Economists Have Estimated Prospects for the Ruble in 2020
The year 2019 ends with the ruble below 62 rubles per dollar: since the beginning of the year, it has strengthened by 12.6% as of the last trading day on December 30. Over the past year, the exchange rate of the Russian currency, on the contrary, fell - by 17.5%. In 2017, the ruble didn't reach the level of 2017 (57.6 rubles per dollar at the end of December): it traded in the range from 62 to 70 rubles for the dollar.
The ruble remains underestimated, according to Citi economist for Russia, Ukraine and Kazakhstan, Artem Zaigrin: throughout 2019, a high level of risk premium in the ruble supported the influence of the budget rule (the mechanism of currency purchases by the Ministry of Finance on excess profit from oil is more expensive than $ 41.6).