Should You Buy Dollars Now? Analysts Reveal What the Exchange Rate Will Be
Freedom Finance Global analysts do not advise Russians to buy American currency now.
The analysts' forecast is provided by Bankiros.ru.
Why it is not profitable to buy dollars now
As Freedom Finance Global explained, there are two reasons why you shouldn’t buy dollars now.
Firstly, the American currency has been depreciating against most world currencies for the third month in a row amid expectations of a cycle of rate cuts by the Federal Reserve System.
Secondly, experts do not recommend buying dollars at the current price of 92.8 rubles, since the rate was lower recently.
According to analysts, it is not profitable to buy dollars now, even taking into account the possible rise in price by the end of the year.
Even if the dollar exchange rate rises to 97-98 rubles by the end of the year, buying currency now does not seem like the best solution, writes Bankiros.ru .
