How to change the exchange rate of the ruble to the nearest after hours week

Especially for “the Russian newspaper” Natalia Milchakova, Deputy head of IAC Alpari, said that he expects the ruble to a future outside of week:

the Price of Brent crude back to a 17-year-old

– Since the beginning of March, the ruble has depreciated against the U.S. dollar by more than 17 percent and against the Euro “Russian” fell by almost 16 percent. Its role in this devaluation of the Russian national currency has played not only an epidemic of coronavirus. Since the beginning of March Brent crude fell by almost 46 percent and trading below $ 30 per barrel.

In this difficult time, it is difficult to expect that in the last two days of March or in the first days of April, the situation will significantly change for the better, as in the case of epidemic Covid-19 Russia and in the world economy as a whole. The only good news on this background, the world of negativity is that China starts to recover, not only from the fashion industry, but also in economic terms.

While Russia goes on a forced week-long vacation, the production and normal operation of businesses in China begins to recover rapidly. And the Central banks of many developed countries begin to fully use the policy tools quantitative easing (QE), in order to allow the real economy to slide into a complete collapse.

But the impact of these measures can be seen not next week, but much later.

Photo: iStock Central Bank gave recommendations to banks on the work in the coming long weekend

In the next week, we can expect that the CBR will continue to sell foreign currency from the Fund to support the ruble. Of the external factors we will monitor the situation in the US, in particular, the dynamics of the labour market and employment in Gesellschaftenom sector for February. These data will be released on Friday, April 3, and will show how the US economy suffered from the spread of the coronavirus in February. Such data are very important for the dollar.

As for the Euro value will have a preliminary assessment of the rate of inflation in the Eurozone for March, which will be published March 31.

the Euro temporarily may weaken the negative data, but we do not expect significant collapse of the Euro against the ruble because of the situation in Russia itself.

In the next hours a week, we expect the dollar 77-80 rubles per dollar, and the Euro – 84-86 rubles.