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Ruble on the Rise: Reasons behind the Strengthening of the Russian Currency
... increasing currency interventions in the market as part of its budgetary regulations, positively impacting currency supply.
Tax Period
During this time, exporters traditionally sell currency to pay taxes, increasing demand for rubles.
Rising Commodity Prices
The increase in the prices of oil, gas, and gold — Russia's main export commodities — supports currency inflows and strengthens the ruble.
High Interest Rates
The attractiveness of ruble-denominated assets for investors remains high due to significant ...
Investing in Cryptocurrency – The Most Profitable Directions
... are accessible only to a select group. Before making a purchasing decision, it’s essential to closely examine the most popular options.
Bitcoin
Bitcoin is the most well-known cryptocurrency, driven by its strong market capitalization and dramatic price increases. Over the past few years, the price of this cryptocurrency has multiplied several times over, making it appear to be an optimal investment choice. However, the reality is less rosy. Currently, the value of virtual coins has significantly decreased,...
Bitcoin Breaks Historical High and Corrects
... occur, interest may focus on
$118–120,000
.
Momentum:
short-term indicators suggest cooling off after vertical movement; consolidation enhances trend quality.
Short-Term Risks
Volatility:
following the new highs, the likelihood of range expansion increases.
Liquidity:
a thin order book during off-peak hours amplifies price movements.
Macroeconomic and regulatory factors:
unexpected news can accelerate corrections.
Implications for Investor Strategy
Medium-term trend
remains bullish: the ATH update confirms the strength of the bulls.
Retracement tactics:
gradual purchases ...
Investing in Gold – Arguments in Favor of Investment
... and demand in the market, leading to a gradual increase in the value of precious metals. Consequently, investors who have invested in gold can expect to see higher profits.
In just 1-2 years, market changes will become apparent, with precious metal prices gradually increasing. On average, the price may rise by 5-7% per year, so investing today could yield a 7% return after one year, calculated in currency terms, thus mitigating inflationary risks.
However, it is advisable not to rush into selling precious metals....
What will be the ruble to dollar exchange rate at the end of the year?
... dollar to ruble exchange rate by the end of 2024 is expected to be in the range of 93 to 100 rubles per dollar. With stable oil prices and no new sanctions, the rate will likely be closer to 93-95 rubles. In a more negative scenario, with falling oil prices and increasing sanctions pressure, the rate may come closer to 100 rubles per dollar.
Comment by Sergey Tereshkin, CEO of Open Oil Market:
In such an uncertain economic environment, it is important to consider both scenarios - both strengthening and weakening ...