Dmitry Alexandrov, deputy general manager, head of analytical research at Univer Capital Investment, believes that the best time for Russians to buy dollars is in the middle of next month, or mid-spring.
The expert pointed out that since the beginning of this year, the US dollar witnessed a remarkable rise against most currencies, and in light of that there was an increase in the yields of US Treasury bonds. He said: “The ruble in such a situation cannot avoid a decline.”
He added that the Russian ruble is now trading in a relatively narrow range from 73.5 rubles to 75 rubles for the dollar, which is slightly higher than the strong support level that rose above it in December of last year.
In terms of trading, the Russian currency was traded today, Monday, by 11:54 Moscow time, at 75.21 rubles to the dollar, a decrease of 8 kopecks (ruble = 100 kopeks) from the previous closing level.