What will be the dollar exchange rate in November 2021 and expert opinions

2024 Author: James Gerald | [email protected]. Last modified: 2024-01-18 00:05

During all crises, the American currency is in great demand. Investors, in order to keep their savings, accumulate stocks, respectively, the value of the dollar rises. An understanding of the economic and political situation will help to determine what the dollar exchange rate will be in November 2021.

Prospects for changes in the value of the dollar

The dollar is strengthening during the crisis. It is worth considering the possibility of an increase in the price of the American currency from this point of view. The fight against coronavirus is still ongoing, the economies of the countries of the world are undermined. The current unfavorable situation will persist at least until autumn.

Vaccinations all over the world are marching in big strides. Most states prefer the American vaccine, it has become the most popular and credible. Procurement of medicines from the United States requires a large amount of dollars, which directly contributes to the growth of the rate.

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Along with this, other drugs are widely used in the world. Vaccination with the AstraZeneca vaccine makes it possible to visit 120 countries. People vaccinated with Pfizer-BioTech can visit 90 countries. Sputnik V opens access to visits to 65 countries. Moderna is in fifth place, with this vaccine, you can freely travel to 45 countries.

Immunization of most of the planet is aimed at eradicating the deadly virus. This means that soon we should expect a recession in the epidemic. By the beginning of autumn, the quarantine restrictions will be maintained, but there is hope that the situation will be rectified by the end of autumn. Once the coronavirus is defeated, economic activity will return to its normal course as well.

In the event of a recession in the epidemic by the end of autumn, the situation will show what the dollar exchange rate will be in November 2021. Such a development assumes that the rate of this currency will fall, not rise.

The resumption of air travel and cargo transportation will allow faster recovery of the economies of all countries of the world. This means that the rates of other currencies will go up, reducing the demand in the international market for the dollar.

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Dynamics of the dollar in the table

What the dollar exchange rate will be in November 2021 will be seen from the statistics.

Day of week	Direction	Start of the day	End of the day
Nov. 1	-
November 2	the rise	72, 77	74, 08
the 3rd of November	the rise	74, 08	74, 1
November 4th	the rise	74, 1	74, 81
November 5	the rise	74, 81	75, 34
6 November	without changes	75, 34	75, 34
7 november	without changes	75, 34	75, 34
8 november	decline	75, 85	75, 43
November 9	decline	75, 43	74, 63
10th of November	decline	74, 63	74, 11
11th of November	decline	74, 11	72, 77
12 november	decline	72, 77	72, 42
the 13th of November	without changes	72, 42	72, 42
14 november	without changes	72, 42	72, 42
15th of November	decline	70, 64	70, 53
November 16	decline	70, 53	70, 29
17 november	decline	70, 29	69, 94
November 18th	decline	69, 94	69, 82
19 november	the rise	69, 82	70, 12
20 November	without changes	70, 12	70, 12
November 21	without changes	70, 12	70, 12
November 22	the rise	70, 55	71
23 november	the rise	71	71, 45
24 november	the rise	71, 45	72, 46
November 25	the rise	72, 46	73, 13
November 26	the rise	73, 13	73, 83
November 27	without changes	73, 83	73, 83
November 28	without changes	73, 83	73, 83
29th of November	the rise	76, 19	76, 49
November 30th	decline	76, 49	75, 6

The data prepared by the specialists show that the dollar exchange rate can be depreciated, but only by 2-3%.

Forecast for November

The uncontrolled emission of the dollar and other measures to increase the currency in circulation must come to an end. The American authorities understand that an increase in the money supply above the current market for goods and services leads to a depreciation of the dollar. Inflation is also getting too high.

The US economy must cope with its losses on its own, and not use additional funds. Therefore, the Government began to take measures in the form of market regulation, increasing the key rate and reducing reserve requirements.

American analysts give a disappointing forecast of what the dollar exchange rate will be in November 2021. The American currency can lose up to 10% of its value in relation to other world currencies. If at the end of the summer of 2021 it was possible to buy 1.22 dollars for 1 euro, then by autumn this ratio is expected to be 1.25.

In August for 1 pound sterling it was possible to buy 1.36 dollars. According to experts, by the middle of autumn the dollar price will decrease. And then already for 1 pound it will be possible to buy 1, 42 dollars. In Russia, the ruble is also expected to strengthen at a rate of up to 71 per dollar.

The dollar has been overestimated in terms of opportunities and influence, and now the rate of the American currency should be built out of the present realities. According to the forecast, the decline is due to a decrease in the US asset market, an increase in the Federal Reserve Service rate, and monetary policy. As a result, the value of the dollar may drop to 70 rubles. for 1 unit.

Outcomes

The new US inflation targeting system will keep interest rates low in the near future. This will prevent the dollar rate from growing indefinitely. By the end of November, the dollar will drop to 75 rubles. per unit, and in the middle of the month may fall to 69 rubles.