Dollar exchange rate for November 2020 by days

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

The forecast for the dollar exchange rate for November 2020 can only be tentative. The table by days from the Central Bank of the Russian Federation contains data that may change depending on the influence of external factors. Some experts expressed their opinion of the American course in the future.

Dollar quotes in November 2020

The performance of the US dollar against the ruble may be different under the influence of the circumstances taking place in the world. Below is a table with the expected dynamics of the ruble per dollar for November 2020.

date	Behavior	Indicator at the beginning of the day	End of day indicator
01.11.2020	without changes	67, 27	67, 27
02.11.2020	the rise	67, 27	69, 29
03.11.2020	the rise	69, 29	69, 32
04.11.2020	the rise	69, 32	70, 42
05.11.2020	the rise	70, 42	71, 24
06.11.2020	the rise	71, 24	71, 37
07.11.2020	without changes	71, 37	71, 37
08.11.2020	without changes	71, 37	71, 37
09.11.2020	recession	71, 37	70, 14
10.11.2020	decline	70, 14	69, 33
11.11.2020	decline	69, 33	67, 27
12.11.2020	decline	67, 27	66, 72
13.11.2020	decline	66, 72	64, 53
14.11.2020	without changes	64, 53	64, 53
15.11.2020	without changes	64, 53	64, 53
16.11.2020	decline	63, 79	63, 43
17.11.2020	decline	63, 43	62, 88
18.11.2020	decline	62, 88	62, 69
19.11.2020	the rise	62, 69	63, 16
20.11.2020	the rise	63, 16	63, 43
21.11.2020	without changes	63, 43	63, 43
22.11.2020	without changes	63, 43	63, 43
23.11.2020	the rise	64, 53	65, 21
24.11.2020	the rise	65, 21	66, 79
25.11.2020	the rise	66, 79	67, 81
26.11.2020	the rise	67, 81	68, 9
27.11.2020	the rise	68, 9	70, 14
28.11.2020	without changes	70, 14	70, 14
29.11.2020	without changes	70, 14	70, 14
30.11.2020	decline	73, 02	71, 65

It all depends on what events will take place in the world community. Experts have formed two options for development:

1. Adverse. If the coronavirus epidemic cannot be stopped, the Russian currency will suffer. Uncertainty in the global hydrocarbon market may have the greatest negative impact on the exchange rate. Independent economist Anton Shabanov argues that certainty and the signing of new agreements under OPEC + are important for the markets. Experts expect the dollar to rise against the ruble in the near future.
2. Favorable. If the Russian authorities stabilize the situation, then another scenario, more optimistic, is possible. Economist Vladislav Ginko assures that the sharp jump in the dollar rate will be short-lived. After that, it will decrease, because only external factors affect it.

What are the experts' predictions based on?

The forecast of specialists of the Center for Macroeconomic Analysis and Short-Term Forecasting reports that the dollar may rise to 90 rubles. This is possible if the second wave of the coronavirus epidemic begins.

In this case, the authorities will be forced to re-introduce restrictions, which will negatively affect the economic situation in the country.

The CMASF suggests that in the second half of 2020, the ruble will weaken significantly. The reasons for this will be:

• decline in oil prices;
• seasonal growth in domestic demand for foreign exchange;
• loss of capital from emerging markets.

Experts believe that already in the IV quarter of this year and by the end of 2022, the dollar will reach 87-91 rubles. According to economists, in 2023 the indicator will fluctuate from 83 to 87 rubles per dollar. Favorable outcome of events - 85 rubles per dollar in the IV quarter. Unfavorable - 100 rubles per dollar.

The forecast of the dollar exchange rate is information that changes under the influence of external factors. In the table by days for November 2020 from the Central Bank of the Russian Federation, only approximate data. What the dollar will be will become known closer to a specific date.

Summing up

1. The dollar exchange rate forecast for November is tentative. Indicators are constantly changing under the influence of external and internal factors.
2. Experts have suggested what the dollar will be like in November 2020. According to the table, the American currency against the ruble will fluctuate from 62.69 to 73.02.
3. Experts suggested that the dollar could reach 100 rubles if the second stage of the coronavirus epidemic begins in the world. In addition, the weakening of the ruble will be affected by the decline in oil prices.