The current exchange rate of the ruble can be called relatively favorable, first of all, for exporters who receive foreign exchange earnings and bear costs in Russia, especially for those who are still not cut off from Western markets by sanctions, Capital Lab partner Evgeny Shatov told Izvestia on June 16.
“A weak ruble is also beneficial for the budget, taking into account the increasing ruble spending. If we talk about entrepreneurs, everything is different here: for example, a weak ruble is uncomfortable for importers, due to higher costs for purchasing goods abroad and lower demand in the domestic market due to higher prices,” he explained.
At the same time, the expert believes that the current level of 84 rubles per dollar is difficult to characterize as “comfortable”, the level of exchange rate volatility is significant.
According to the Moscow Exchange website, on June 16, by 18:59 Moscow time, the dollar reached 84.1 rubles. Last week, June 9, at the close of trading, the US currency was at the level of 82.6 rubles.
The day before, Russian First Deputy Prime Minister Andrey Belousov told reporters at the St. Petersburg International Economic Forum (SPIEF) that the exchange rate in the range of 80-90 rubles per dollar is optimal for the Russian economy.
