The pessimistic forecast for the dollar to Russian ruble exchange rate for January next year suggests a significant weakening of the Russian currency against the backdrop of economic restrictions and geopolitical instability.
This was stated by candidate of economic sciences Mikhail Kosov.
The economist's opinion is quoted by the publication Bankiros.ru .
What will be the dollar exchange rate in Russia in January 2025
As the economist explained, a number of factors are putting pressure on the Russian currency.
These include the potential worsening of the geopolitical situation after the inauguration of Donald Trump and possible new international conflicts.
According to Kosov, this could undermine investor confidence, including in the Russian market.
Another negative factor is the currency deficit observed on the Russian domestic market.
As the economist explained, it is connected with sanctions, restrictions on the sale of export earnings and a reduction in foreign exchange earnings.
Next year, Kosov noted, foreign exchange earnings will decline even more, since gas transit through Ukraine will be stopped.
This will significantly reduce foreign exchange earnings into the country, the expert said.
According to him, the pessimistic scenario suggests that the dollar will cost 110-120 rubles in January 2025.
The euro exchange rate, according to the pessimistic scenario, will be 115-125 rubles, and the Chinese yuan – 15-16 rubles.
