Since the beginning of the year, the Russian ruble has demonstrated The strongest growth to the dollar Among the world currencies. The ruble overtook even gold in dollars, reports Bloomberg.
According to the counting of the agency, since the beginning of the year, the ruble has strengthened to the dollar on 38% at over -the -end auction, while the most popular protective asset – gold – has risen in price for the same period by 23%.
For comparison: the Swedish crown strengthened to the dollar on 14%Swiss franc – on 11%and silver went up on 12%.
Note that the strengthening of the ruble occurs against the background falling prices for oilWhich usually leads to a decrease in the course of the Russian currency. Thus, the authorities of the Russian Federation support at the planned level the budget revenues in order to receive the same amounts in rubles for cheaper energy carriers.
However, this time is observed reverse process: Oil prices are reduced, and the ruble to the dollar is strengthened. This is due to the expectations of investors of the early end of the war in Ukraine and the growth of their interest in Russian assets, in particular, to state bonds. The ruble is constantly strengthened after the next positive statements of participants in negotiations and falls after negative ones.
However, if oil prices continue to remain at the current low level or, moreover, will fall even lower, and the war will not end, then sooner or later the Russian authorities will have to Lower the rubleto balance the budget.
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