Dollar exchange rate for December 2020 by days

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

Experts' opinions on the decrease / increase in the dollar exchange rate in December 2020 are ambiguous. Some believe that the ruble has strong enough support, so it should not be expected to fall. Others are confident in the complete devaluation of the Russian national currency by the end of this year. Leading analysts, including experts from the Central Bank of the Russian Federation, shared their forecasts regarding the value of the “American”. The data is presented in a detailed table by day.

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Now, when there is a strengthening of national currencies of the main part of developing and developed countries, interest in the dollar has slightly decreased and continues to weaken. But analysts still consider this a temporary phenomenon. Experts are confident that the trade war between the PRC and the United States will return the "American" popularity as one of the safest investment instruments.

Recall that the dollar began to decline in March, and today its index has dropped by almost 5%. Recently, there was a sharp rise in the shares of the largest companies, the reason for which was the confidence of investors in effective assistance to the economies.

In such situations, the dollar usually strengthens, but this has not happened now. Experts believe that the main obstacle to this is the central banks, most of which are planning to continue to buy government bonds, as well as other government assets.

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Expert opinions

About 30 out of 50 surveyed experts predict further weakening of the dollar in the next six months. Meanwhile, another part of analysts is confident that the confrontation between Washington and Beijing will only intensify, and this, in turn, will attract investors' attention to more stable and stable currencies.

The head of the currency operations department at BBVA, Roberto Cobo Garcia, also does not see any prerequisites for weakening the US-China contradictions, especially against the backdrop of the upcoming US presidential elections, therefore, he is confident in the further appreciation of the American currency.

Nevertheless, Russian experts have high hopes for the growth of oil prices, which will allow the ruble to keep its positions below 70 rubles per USD. But besides black gold, the state of the Russian national currency is positively affected by unfulfilled gloomy forecasts about the fall of the global economy.

Indeed, now many states are experiencing some difficulties, but it is impossible to talk about a repeat of the Great Depression at the moment.

Alexander Yanyuk, financial analyst at CEX. IO Broker, is confident that the high cost of hydrocarbons will further restore the ruble's position against the “American”. This means that the rate will return to the range of 65-67 rubles per USD.

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The same point of view is shared by Vladislav Antonov, an expert at IAC Alpari, who believes that “the overall picture remains in favor of the ruble” and further growth of stock indices and oil prices will lead to a decline in the dollar rate to 68 rubles.

Natalia Orlova, chief economist at Alfa Bank, also believes that in December 2020 the dollar will reach 67 rubles, while a significant strengthening of the ruble may occur in the fall. But the expert reminds that one should not discount the upcoming elections of the American president.

Depending on whether there will be a new leader in the United States or will remain the same, the direction of the dollar exchange rate and, accordingly, the Russian national currency will also be determined.

Analysts of the Central Bank believe that significant and sharp fluctuations in the value of USD should not be expected until the end of the year. In their opinion, the price of the dollar, even with an unfavorable development of events, will not exceed 68 rubles. And Elvira Nabiullina, head of the Central Bank of the Russian Federation, adds that the country's economy will be saved by the regulator's readiness for any changes, so there is no reason for the devaluation of the national currency.

The Ministry of Economic Development also spoke about the December dollar exchange rate. Specialists of the department even expect some strengthening of the Russian currency due to the correct conduct of budgetary policy, which implies curbing external influence on domestic economic parameters. According to analysts of the Ministry of Economic Development and Trade, at the end of 2020, approximately 66.2 rubles will be offered for USD.

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Dollar Forecast for December 2020

Experts of the independent agency for forecasting the currency market have made an approximate forecast of dollar exchange rate fluctuations for December 2020 by days, which is presented in the table below.

Date, day of the week	Dollar exchange rate at the beginning of the day (until 11.00)	USD exchange rate at the end of the day (after 14.00)	Direction by the end of the day
2020-01-12, Tuesday	78, 23	80, 7	Enhancement
02.12.2020, Wednesday	67, 94	69, 18	Enhancement
03.12.2020, Thursday	69, 18	68, 9	Downgrade
2020-04-12, Friday	68, 9	70, 07	Enhancement
2020-05-12, Saturday	70, 07	70, 07	Without changes
06.12.2020, Sunday	70, 07	70, 07	Without changes
2020-07-12, Monday	70, 95	71, 61	Enhancement
08.12.2020, Tuesday	71, 61	71, 09	Downgrade
09.12.2020, Wednesday	71, 09	69, 58	Downgrade
10.12.2020, Thursday	69, 58	68, 77	Downgrade
11.12.2020, Friday	68, 77	67, 12	Downgrade
12.12.2020, Saturday	67, 12	67, 12	Without changes
2020-13-12, Sunday	67, 12	67, 12	Without changes
2020-14-12, Monday	64, 1	63, 53	Downgrade
2020-15-12, Tuesday	63, 53	63, 42	Downgrade
2020-16-12, Wednesday	63, 42	63, 01	Downgrade
2020-17-12, Thursday	63, 01	62, 4	Downgrade
2020-18-12, Friday	62, 4	62, 32	Downgrade
19, Saturday	62, 32	62, 32	Without changes
2020-20-12, Sunday	62, 32	62, 32	Without changes
2020-21-12, Monday	62, 94	63, 42	Enhancement
2020-22-12, Tuesday	63, 42	64, 1	Enhancement
2020-23-12, Wednesday	64, 1	64, 75	Enhancement
2020-24-12, Thursday	64, 75	67, 53	Enhancement
2020-25-12, Friday	67, 53	68, 35	Enhancement
2020-26-12, Saturday	68, 35	68, 35	Without changes
2020-27-12, Sunday	68, 35	68, 35	Without changes
2020-28-12, Monday	71, 88	73, 14	Enhancement
2020-29-12, Tuesday	73, 14	73, 62	Enhancement
2020-30-12, Wednesday	73, 62	72, 76	Downgrade
2020-31-12, Thursday	72, 76	74, 65	Enhancement

Summarize

1. Experts are still afraid to give accurate forecasts about the dollar exchange rate at the end of 2020.
2. According to some experts, we should expect strengthening of the Russian currency against the background of rising oil prices. Other analysts predict the devaluation of the ruble, which, in their opinion, will be facilitated by the coming global crisis.
3. Most experts, including those from the Central Bank, are optimistic and confident that the national currency will keep its positions at the level of 67-68 rubles per USD.