Euro exchange rate now 71.7190 rubles for 1 Euro. Change range: 71.1367 - 71.8262. Rate of the previous day: 71.2227. Change: +0.4963 rubles, +0.70%. Reverse course:
Euro exchange rate forecast for tomorrow, week and month.
Euro exchange rate forecast by day
| date | Day | Min | Max | Well |
| 28.02 | Friday | 70.40 | 72.54 | 71.47 |
| 02.03 | Monday | 70.50 | 72.64 | 71.57 |
| 03.03 | Tuesday | 71.94 | 74.14 | 73.04 |
| 04.03 | Wednesday | 72.27 | 74.47 | 73.37 |
| 05.03 | Thursday | 72.84 | 75.06 | 73.95 |
| 06.03 | Friday | 72.61 | 74.83 | 73.72 |
| 10.03 | Tuesday | 72.44 | 74.64 | 73.54 |
| 11.03 | Wednesday | 72.70 | 74.92 | 73.81 |
| 12.03 | Thursday | 72.53 | 74.73 | 73.63 |
| 13.03 | Friday | 72.80 | 75.02 | 73.91 |
| 16.03 | Monday | 72.33 | 74.53 | 73.43 |
| 17.03 | Tuesday | 71.56 | 73.74 | 72.65 |
| 18.03 | Wednesday | 71.27 | 73.45 | 72.36 |
| 19.03 | Thursday | 72.01 | 74.21 | 73.11 |
| 20.03 | Friday | 72.35 | 74.55 | 73.45 |
| 23.03 | Monday | 71.96 | 74.16 | 73.06 |
| 24.03 | Tuesday | 71.04 | 73.20 | 72.12 |
| 25.03 | Wednesday | 70.52 | 72.66 | 71.59 |
| 26.03 | Thursday | 71.70 | 73.88 | 72.79 |
| 27.03 | Friday | 72.69 | 74.91 | 73.80 |
| 30.03 | Monday | 72.94 | 75.16 | 74.05 |
| 31.03 | Tuesday | 72.06 | 74.26 | 73.16 |
| 01.04 | Wednesday | 73.07 | 75.29 | 74.18 |
| 02.04 | Thursday | 73.10 | 75.32 | 74.21 |
The euro exchange rate forecast for Friday, February 28: 71.47 rubles, a maximum of 72.54, a minimum of 70.40. Euro exchange rate forecast for Monday, March 2: 71.57 rubles, maximum 72.64, minimum 70.50. The euro exchange rate forecast for Tuesday, March 3: 73.04 rubles, a maximum of 74.14, a minimum of 71.94. Euro exchange rate forecast for Wednesday, March 4: 73.37 rubles, maximum 74.47, minimum 72.27.
A week later. The euro exchange rate forecast for Thursday, March 5: 73.95 rubles, a maximum of 75.06, a minimum of 72.84. Euro exchange rate forecast for Friday, March 6: 73.72 rubles, maximum 74.83, minimum 72.61. The euro exchange rate forecast for Tuesday, March 10: 73.54 rubles, a maximum of 74.64, a minimum of 72.44. Euro exchange rate forecast for Wednesday, March 11: 73.81 rubles, maximum 74.92, minimum 72.70.
In 2 weeks. The euro exchange rate forecast for Thursday, March 12: 73.63 rubles, a maximum of 74.73, a minimum of 72.53. Euro exchange rate forecast for Friday, March 13: 73.91 rubles, maximum 75.02, minimum 72.80. The euro exchange rate forecast for Monday, March 16: 73.43 rubles, a maximum of 74.53, a minimum of 72.33. Euro exchange rate forecast for Tuesday, March 17: 72.65 rubles, maximum 73.74, minimum 71.56. The euro exchange rate forecast for Wednesday, March 18: 72.36 rubles, a maximum of 73.45, a minimum of 71.27.
In 3 weeks. Euro exchange rate forecast for Thursday, March 19: 73.11 rubles, maximum 74.21, minimum 72.01. The euro exchange rate forecast for Friday, March 20: 73.45 rubles, a maximum of 74.55, a minimum of 72.35. Euro exchange rate forecast for Monday, March 23: 73.06 rubles, maximum 74.16, minimum 71.96. The euro exchange rate forecast for Tuesday, March 24: 72.12 rubles, a maximum of 73.20, a minimum of 71.04. Euro exchange rate forecast for Wednesday, March 25: 71.59 rubles, maximum 72.66, minimum 70.52.
After 4 weeks. The euro exchange rate forecast for Thursday, March 26: 72.79 rubles, a maximum of 73.88, a minimum of 71.70. Euro exchange rate forecast for Friday, March 27: 73.80 rubles, maximum 74.91, minimum 72.69. The euro exchange rate forecast for Monday, March 30th: 74.05 rubles, maximum 75.16, minimum 72.94. Euro exchange rate forecast for Tuesday, March 31: 73.16 rubles, maximum 74.26, minimum 72.06.
Euro exchange rate forecast for 2020, 2021, 2022, 2023 and 2024.
| Month | open | Min-Max | Close | Month,% | Total,% |
| 2020 | |||||
| Feb | 70.97 | 67.77-72.57 | 71.47 | 0.7% | 0.7% |
| Mar | 71.47 | 70.59-72.75 | 71.67 | 0.3% | 1.0% |
| Apr | 71.67 | 71.67-74.33 | 73.23 | 2.2% | 3.2% |
| May | 73.23 | 70.63-73.23 | 71.71 | -2.1% | 1.0% |
| Jun | 71.71 | 70.08-72.22 | 71.15 | -0.8% | 0.3% |
| Jul | 71.15 | 70.57-72.71 | 71.64 | 0.7% | 0.9% |
| Aug | 71.64 | 68.45-71.64 | 69.49 | -3.0% | -2.1% |
| sen | 69.49 | 69.49-72.64 | 71.57 | 3.0% | 0.8% |
| Oct | 71.57 | 69.23-71.57 | 70.28 | -1.8% | -1.0% |
| But I | 70.28 | 67.73-70.28 | 68.76 | -2.2% | -3.1% |
| Dec | 68.76 | 68.53-70.61 | 69.57 | 1.2% | -2.0% |
| 2021 | |||||
| Jan | 69.57 | 67.40-69.57 | 68.43 | -1.6% | -3.6% |
| Feb | 68.43 | 66.27-68.43 | 67.28 | -1.7% | -5.2% |
| Mar | 67.28 | 66.28-68.30 | 67.29 | 0.0% | -5.2% |
| Apr | 67.29 | 65.41-67.41 | 66.41 | -1.3% | -6.4% |
| May | 66.41 | 66.41-68.79 | 67.77 | 2.0% | -4.5% |
| Jun | 67.77 | 65.24-67.77 | 66.23 | -2.3% | -6.7% |
| Jul | 66.23 | 63.37-66.23 | 64.33 | -2.9% | -9.4% |
| Aug | 64.33 | 64.33-67.25 | 66.26 | 3.0% | -6.6% |
| sen | 66.26 | 64.87-66.85 | 65.86 | -0.6% | -7.2% |
| Oct | 65.86 | 65.31-67.29 | 66.30 | 0.7% | -6.6% |
| But I | 66.30 | 63.35-66.30 | 64.31 | -3.0% | -9.4% |
| Dec | 64.31 | 64.31-67.23 | 66.24 | 3.0% | -6.7% |
| 2022 | |||||
| Jan | 66.24 | 66.24-68.89 | 67.87 | 2.5% | -4.4% |
| Feb | 67.87 | 65.82-67.87 | 66.82 | -1.5% | -5.8% |
| Month | open | Min-Max | Close | Month,% | Total,% |
| 2022 Sequel | |||||
| Mar | 66.82 | 66.39-68.41 | 67.40 | 0.9% | -5.0% |
| Apr | 67.40 | 66.01-68.03 | 67.02 | -0.6% | -5.6% |
| May | 67.02 | 67.02-69.69 | 68.66 | 2.4% | -3.3% |
| Jun | 68.66 | 67.61-69.67 | 68.64 | 0.0% | -3.3% |
| Jul | 68.64 | 66.47-68.64 | 67.48 | -1.7% | -4.9% |
| Aug | 67.48 | 64.87-67.48 | 65.86 | -2.4% | -7.2% |
| sen | 65.86 | 65.86-68.86 | 67.84 | 3.0% | -4.4% |
| Oct | 67.84 | 67.84-70.93 | 69.88 | 3.0% | -1.5% |
| But I | 69.88 | 69.88-72.64 | 71.57 | 2.4% | 0.8% |
| Dec | 71.57 | 71.57-74.83 | 73.72 | 3.0% | 3.9% |
| 2023 | |||||
| Jan | 73.72 | 70.62-73.72 | 71.70 | -2.7% | 1.0% |
| Feb | 71.70 | 68.51-71.70 | 69.55 | -3.0% | -2.0% |
| Mar | 69.55 | 69.01-71.11 | 70.06 | 0.7% | -1.3% |
| Apr | 70.06 | 66.94-70.06 | 67.96 | -3.0% | -4.2% |
| May | 67.96 | 65.32-67.96 | 66.31 | -2.4% | -6.6% |
| Jun | 66.31 | 64.26-66.31 | 65.24 | -1.6% | -8.1% |
| Jul | 65.24 | 62.33-65.24 | 63.28 | -3.0% | -10.8% |
| Aug | 63.28 | 61.67-63.55 | 62.61 | -1.1% | -11.8% |
| sen | 62.61 | 62.61-65.46 | 64.49 | 3.0% | -9.1% |
| Oct | 64.49 | 61.62-64.49 | 62.56 | -3.0% | -11.9% |
| But I | 62.56 | 61.79-63.67 | 62.73 | 0.3% | -11.6% |
| Dec | 62.73 | 60.09-62.73 | 61.00 | -2.8% | -14.0% |
| 2024 | |||||
| Jan | 61.00 | 58.28-61.00 | 59.17 | -3.0% | -16.6% |
| Feb | 59.17 | 58.32-60.10 | 59.21 | 0.1% | -16.6% |
| Mar | 59.21 | 59.21-61.90 | 60.99 | 3.0% | -14.1% |
Euro exchange rate forecast for February 2020.
The course at the beginning of the month is 70.97 rubles. The maximum rate is 72.57, the minimum is 67.77. The average exchange rate for the month is 70.70. The euro exchange rate forecast at the end of the month is 71.47, the change for February is 0.7%.
Euro exchange rate forecast for March 2020.
The course at the beginning of the month is 71.47 rubles. The maximum rate is 72.75, the minimum is 70.59. The average exchange rate for the month is 71.62. The euro exchange rate forecast at the end of the month is 71.67, the change for March is 0.3%.
Euro exchange rate forecast for April 2020.
The course at the beginning of the month is 71.67 rubles. The maximum rate is 74.33, the minimum is 71.67. The average exchange rate for the month is 72.73. The euro exchange rate forecast at the end of the month is 73.23, the change for April is 2.2%.
Euro exchange rate forecast for May 2020.
The course at the beginning of the month is 73.23 rubles. The maximum rate is 73.23, the minimum is 70.63. The average exchange rate for the month is 72.20. Forecast of the euro at the end of the month 71.71, change for May -2.1%.
Euro exchange rate forecast for June 2020.
The course at the beginning of the month is 71.71 rubles. The maximum rate is 72.22, the minimum is 70.08. The average exchange rate for the month is 71.29. Euro rate forecast at the end of the month 71.15, change for June -0.8%.
Euro exchange rate forecast for July 2020.
The course at the beginning of the month is 71.15 rubles. The maximum rate is 72.71, the minimum is 70.57. The average exchange rate for the month is 71.52. The euro exchange rate forecast at the end of the month is 71.64, the change for July is 0.7%.
Euro exchange rate forecast for August 2020.
The course at the beginning of the month is 71.64 rubles. The maximum rate is 71.64, the minimum is 68.45. The average exchange rate for the month is 70.31. Forecast of the euro at the end of the month 69.49, change for August -3.0%.
Euro exchange rate forecast for September 2020.
The course at the beginning of the month is 69.49 rubles. The maximum rate is 72.64, the minimum is 69.49. The average exchange rate for the month is 70.80. The forecast for the euro at the end of the month is 71.57, the change for September is 3.0%.
Euro exchange rate forecast for October 2020.
The course at the beginning of the month is 71.57 rubles. The maximum rate is 71.57, the minimum is 69.23. The average exchange rate for the month is 70.66. Forecast of the euro at the end of the month 70.28, change for October -1.8%.
Euro exchange rate forecast for November 2020.
The course at the beginning of the month is 70.28 rubles. The maximum rate is 70.28, the minimum is 67.73. The average exchange rate for the month is 69.26. Euro rate forecast at the end of the month 68.76, change for November -2.2%.
Euro exchange rate forecast for December 2020.
The course at the beginning of the month is 68.76 rubles. The maximum rate is 70.61, the minimum is 68.53. The average exchange rate for the month is 69.37. The euro exchange rate forecast at the end of the month is 69.57, the change for December is 1.2%.
Euro exchange rate forecast for January 2021.
The course at the beginning of the month is 69.57 rubles. The maximum rate is 69.57, the minimum is 67.40. The average exchange rate for the month is 68.74. The euro exchange rate forecast at the end of the month is 68.43, the change for January is -1.6%.
Euro exchange rate forecast for February 2021.
The course at the beginning of the month is 68.43 rubles. The maximum rate is 68.43, the minimum is 66.27. The average exchange rate for the month is 67.60. The forecast for the euro at the end of the month is 67.28, the change for February is -1.7%.
Euro exchange rate forecast for March 2021.
The course at the beginning of the month is 67.28 rubles. The maximum rate is 68.30, the minimum is 66.28. The average exchange rate for the month is 67.29. Euro exchange rate forecast at the end of the month 67.29, change for March 0.0%.
Euro exchange rate forecast for April 2021.
The course at the beginning of the month is 67.29 rubles. The maximum rate is 67.41, the minimum is 65.41. The average exchange rate for the month is 66.63. Forecast of the euro at the end of the month 66.41, change for April -1.3%.
Euro exchange rate forecast for May 2021.
The course at the beginning of the month is 66.41 rubles. The maximum rate is 68.79, the minimum is 66.41. The average exchange rate for the month is 67.35. The euro exchange rate forecast at the end of the month is 67.77, the change for May is 2.0%.
Euro exchange rate forecast for June 2021.
The course at the beginning of the month is 67.77 rubles. The maximum rate is 67.77, the minimum is 65.24. The average exchange rate for the month is 66.75. Euro rate forecast at the end of the month 66.23, change for June -2.3%.
Euro exchange rate forecast for July 2021.
The course at the beginning of the month is 66.23 rubles. The maximum rate is 66.23, the minimum is 63.37. The average exchange rate for the month is 65.04. Forecast of the euro at the end of the month 64.33, change for July -2.9%.
Euro exchange rate forecast for August 2021.
The course at the beginning of the month is 64.33 rubles. The maximum rate is 67.25, the minimum is 64.33. The average exchange rate for the month is 65.54. The euro exchange rate forecast at the end of the month is 66.26, the change for August is 3.0%.
Euro exchange rate forecast for September 2021.
The course at the beginning of the month is 66.26 rubles. The maximum rate is 66.85, the minimum is 64.87. The average exchange rate for the month is 65.96. The euro exchange rate forecast at the end of the month is 65.86, the change for September is -0.6%.
Euro exchange rate forecast for October 2021.
The course at the beginning of the month is 65.86 rubles. The maximum rate is 67.29, the minimum is 65.31. The average exchange rate for the month is 66.19. The euro exchange rate forecast at the end of the month is 66.30, the change for October is 0.7%.
Euro exchange rate forecast for November 2021.
The course at the beginning of the month is 66.30 rubles. The maximum rate is 66.30, the minimum is 63.35. The average exchange rate for the month is 65.07. Forecast of the euro at the end of the month 64.31, change for November -3.0%.
Euro exchange rate forecast for December 2021.
The course at the beginning of the month is 64.31 rubles. The maximum rate is 67.23, the minimum is 64.31. The average exchange rate for the month is 65.52. The euro exchange rate forecast at the end of the month is 66.24, the change for December is 3.0%.
Euro exchange rate forecast for January 2022.
The course at the beginning of the month is 66.24 rubles. The maximum rate is 68.89, the minimum is 66.24. The average exchange rate for the month is 67.31. The euro exchange rate forecast at the end of the month is 67.87, the change for January is 2.5%.
Euro exchange rate forecast for February 2022.
The course at the beginning of the month is 67.87 rubles. The maximum rate is 67.87, the minimum is 65.82. Average exchange rate per month 67.10. The forecast for the euro at the end of the month is 66.82, the change for February is -1.5%.
Euro exchange rate forecast for March 2022.
The course at the beginning of the month is 66.82 rubles. The maximum rate is 68.41, the minimum is 66.39. The average exchange rate for the month is 67.26. The forecast for the euro at the end of the month is 67.40, the change for March is 0.9%.
Euro exchange rate forecast for April 2022.
The course at the beginning of the month is 67.40 rubles. The maximum rate is 68.03, the minimum is 66.01. Average exchange rate per month 67.12. Forecast of the euro at the end of the month 67.02, change for April -0.6%.
Euro exchange rate forecast for May 2022.
The course at the beginning of the month is 67.02 rubles. The maximum rate is 69.69, the minimum is 67.02. The average exchange rate for the month is 68.10. Forecast of the euro at the end of the month 68.66, change for May 2.4%.
Euro exchange rate forecast for June 2022.
The course at the beginning of the month is 68.66 rubles. The maximum rate is 69.67, the minimum is 67.61. The average exchange rate for the month is 68.65. Euro exchange rate forecast at the end of the month 68.64, change for June 0.0%.
Euro exchange rate forecast for July 2022.
The course at the beginning of the month is 68.64 rubles. The maximum rate is 68.64, the minimum is 66.47. The average exchange rate for the month is 67.81. The forecast for the euro at the end of the month is 67.48, the change for July is -1.7%.
Euro exchange rate forecast for August 2022.
The course at the beginning of the month is 67.48 rubles. The maximum rate is 67.48, the minimum is 64.87. The average exchange rate for the month is 66.42. Forecast of the euro at the end of the month 65.86, change for August -2.4%.
Euro exchange rate forecast for September 2022.
The course at the beginning of the month is 65.86 rubles. The maximum rate is 68.86, the minimum is 65.86. Average exchange rate for the month 67.11. The euro exchange rate forecast at the end of the month is 67.84, the change for September is 3.0%.
Euro exchange rate forecast for October 2022.
The course at the beginning of the month is 67.84 rubles. The maximum rate is 70.93, the minimum is 67.84. The average exchange rate for the month is 69.12. The euro exchange rate forecast at the end of the month is 69.88, the change for October is 3.0%.
Euro exchange rate forecast for November 2022.
The course at the beginning of the month is 69.88 rubles. The maximum rate is 72.64, the minimum is 69.88. The average exchange rate for the month is 70.99. The euro exchange rate forecast at the end of the month is 71.57, the change for November is 2.4%.
Euro exchange rate forecast for December 2022.
The course at the beginning of the month is 71.57 rubles. The maximum rate is 74.83, the minimum is 71.57. The average exchange rate for the month is 72.92. The euro exchange rate forecast at the end of the month is 73.72, the change for December is 3.0%.
Euro exchange rate forecast for January 2023.
The course at the beginning of the month is 73.72 rubles. The maximum rate is 73.72, the minimum is 70.62. The average exchange rate for the month is 72.44. The euro exchange rate forecast at the end of the month is 71.70, the change for January is -2.7%.
Euro exchange rate forecast for February 2023.
The course at the beginning of the month is 71.70 rubles. The maximum rate is 71.70, the minimum is 68.51. The average exchange rate for the month is 70.37. The euro exchange rate forecast at the end of the month is 69.55, the change for February is -3.0%.
Euro exchange rate forecast for March 2023.
The course at the beginning of the month is 69.55 rubles. The maximum rate is 71.11, the minimum is 69.01. The average exchange rate for the month is 69.93. The euro exchange rate forecast at the end of the month is 70.06, the change for March is 0.7%.
Euro exchange rate forecast for April 2023.
The course at the beginning of the month is 70.06 rubles. The maximum rate is 70.06, the minimum is 66.94. The average exchange rate for the month is 68.76. Forecast of the euro at the end of the month 67.96, change for April -3.0%.
Euro exchange rate forecast for May 2023.
The course at the beginning of the month is 67.96 rubles. The maximum rate is 67.96, the minimum is 65.32. The average exchange rate for the month is 66.89. Forecast of the euro at the end of the month 66.31, change for May -2.4%.
Euro exchange rate forecast for June 2023.
The course at the beginning of the month is 66.31 rubles. The maximum rate is 66.31, the minimum is 64.26. The average exchange rate for the month is 65.53. Euro rate forecast at the end of the month 65.24, change for June -1.6%.
Euro exchange rate forecast for July 2023.
The course at the beginning of the month is 65.24 rubles. The maximum rate is 65.24, the minimum is 62.33. The average exchange rate for the month is 64.02. Forecast of the euro at the end of the month 63.28, change for July -3.0%.
Euro exchange rate forecast for August 2023.
The course at the beginning of the month is 63.28 rubles. The maximum rate is 63.55, the minimum is 61.67. The average exchange rate for the month is 62.78. Forecast of the euro at the end of the month 62.61, change for August -1.1%.
Euro exchange rate forecast for September 2023.
The course at the beginning of the month is 62.61 rubles. The maximum rate is 65.46, the minimum is 62.61. The average exchange rate for the month is 63.79. The euro exchange rate forecast at the end of the month is 64.49, the change for September is 3.0%.
Euro exchange rate forecast for October 2023.
The course at the beginning of the month is 64.49 rubles. The maximum rate is 64.49, the minimum is 61.62. The average exchange rate for the month is 63.29. The euro exchange rate forecast at the end of the month is 62.56, the change for October is -3.0%.
Euro exchange rate forecast for November 2023.
The course at the beginning of the month is 62.56 rubles. The maximum rate is 63.67, the minimum is 61.79. The average exchange rate for the month is 62.69. The euro exchange rate forecast at the end of the month is 62.73, the change for November is 0.3%.
Euro exchange rate forecast for December 2023.
The course at the beginning of the month is 62.73 rubles. The maximum rate is 62.73, the minimum is 60.09. The average exchange rate for the month is 61.64. Euro rate forecast at the end of the month 61.00, change for December -2.8%.
Euro exchange rate forecast for January 2024.
The course at the beginning of the month is 61.00 rubles. The maximum rate is 61.00, the minimum is 58.28. The average exchange rate for the month is 59.86. The euro exchange rate forecast at the end of the month is 59.17, the change for January is -3.0%.
Euro exchange rate forecast for February 2024.
The course at the beginning of the month is 59.17 rubles. The maximum rate is 60.10, the minimum is 58.32. The average exchange rate for the month is 59.20. Euro exchange rate forecast at the end of the month 59.21, change for February 0.1%.
Euro exchange rate forecast for March 2024.
The course at the beginning of the month is 59.21 rubles. The maximum rate is 61.90, the minimum is 59.21. The average exchange rate for the month is 60.33. The euro exchange rate forecast at the end of the month is 60.99, the change for March is 3.0%.
Here you will always find fresh forecast of the euro and ruble exchange rate. The forecast is updated and refined by APEKON experts on a daily basis, taking into account the latest events and changes in market data.
In the third quarter and following the results of nine months, slow growth continued in Russia. A number of problems, especially those relating to the standard of living of the population, still remain, however, some positive developments are also outlined in this area. The threat of a new collapse in oil prices or a devaluation of the ruble is now unlikely, despite the fact that the oil and financial markets around the world remain highly volatile, strengthening US dollar by the end of the year is very likely.
What are the results of economic development in January-September current year? Will Russia have enough margin of safety in case the dollar rises?
GDP: Growth Strengthens?
In the second quarter of 2017, Russia's GDP grew by 2.5% the same period 2016. This is significant progress as gross domestic product grew at an annualized rate of only 0.5% in the first quarter. And according to the results of the first half of the year, GDP increased by 1.6% year on year. The indicator slightly diverged from expectations, as the consensus forecast of analysts expected (including us) an increase of 1.7%. However, stormy GDP growth in the second quarter contributes to the upward revision of official forecasts for the growth of this indicator in 2017. The Ministry of Economic Development raised its forecast for GDP growth for the year from 1.5% to 2%, while our forecast for GDP growth in 2017 has not changed - we expect growth by 2%.
Inflation: a record decline
Based on the results of nine months of 2017, annual inflation consumer prices in Russia decreased to 4.1% (at the beginning of the year it was 4.6%). Thus, the 4% inflation target planned in the state budget for the current year is likely to be met. Our forecast for annual inflation coincides with the official one. It should be noted that in August and September of this year, deflation was recorded in Russia, while negative food inflation is recorded even from June to September (see Chart 1). In October, the Ministry of Economic Development expects inflation to fall below 3%. Our forecast for annual inflation for 2017 of 4% is almost in line with the forecasts of government departments. Moderately tight inflation contributes primarily to reducing inflation money-credit policy Central Bank of the Russian Federation, as well as a fairly stable exchange rate of the ruble in the current year (see Chart 2).
Chart 1. Dynamics of consumer price inflation in the Russian Federation, January-September 2017, %
Source: Rosstat
Industry: oil is not a growth leader
In the eight months of 2017, industrial production in Russia grew by 1.9% year on year. This is a success when compared to a first quarter growth of just 0.1% year on year, but a rather modest success compared to the second quarter, when the industry grew by 3.7% year on year (with the largest increase in April - May). At the same time, the main drivers of production growth in Russia are non-primary industries - most of the engineering industries, a number of chemical industries, and the light industry that is gaining momentum. It is especially important to note that in the first eight months of 2017, the production of computers and spare parts for them increased by 64% in Russia. From the point of view of the quality of economic growth, this is a great achievement in terms of the development of high-tech industries, but, on the other hand, the volume of computer sales Russian production in eight months was only $ 317 million, which is comparable to the revenue of a medium-sized corporation. Oil production, which grew by only 0.8% year-on-year in eight months of 2017, is now not a growth driver, but natural gas production, which grew by 14% year-on-year in eight months, makes a significant contribution to production growth. Our forecast for the growth of industrial production in Russia for 2017 has not changed and is 2.2-3%.
Incomes of the population: a difficult way out of the recession
For eight months of 2017 real disposable cash income of the population of Russia decreased by 1.2% year on year, which is some progress compared to the results of the first half of the year, when this indicator showed a decrease of 1.3% compared to the same period in 2016. Bye real income and, accordingly, indicators of the standard of living of the population, remain the most vulnerable point of the Russian economy. However, in August, the decrease in consumer price inflation had a positive effect on real incomes, in connection with which, in August, the decrease this indicator was only 0.3% year on year. According to the results of the first eight months of 2017, the nominal wage employees of enterprises and organizations, which is higher than the annual inflation rate, on the one hand, but on the other hand, not all employees of enterprises and organizations have experienced this increase. But real wages for eight months of this year increased by 3.7% year on year. If inflation continues to decline, it is likely that by the end of 2017 the negative trend in the decline in real incomes will be reversed. However, this growth is still unstable.
Retail sales are on the rise
In the second quarter of 2017, the decline in retail sales was replaced by an increase of 1% year on year. However, in the first half of the year retail sales still down 0.3% year-on-year, reflecting a weak first quarter. And in the eight months of 2017, retail sales grew by 0.2% year on year. The slowdown in the decline in real income has a positive effect on the dynamics of retail sales. However, consumer demand and retail sales will grow steadily only when real incomes of the population show growth.
Investment: growth picks up
Investments in fixed capital of Russian enterprises in the first half of 2017 increased by 4.8% compared to the same period in 2016, while in the second quarter of 2017, the growth in investments on an annualized basis amounted to 6.3%. Recall that the growth of investment is the main future GDP growth. Most of all, the volume of investments is growing in the coal industry, the electric power industry, the telecommunications and IT sector, public catering, and the hotel business.
Oil: reversal of the downtrend
Brent oil in the third quarter reversed the falling trend and rose by 14%, and in the first nine months of its decline was only 0.6%. In the last week of September, the cost of Brent oil blended to new annual highs since January, the price of Brent soared above $58 per barrel. This was facilitated by a series of devastating hurricanes that swept over the United States in September: natural disasters negatively affected the production of shale oil and, accordingly, caused a strong increase oil prices in the end of the month. In addition, Russian Energy Minister Alexander Novak said in September that he did not rule out the possibility of extending the OPEC + deal after the first quarter of 2018. We believe that the rise in oil prices, starting from the second decade of September, was partly due to the statement of the Russian minister. We believe that the rise in oil prices may continue in the fourth quarter.
Currency market: the ruble fell due to oil prices and Trump
In the third quarter and for nine months of this year, the ruble showed multidirectional dynamics against different currencies. Thus, according to the results of the third quarter of the current year, the ruble has risen in price against the dollar by 2.9%, and against the euro, on the contrary, has fallen in price by 1.4%. And over the nine months of this year, the ruble rose against the dollar by 3.8%, and against the euro fell by 7.5%. The euro in the third quarter turned out to be more volatile than the dollar, which was noticeable in the pair EUR/RUB(see graph 3). The growth of the ruble against the dollar could be caused by various factors. Firstly, the depreciation of the dollar against the euro by 11.4% over the nine months of this year, secondly, the rise in oil prices in the third quarter, and thirdly, the recovery from the crisis and the transition of the economy to a stage of moderate growth. It is important to note that for Russia's export-oriented economy, a slight depreciation of the ruble in the first half of the year helped exporters increase production volumes, and in fact became a factor in the strengthening of the ruble against the dollar already in the third quarter.
Chart 2. Average exchange rates of the ruble against the dollar and the ruble against the euro by months, January-September 2017
We believe that the dynamics of the ruble and world reserve currencies until the end of 2017 will be affected by the following events:
Is the Fed going to strengthen the dollar?
It is likely that this is so. Recall that in the IV quarter there will be two meetings of the Federal Open Market Committee: from October 31 to November 1 and December 12-13. The most important for the dollar and, ultimately, for the whole world will be the December meeting. Judging by the speeches of the Fed representatives and Janet Yellen herself, the interest rate will be raised in December. This is helped by record low unemployment in the US, which hit just 4.2% in September, a 16-year low. Although retail sales and inflation show weaker dynamics, this should not, in our opinion, prevent the Fed from raising the rate. In December, the Fed may start clearing the balance sheet, that is, selling excess assets in the form of US government bonds (the amount of assets accumulated on the Fed's balance sheet has reached $4.5 trillion). This along with the increase interest rate in the US will mean the transition of the Fed from soft to tight monetary policy and, accordingly, the course to strengthen the dollar. We assume that a sharp rise in the dollar, however, can be avoided, moreover, in the US there is no clarity on the parameters of future tax reform. The stalling of the reform and the lack of a clear economic policy the government of Donald Trump may become an obstacle to a significant increase in the dollar. For now, we expect a moderate growth of the dollar starting from December.
The Bank of Russia is likely to continue to reduce key rate
In the fourth quarter, the Board of Directors of the Bank of Russia will hold two meetings: on October 27 and December 15. The Central Bank of the Russian Federation did not rule out the possibility of continuing to reduce the key rate, which is this moment 8.5%, in the IV quarter of this year. We believe that at the meeting on October 26 the key rate will be reduced to 8%, the likelihood of further rate cuts in December seems small. Low inflation is an important factor stimulating the Central Bank of the Russian Federation to further reduce rates, however reverse side this process was a sharp decline in inflation in August and September. Thus, the Bank of Russia will need to find a reasonable balance between production support and financial stabilization, including banking sector, which, with the exception of a small number of the largest banks, is still difficult to work in conditions of sharply falling rates, hence financial difficulties from a number of large banks.
Chart 3. Dynamics of the key interest rate in the Russian Federation since the beginning of 2017, %
The consequences of the referendum in Catalonia do not yet pose a threat to the euro
On October 1, in the Spanish autonomy of Catalonia, a referendum was held on independence from Spain and the creation of a separate state. Despite the fact that almost 90% of the voters who came to the polls voted for independence with a turnout of 43%, and the parliament (generalitat) of Catalonia approved the declaration of independence, while the head of the autonomy calls for postponing the declaration of independence and starting negotiations with Madrid through the mediation of the leadership of the European Union. On this news, the euro strengthened against the dollar. Further development developments raises many questions, but it seems that neither Madrid nor Barcelona are interested in refusing dialogue. Neither side wants a civil war and new economic difficulties. However, until the parties agree on how Catalonia will continue to live as part of Spain and what additional rights it will receive, the possibility of upheavals and unpredictable developments in this country still remains. We believe that the euro in this context will be less attractive than the dollar in the fourth quarter.
The ECB may tighten monetary policy
In the fourth quarter, two meetings of the Board of Directors of the European central bank- 26 October and 14 December. The head of the ECB, Mario Draghi, said back in the summer that the ECB could return to the issue of changing the quantitative easing program by the end of the year. The European financial regulator is discussing an increase in the interest rate, which is currently at zero. However, it is still difficult to name the timing of the change. monetary policy in the eurozone. Probably, the ECB will first wait for the Fed's decision to raise the interest rate, in addition, the unpredictability of events in Catalonia also forces the financial regulator not to make sudden movements. An increase in interest rates would lead to a significant increase in the euro, however, it seems that the ECB does not intend to rush to increase yet. The key argument is that the loose monetary policy is working, judging by the rather strong macroeconomic results of the eurozone.
OPEC meets again, but with whom?
The next OPEC ministerial meeting is scheduled for November 29 in Vienna. Will it have an impact on the oil market? Judging by the fact that since the beginning of the year oil has become cheaper, and could not hold on to the annual maximum of $58 per barrel in September, the oil market does not pay much attention to the actions of the oil cartel. And above all, because the cartel itself does not comply with the discipline associated with the implementation of the OPEC + agreement to reduce oil production. There is also pressure on the market from US shale oil producers. Recently, OPEC Secretary General Mohammed Barkindo said that US shale oil producers should be involved in the OPEC+ agreement. The market reacted to this statement with growth, however, more significant for oil market a factor, in our opinion, will be the participation in the agreement of Nigeria and Libya, which, although they are members of OPEC, refused to comply with it. If these two countries join the agreement, then oil will have an incentive to rise further.
Putin's election campaign may start at the end of the year
Recall that in March 2018, presidential elections will be held in Russia. Incumbent President Vladimir Putin has not yet announced his participation in future elections, although no one has any doubts that he will participate in the elections and, of course, win. The official announcement of Vladimir Putin's participation in the presidential campaign may take place, in our opinion, before the end of the year, perhaps during the traditional December press conference for Russian and foreign media. By itself, Putin's announcement of his desire to run for president again will not have an impact on the foreign exchange market, but may create optimism in the stock market. In addition, during the election campaign, Vladimir Putin may make a number of statements regarding his economic policy, and this may cause certain movements on foreign exchange market, as a rule, in the direction of the strengthening of the ruble.
Anniversary of the October Revolution: is there any significance for the market?
Recall that on November 7, Russia celebrates the anniversary of a significant event - the 100th anniversary of the October Revolution of 1917. This event, which is treated differently by different political forces in the country, will not have a direct impact on either the currency or stock market, as it has more historical and cultural significance for the country than economic. However, it cannot be argued that it cannot have an indirect impact on the economy. In particular, in St. Petersburg, where this date will be widely celebrated, despite the fact that November 7 is no longer a day off, a large influx of foreign tourists is expected, primarily from China, a number of countries Latin America and those countries of Southeast Asia that have successfully adopted the Chinese economic and political model (in particular, Vietnam and Laos). An influx of tourists is also expected in Moscow - there will be quite a lot of people wishing to visit places associated with the name of Lenin. This event may have an indirect impact on future economic results, as tourism will provide the country with additional demand for hotel services and will likely help boost retail sales.
Forecast:
In Q4 2017, in our opinion, the main risks for the ruble are the likely strengthening of the dollar, which may lead to a temporary decline in oil prices. There are also risks that GDP and industrial production growth will slow down in the second half of the year, since with a fairly stable ruble exchange rate, import substitution is no longer working, and consumer demand has not yet fully recovered. However, we do not expect either a collapse of the ruble or a collapse in oil prices in the fourth quarter, similar topics that took place in 2014-2015. We expect that in the fourth quarter, if the clean-up of the Fed's balance sheet brings immediate results, and the tax reform of US President Donald Trump is successfully launched, the dollar may rise to levels of 60-62 rubles, but most likely it will not stay there for long , since Russia also has a margin of safety thanks to economic growth and low inflation. We expect that by the end of the year the dollar will be traded in the range of 57-62 rubles, and the euro - at the levels of 66-70 rubles.
Natalia Milchakova, Deputy Director of the analytical department of Alpari
Today I decided to tell you the latest euro forecast for 2017. At present, the Russian economy is going through hard times, financial position state is very unstable.
The country's solvency largely depends on market conditions, or rather on the price of black gold. And as we all know, the price of oil has been at a low point lately. It is for this reason that the Russian economy is not in the most advantageous position. European sanctions have also negative impact on the economy of the state.
The economic state of the state can improve only if the internal / external situation normalizes, the price of oil rises, which will accordingly lead to an appreciation of the Russian ruble. And if the sanctions are lifted, then it will still significantly improve the economy of the state.
Over the past two years, there has been a sharp depreciation of the ruble, which, in turn, has caused unrest among domestic citizens. Today, almost all domestic citizens are interested in the exchange rate, including the euro exchange rate forecast for 2017.
Euro exchange rate forecast for 2017 from the Central Bank
The leadership of the Central Bank said that in the near future we can expect a slight depreciation of the national currency, respectively, the euro will grow against the ruble. But after Brexit, a steadily downward trend was born on the euro / dollar pair, that is, the euro has been depreciating against the dollar for half a year.
1
Let me remind you that many experts predicted the depreciation of the euro, regardless of the decision of the referendum, which actually happened.
The euro exchange rate forecast for 2017 suggests that euro quotes will fall in the future. So, next year the euro/dollar pair will be dominated by a downtrend.
So, the euro will become cheaper in the future, but in order to determine the future ratio of the euro to the ruble, it is worth knowing what will happen to the ruble in 2017. Unfortunately, a sharp improvement in the situation is not expected in the Russian Federation in the near future. Many analysts suggest that next year the national currency will continue its downward trend.
What is the best way to store currency in 2017
Due to the fact that next year the domestic currency is getting a little cheaper, many citizens of the Russian Federation are wondering where to keep their savings in 2017. If you cannot choose what is better to buy: dollars or euros, then experienced financiers advise buying dollars.
I want to note that the quotes of the euro against the ruble are influenced by the quotes of the euro/dollar pair. Bank Credit Suisse, which is located in Switzerland, assures that in 2017 the value of the dollar and the euro will equalize. Even if they are not quoted 1:1, the price of the dollar will significantly approach the value of the euro.
The opinion of the employees of the Morgan Stanley organization is somewhat different from the one presented above, they suggest that in 2017 the value of the EU currency will be 90 rubles. You should not blindly trust their forecasts, as they often make mistakes and change their forecasts.
Employees of the Ministry of Economic Development assure that the increase in oil prices can lead to the stabilization of the Russian economy. And if oil stays at $40, then the government will have to cut budget spending.
Some experts suggest that the government will not be able to cut spending, which will soon lead to a sharp collapse of the ruble. China is actively trading with Russia. If in the future the PRC does not improve its position, then this will further reduce the cost of black gold, which will accordingly lead to a depreciation of the ruble.
In order to improve the situation in Reserve Fund you can take the following steps:
- Reduce costs.
- Use funds from the Welfare Fund.
- Activate issuance financing.
Experienced specialists consider the use of the second paragraph inappropriate, as this will increase the debt. The best option is to reduce costs. So the leadership of the Russian Federation plans to cut costs by 3 trillion rubles in 2017. It is not yet clear what measures will be taken to achieve this.
The most accurate forecast of the euro exchange rate for 2017
You can see the euro forecast for 2017 in Russia below. 
January 2017
At the beginning of the new year, the euro will cost 73.4. Maximum value exchange rate in January 2017 was 73.4, and the minimum was 70.5. The average value for the month is 72.2.
February 2017
In the first days of February, the value of the European currency will be 71.6. The maximum value of the exchange rate in February 2017 will be 74.4, and the minimum 71.5. The average for the entire month is 72.74.
At the beginning of March 2017, the price of the European currency will be 73.3. The maximum exchange rate will be 73.3 and the minimum 70.4. The average value in the month of March is 72.1.
April 2017
At the beginning of April 2017, the euro will cost 71.5. The rate limit will be 71.6 and the minimum 69.5. The average value will be in the region of 70.6.
At the beginning of May 2017, the euro will cost 70.6. The maximum price will be 70.7 and the minimum price will be 68.6. average price EU currency will be 69.9.
In June 2017, the euro will cost 69.6. The maximum price in June 2017 will be 69.6, and the minimum will be 66.9. The average value of quotations in June is 68.5.
In July, the European currency will cost 67.9. The maximum exchange rate in July 2017 will be 68.99, and the minimum 66.95. The average value of the quotes of the European currency will be located in the region of 67.97. 
August 2017
In August, the European currency will cost 67.97. The maximum rate in August 2017 will be 70.7, and the minimum 67.9. The average value of the price will be around 69.05.
September 2017
This month the European currency will cost 69.7. The maximum rate in September 2017 will be 72.5, and the minimum 69.7. The average cost in September will be 70.8.
October 2017
This month the price is 71.4 euros. The limit quotes will be 72.08, and the minimum 69.95. The average cost in October will be 71.5.
November 2017
At the beginning of November 2017, the euro will cost 71. The maximum exchange rate in November 2017 will be 71, and the minimum 67.2. The average cost in November will be 68.9.
December 2017
At the beginning of December 2017, the euro will cost 69.3. Limit quotes will be around 71.7, and minimum 69.3. The average value of the cost in the month of December will be 70.2.
The European currency retains good potential for further strengthening, which is reflected in the euro exchange rate forecasts for autumn 2017.
Improvement in macroeconomic dynamics in the euro area has an impact on investor behavior. In addition, the reduction of political uncertainty has a positive effect on the position of the European currency.
Bet on strengthening
During 2017, the European currency strengthened against the dollar by 5.9%, which is turning into a stable trend. Investor preferences are linked to positive election results in European countries, which reduces the risks for the continued existence of the EU. In addition, the recovery of the pace of development of the eurozone economy will allow the ECB to move to curtail the quantitative easing program. At the same time, the dynamics of the US economy in 2017 lags behind analysts' expectations, which negatively affects the positions of the dollar.
HSBC representatives highlight the change in investor sentiment regarding American currency. If previously speculators preferred to bet on a strong dollar, then the lack of real reforms announced by Donald Trump was reflected in the outflow of capital in favor of the euro. As a result, the quotes of the European currency have overcome the mark of 1.11 USD/EUR and will continue moving towards the line of 1.15.
Analysts at Barclays are also counting on the gradual strengthening of the European currency. American banks recovered faster from the 2008 crisis, which led to the strengthening of the dollar in previous periods. However, the growth of uncertainty for the US economy in 2017 will contribute to the weakening of the dollar in the medium term.
In 2017, the ECB will be able to move to reduce the volume of purchases of financial assets aimed at stimulating economic development. Despite keeping the rate at zero, the curtailment of the quantitative easing policy will strengthen the position of the euro in the short term. At the same time, the growth of the Fed's key rate will lag behind analysts' expectations, which will play against the dollar.
The negative factor for the euro is the lack of consensus with the UK on the final terms of Brexit. Foggy Albion and the EU cannot agree on the final amount of compensation, as well as the further format of trade relations and migration policy. As a result, the eurozone economy may suffer additional losses, which is reflected in the activity of investors.
In the fall of 2017, the euro against the ruble will also go up, analysts predict. At the same time, the scale of changes in currency quotes will depend on the volatility of the oil market.
Euro against ruble
In the fall of this year, the euro will continue to strengthen its position against the ruble, experts predict. Against the background of the positive dynamics of the European currency, the change in the value of the ruble will be caused by price fluctuations in the oil market.
Despite the agreed measures by OPEC aimed at limiting oil production, oil prices will not be able to overcome the bar of $50 per barrel. Volumes of oil consumption are growing at insufficient rates to level the existing surpluses. At the same time, exporters that have not joined the agreement continue to increase the volume of supplies of "black gold", which maintains the existing imbalances. First of all, oil prices remain under pressure as a result of the growth of shale oil production in the United States.
In addition to oil, the ruble's position is being negatively affected by Western sanctions and the decline in the attractiveness of domestic assets. The outflow of speculative capital as a result of the reduction of the Central Bank's rate will reduce the value of the ruble in the short term. In addition, the domestic budget deficit persists for high level, forcing the government to look for additional sources to finance existing expenditures. A moderate weakening of the ruble will increase the revenue side of the state treasury from energy exports, which will make it easier for the government to meet budget targets.
Euro exchange rate of the Central Bank of the Russian Federation for today
The Central Bank of the Russian Federation set the euro exchange rate from October 4 in the amount of 75.7353 rubles. official rate euro, set central bank from October 4, is 75.7353 rubles. Compared to the previous value, the exchange rate increased by 50.81 kopecks.
Many Russian citizens are concerned not only with fluctuations in the ruble, but also in other currencies. Such changes affect our standard of living, so we will look at the situation that is likely to await the euro next month.
World Russian analysts note constant fluctuations exchange rates. According to the results obtained, it is estimated economic condition generally. The euro exchange rate is under significant pressure from the dollar and the policies pursued by Donald Trump. It is the US ruble that dominates the foreign exchange market. Most central banks are hoping for rate hikes in the near future, which are already catching up with the Federal backup system(FRS) USA.
Euro exchange rate forecast for October 2018 - table by day, graph.How has the euro exchange rate changed over the past five years?
The euro currency pair and the Russian ruble are among the most popular. Most analysts noticed regular changes in the price gap.
The situation is best considered concrete examples and numbers:
In 2012 and 2013, the value of the euro/ruble pair ranged from 38 to 42 rubles;
In 2014, the cost increased to 55 rubles;
In 2015, it fluctuated between 68 and 75 rubles;
In 2016, the range did not change much, but still a peak was reached, amounting to 86 Russian rubles for one unit;
In 2018, there was a decrease of about 20 rubles.
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Euro exchange rate forecast for October 2018, daily table
In 2018, the euro exchange rate against the Russian ruble increased by 11.7418 rubles per 1 unit. The maximum value of the euro for the year was recorded in the first half of September and amounted to 81.3942 rubles, and the minimum - in the first half of January and amounted to 67.8841 rubles. The exchange rate grew 6 months out of 9, and the most serious change occurred in August, when the euro added 6.6027 rubles per month.
Euro exchange rate forecast for October 2018, daily table
Day of the week
Current
well ,
Forecast ,
Direction at the end of the day
Course at the beginning of the day from 10.00 – 13.00 hours
Course at the end of the day from 13.00 - 18.00 hours
rise
80,87
82,07 +1,2057
rise
79,98
80,3 +0,32
rise
80,18
80,44 +0,2629
rise
80,32
80,92 +0,6
rise
80,8
81,19 +0,3886
Will not change
81,19
81,19 -
Will not change
81,19
81,19 -
rise
81,44
81,76 +0,32
will decrease
81,64
80,73 –0,9086
will decrease
80,61
80,38 –0,2229
will decrease
80,26
80,07 –0,1943
will decrease
79,95
79,41 –0,5371
Will not change
79,41
79,41 -
Will not change
79,41
79,41 -
rise
78,09
78,16 +0,0629
will decrease
78,04
77,93 –0,1029
will decrease
77,81
77,76 –0,0571
rise
77,64
77,65 +0,0114
rise
77,53
77,87 +0,3429
Will not change
77,87
77,87 -
Will not change
77,87
77,87 -
rise
78,04
78,27 +0,2343
rise
78,15
78,73 +0,5771
rise
78,61
79,1 +0,492
rise
78,98
79,7 +0,7194
rise
79,58
80,69 +1,1143
Will not change
80,69
80,69 -
Will not change
80,69
80,69 -
rise
81,64
81,94 +0,3086
will decrease
81,82
81,64 –0,1829
will decrease
81,52
80,9 –0,6229
How much will the euro cost in October 2018. Euro exchange rate forecast for the near future
According to some analysts, the course of the European monetary unit in 2019 will be as unstable as in 2018-2018. At the beginning of 2019, the ruble against the euro may rise to 85-90 rubles per euro unit, provided that the foreign policy situation in the world does not change.
In the event that the situation in the country and in the world worsens, with the growing tension in relations between Russia and other countries, the figure of 90 rubles for 1 euro is far from the limit. At the end of 2018, the question of the UK's exit from the European Union became acute in Europe. If Brexit does take place in 2019, the euro exchange rate against the dollar will fall sharply.
This will give a strong reason to reduce the value of the euro and in rubles. Also, the easing of the euro exchange rate may also occur in the event of an expected increase in oil prices to $80 per barrel by April 2019.
Euro exchange rate forecast until the end of 2018
Opinion independent experts and economists disagree. The discrepancies in the scenarios are up to 5-12 rubles. Many foreign experts believe that the EU currency rate will rise to the mark of 100 rubles by mid-2018. This figure is due to the fact that Russian economy in the coming months, it will not be possible to raise due to existing sanctions and a decrease in the level of exports of goods. Although not all Western experts predict such a leap. Analysts of one of the largest bank holdings USA - Morgan Stanley - sees no reason for the rise of the euro above the mark of 80 rubles. Such is their latest forecast, based on the growth rate of the Russian economy. In 2018, growth will be at least 1.78%.
How much will the dollar cost in 2019 in Russia latest news
The Central Bank raised the key rate for the first time since 2014: analysts expect the dollar at 62 rubles and the euro at 70. Despite pressure from exporters and the government, who advocated weak ruble, the Central Bank raised the key rate. Experts believe that this will bring down the panic and give space for strengthening the national currency.
The exchange rate of the ruble is expected to become more stable and strengthen, if there are no more sanctions strikes, which are very likely. It is significant that immediately after the decision on the rate National currency rose 1% against the dollar and the euro.
Roman Tkachuk, senior analyst at Alpari, believes that next week, against the backdrop of the decision of the Central Bank, the ruble will continue to strengthen - the dollar will roll back to 67 - 67.5 rubles, and the euro will fall below 79 rubles.
According to Razuvaev, against the backdrop of expensive oil and the absence of geo-economic stresses, by the summer of 2019, the domestic currency may come to the rate of 62 rubles per 1 dollar, and the euro will be at around 70-71 rubles. Only it is unlikely that it will be possible to do without stress - the next packages of sanctions for "chemical weapons in England" are ahead, and it is not known how the situation around Syrian Idlib will end.