Russians are expecting an expensive dollar: what 2025 has in store
Next year, the dollar to Russian ruble exchange rate may reach 130 rubles.
This forecast was made by Svetlana Sazanova, Associate Professor of the Department of Institutional Economics at the State University of Management, and Candidate of Economic Sciences.
The economist's opinion is cited by Bankiros.ru .
What will happen to the dollar in 2025
As Sazanova explained, the Russian government’s long-term strategy for managing the national currency provides for its controlled weakening.
According to her, this allows stimulating exports, increasing budget revenues and reducing the national debt.
This policy is beneficial to the economy at this stage, the economist stated.
She noted that the Russian currency exchange rate is influenced by many factors.
In the short term, the exchange rate is influenced by supply and demand from Russian and foreign economic entities.
As for long-term factors, the Central Bank of the Russian Federation may put pressure on the ruble by raising the key rate.
An increase in the US Federal Reserve rate could also lead to an increase in the dollar exchange rate.
Sazanova expects that next year the exchange rate of the American currency will grow by 2-3% per month with short-term jumps in the range of 100-130 rubles.
We shouldn’t expect a significant strengthening of the ruble, the economist added.
