Registration
+74997030399

Deterioration of the ruble exchange rate forecast

Published - 2018-04-18

MOSCOW (Reuters) - The Ministry of Economic Development and Trade of the Russian Federation has worsened the average annual ruble exchange rate forecast for the US dollar for the next three years, maintaining estimates of economic growth, investment, and inflation.

Minek has worsened the forecast of the course to 67.2 rubles per dollar in 2020 (63.8 in the previous forecast), and 67.8 rubles per dollar in 2021 (64.0 in the previous forecast).

At the same time, the Ministry retained for the current year a forecast of GDP growth (+1.3 percent), investment (+3.1 percent), and inflation (+4.3 percent), and expects an improvement in macroeconomic indicators from next year.

OUR REWARDS
  • Best Forex Provider of 2015 Investors Chronicle & Financial Times
  • Best FX Provider of 2016 Online Personal Wealth Awards
  • Best FX Broker of 2017 Shares Awards
  • Best forex performance of 2017 CFI

The activities of our company are subject to licenses: CySec, MiFID, Ernst & Young and Belize IFSC (license number 60/354 / TS / 17). The availability of these licenses is evidence and guarantee of the provision of high-quality services by UXOOL to its clients at the highest level of service, in accordance with the highest regulations and requirements. UXOOL Ltd is part of the international holding company Leverate Financial Services Ltd (Regulated by Cyprus Securities and Exchange Commission License no. 160/11) .

View our documents