including the Russian one.
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