Russian tourists advised when to buy foreign currency for the summer holidays

Russian tourists were advised when to buy foreign currency for the summer holidays

Russian tourists were advised to wait until the end of February when buying foreign currency for a trip – in the short term, the dollar exchange rate will be above 73 rubles , however, it is likely to decrease further. This assessment of the situation was voiced in an interview with Rossiyskaya Gazeta by financial analyst of the FINMIR marketplace Sergey Chevrychkin.

According to him, at the moment, the Russian ruble is being “pressed” by the correction in oil prices and problems with the supply of petroleum products. As a result, for some time the dollar exchange rate will move in the range of 72.7-75.2 rubles. The euro exchange rate is in the range of 77.3-81 rubles. The yuan exchange rate will be in the range of 10.7-11.7 rubles. But this will not always be the case. “Technical analysis of the charts of currency pairs indicates that there is a possibility of strengthening the ruble. The correction can be used to buy foreign currency for the upcoming holiday season,” Sergey Chevrychkin said.

He also noted that the ruble might begin to appreciate as early as this month. “Historically, the most favorable months for the national currency are February, March and April – but 2022 was an exception, significantly beyond the analysis of statistical deviations,” he added.

In the end, if everything goes as planned, then the dollar will fall in the range of 69.5-65.5 rubles, the euro will be in the range of 73.5-70.5 rubles. Which is generally more convenient for tourists.

For those who care about a healthy lifestyle, we recommend reading: “A nutritionist listed deadly diseases that drinking coffee prevents.”

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