the Ruble depreciates rapidly against the dollar and the Euro. Two days of “wooden” lost almost 3 rubles and is moving to 75 marks for U.S. currency and 90 per European. August has traditionally become “black”, scaring the Russians another devaluation. Where to invest to save their money, said our experts.
Mysticism, but after the 1998 default in August, the last month of summer almost always brings bad news about the exchange rate. For 22 years the Russian national currency in August dropped sharply to 17 times. It would be strange if this year is an exception: the economy is in crisis, oil prices dropped.
the Strong fall of the ruble in the last days of July due to several factors. First, the decreased oil prices. With the reduction of the key rate (a week ago, the Central Bank lowered it to 4.25%) ruble-denominated assets become less attractive to investors.
in Addition, investors scared of the statistical performance of the developed economies. For example, U.S. GDP in the II quarter fell by almost 33% due to the reduction in spending by consumers and companies during a pandemic. The decline was the strongest since the great depression. Markets nervous about the second wave of the coronavirus. Together, these factors have prompted investors to withdraw from risky assets, which, in particular, are the Russian tools.
“the weakening of the ruble caused by the desire of market players to invest in more reliable, in their opinion, the exchange tools. In addition, plays the role of the psychological factor of “black August,” which is supported by the corresponding market trend,” – explains the head of Department of trading operations on the Russian stock market “freedom Finance” George Vashchenko. According to analysts, if market participants would continue speculative shorting of the ruble, he drops to 76-77 per dollar in August.
In August, we are likely to see the dollar at 75-77 rubles, and the Euro at the level of 88-90 rubles, says the head of analytical Department AMarkets Artem Deev. The question how to protect savings from depreciation, the expert answers: “the best investment during the current crisis is an investment in your health, kids and opportunity to survive.
Now the cost of medical services grows, the necessary procedures it is better not to procrastinate. Such an investment will pay off: active longevity and health will allow people the long run, to provide for the family.
Investing in children is ensuring their future, their level of education, who will launch their full adult life.
the Third option is a reasonable investment – buying a home and land. Own garden or farm will not depend on the prices in the stores, in the dollar and vegetables, meat, milk are environmentally friendly, which is also a Polopresumably will have an impact on health.”
From the purchase of already appreciated assets (currencies, gold) in the hope of an even greater rise in price warns the investor and collector Artem Rich. “It is better to think about investing in items that do not depend on stock prices. Instead of gold, you can choose the old coins.
the Value of Antiques, paintings, wine collections have lagged behind the exchange rate, so now they can still be purchased beneficial. However, over time these things only become more expensive, because it is denominated in dollars.
In October, will end the moratorium on bankruptcy and delay on debt. Many will not be able to pay off the accumulated months of bills. They will sell something that is not very necessary, but can make money. At this point, and will be beneficial to buy Antiques, paintings. So, “black August” – not the worst time in the fall will be worse,” concluded our source.
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