What will be the dollar exchange rate in January 2020

2024 Author: James Gerald | [email protected]. Last modified: 2024-01-12 17:37

Not only people associated with the banking sector are interested in the dollar rate forecast, but also ordinary citizens planning trips abroad, so they need to know about the value of the currency for January 2020. A table for each day of the month from Sberbank and information from other credit organizations will help you remember what the dollar will be at the beginning of next year.

Factors affecting the formation of indicators

The American currency exchange rate is formed under the influence of such factors:

• gold price;
• the cost of oil;
• ongoing hostilities;
• foreign policy established in foreign countries;
• interest rates established by banks on loans and borrowings.

These factors relate to external representatives, thanks to which the position of the ruble relative to the dollar and other world currencies is established.

In addition, there are internal factors that also affect the formation of the dollar's value:

• indicator - gross domestic product;
• import parameters, in which a decrease in the total amount of imported goods and products is combined with a sufficient decrease in the economic indicators of the state;
• transactions for the sale of real estate - if the purchasing power of the citizens of the country increases (they can buy a house or apartment);
• consumer price index.

What awaits the dollar in January 2020

When making a forecast for the value of a currency, experts analyze the change in the exchange rate for previous periods. The analysis focuses on various events that significantly affected the value of the American currency.

It is worth noting that the dramatic rise in the dollar took place in 2015, when the situation in Ukraine became more tense, and the price of oil dropped significantly.

Interesting! Euro exchange rate for January 2020

Long-term forecasts are formed by specialists who take into account different outcomes of events, both positive and negative.

If the situation is favorable, the dollar in January will cost 56-59 rubles. In case of unfavorable events, with a decrease in oil prices and the appearance of additional sanctions, the dollar may rise to 100-120 rubles.

Forecasts from credit institutions

To prevent errors in the dynamics of the dollar exchange rate for January 2020, you should view the forecast in the form of a table by day provided by Sberbank experts.

Analyzing the information presented, we can say that the average growth rate of the dollar exchange rate in January 2020 will reach 3%.

In turn, VTB Bank analysts also formed their forecast for the dollar for January 2020, but without a table and a detailed description by day. According to the bank's data, the value of the dollar currency at the beginning of next year will rise to 69.71 rubles. At the end of the month, the dollar may rise to 71.92 rubles. This means that during January, the value of the currency will gradually increase.

According to the forecast of VTB specialists, the increase in the American currency will also pass to the period from February to the end of March. But starting from April until the end of July, the dollar will begin to decline in value.

Interesting! Euro exchange rate for February 2020

Otkritie Bank specialists conducted a study and also generated a forecast for the dollar exchange rate for January 2020, but not by day in the table, but in the form of generalized information. The bank's specialists say that at the beginning of January the dollar will cost 69.89 rubles, and at the end it will rise to 72.07 rubles. Throughout the month, the currency will increase in price by 2, 18 rubles.

Just like VTB's forecast, Otkritie assumes that the increase will last until the end of March, and in April the dollar will begin to gradually decline. From this it follows that it is recommended to purchase American currency in mid-April, at the same time, and you should plan foreign trips.

According to UniCredit experts, after the New Year, the dollar rate will be 74 rubles. and throughout the year it will slowly decrease, reaching 63 rubles.

Gazprombank also formed an assumption regarding the dollar in January 2020, and in their opinion, throughout the year the American currency will not change, remaining at the level of 73 rubles. However, at the end of the year, it may fall to 58 rubles.

According to Sberbank experts, in early 2020, the country's economic region will stabilize, and corporate deposits will increase by about 5-8%.

Bonus

Summarizing the above, several conclusions can be drawn:

1. If favorable conditions are created in the country, the dollar exchange rate will be about 68-69 rubles.
2. During January, changes in the exchange rate are possible, and then the American currency may rise in price to 71-74 rubles.
3. We should not exclude unfavorable developments, in which the value of the dollar may rise to 100 rubles. and higher.