As you know, waiting for the growth of your altcoin and selling it is half the trouble. The second part is converting dollars to rubles at a good rate.
Therefore, today I will run through my thoughts on the ruble exchange rate for the coming months.
As we know, the ruble has strengthened unrealistically strong. It is now ... for $1. Why have we strengthened so much? The explanation is quite long and there are many factors. But in short, big players have big bets on a possible truce. And this truce may lead to a final squeeze of strengthening by 4-6% and that's it. We won't be able to strengthen any further.
Next, the only path we have is towards the weakening of the ruble, and it is very rapid:
1️⃣ At the end of this month, the presidential decree on the mandatory sale of export earnings will expire. It may not be extended or canceled.
2️⃣ The Ministry of Finance has already expressed a desire to change the parameters of the Budget Rule, according to which the budget is formed and currency is purchased.
3️⃣ The Ministry of Economic Development of the Russian Federation has released a revised forecast for this year, in which it made a sharp reduction in the trade balance and lowered the average exchange rate for the year to 94₽.
4️⃣ And in conclusion, oil! Here OPEC wants to gather again in May and discuss an even greater increase in oil production, which could send Brent to 55-50, Urals to 45.
5️⃣ A possible reduction in the rate in the Russian Federation (possibly already in June).
The result.
You've read to the essence and earn the achievement 'best subscriber ❤️'
In short, all of the above gives us strong confidence that we are expecting a powerful fall of the ruble, possibly up to 25% by the end.
So here is a theoretical forecast:
I think the ruble will start to be adjusted very soon; we will see a 10-15% change in two months. The first target for the dollar is 90-92, then 95-96. And then we will see.
I hope that by this time the altcoin will pump 👉👈