What will be the dollar exchange rate for December 2019

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

On the eve of the New Year, many people are already planning trips abroad, which is why it is so important for them to know the forecast of the dollar exchange rate for December 2019 according to the table by day. However, understanding how serious changes in the dollar exchange rate will be, also allows analysts to understand how this can provoke the collapse of individual companies and the economy as a whole.

What can affect the change in the dollar exchange rate

The new forecast of the dollar exchange rate for December 2019 according to the table by day can only roughly highlight the expected changes in the exchange rate of a particular currency, since unforeseen circumstances are not taken into account.

Conventionally, all factors that can affect the rate change can be divided into categories. The first includes factors that can be predicted and predicted by analytical calculations. The second - those factors that are extremely difficult or impossible to predict.

These can be, for example, natural disasters, terrorist acts or military conflicts.

What can happen as a result of a sharp rise in the dollar

According to the forecast of the dollar exchange rate for December 2019 by Sberbank according to the table by days, in December there will be no significant changes with the given currency, however, during the month, minor changes will still overtake the dollar.

In the event that the dollar suddenly rises in price, the following changes may occur in our country:

• the prices of imported products will rise sharply;
• prices for goods and services in general will begin to gradually increase;
• small companies can start to go bankrupt, since they will buy part of their products abroad anyway;
• when it comes to large companies, the fall of the ruble may be a serious blow to them; a number of organizations may even lose some of their savings.

A striking example of a poor-quality forecast of changes in the exchange rate can serve as 2014, when citizens were in absolute peace, believing that they have financial security from all sorts of misfortunes. However, when the dollar jumped to 40 rubles, many wondered why this happened.

Dollar exchange rate forecast from Sberbank for December 2019

The forecast for the dollar for December 2019 from Sberbank can be seen in the table by day, compiled by special analysts of this bank.

Day of week	Forecast, Direction at the end of the day Course at the beginning of the day from 10.00 to 13.00 End of day course from 13.00-18.00 hours
December 1, Sunday	► will not change 0 0 -
December 2, Monday	▲ will rise 64, 16 64, 66 +0, 4992
December 3, Tuesday	▲ will rise 64, 54 64, 58 +0, 0325
December 4, Wednesday	▲ will rise 64, 46 64, 93 +0, 4783
December 5, Thursday	▲ will rise 64, 81 65, 12 +0, 3033
December 6, Friday	▲ will rise 65 65, 2 +0, 2033
December 7, Saturday	► will not change 65, 2 65, 2 -
December 8, Sunday	► will not change 65, 2 65, 2 -
December 9, Monday	▼ will decrease 65, 12 64, 78 –0, 3383
December 10, Tuesday	▼ will decrease 64, 66 64, 54 –0, 1258
December 11, Wednesday	▼ will decrease 64, 42 64, 03 –0, 3842
December 12, Thursday	▼ will decrease 63, 91 63, 74 –0, 1717
December 13, Friday	▼ will decrease 63, 62 63, 12 –0, 505
December 14, Saturday	► will not change 63, 12 63, 12 -
December 15, Sunday	► will not change 63, 12 63, 12 -
December 16, Monday	▼ will decrease 62, 79 62, 78 –0, 005
December 17, Tuesday	▼ will decrease 62, 66 62, 6 –0, 0633
December 18, Wednesday	▲ will rise 62, 48 62, 58 +0, 095
December 19, Thursday	▲ will rise 62, 46 62, 7 +0, 245
December 20, Friday	▲ will rise 62, 58 62, 76 +0, 1825
December 21, Saturday	► will not change 62, 76 62, 76 -
December 22, Sunday	► will not change 62, 76 62, 76 -
December 23, Monday	▲ will rise 63 63, 31 +0, 3158
December 24, Tuesday	▲ will rise 63, 19 64, 16 +0, 9658
December 25, Wednesday	▲ will rise 64, 04 64, 41 +0, 37
December 26, Thursday	▲ will rise 64, 29 64, 7 +0, 4117
December 27, Friday	▲ will rise 64, 58 65, 48 +0, 9033
December 28, Saturday	► will not change 65, 48 65, 48 -
December 29, Sunday	► will not change 65, 48 65, 48 -
December 30, Monday	▼ will decrease 65, 89 65, 75 –0, 1425
December 31, Tuesday	▲ will rise 65, 63 66, 33 +0, 695

This table graphically displays potential changes in the dollar exchange rate. Among the general trends, it can be noted that at the beginning of the month the exchange rate of this currency may slightly increase, and by mid-December it may fall again and take a more advantageous position for the Russians.

However, by the end of the year, the dollar exchange rate is capable of ranging from 64 to 65 rubles per unit.

It follows from this that if you decide to go abroad on New Year's holidays, it is recommended to buy dollars in mid-December in order to acquire currency at the most favorable rate.

The opinion of analysts from different banks

Forecast of the exchange rate for December 2019 according to the table by days from analysts of different banks may differ slightly:

1. VTB Bank analysts we are confident that the sanctions will be somewhat softened or even canceled, and the oil price will remain at the same level. This means that good conditions will be created for the strengthening of the ruble. Therefore, VTB predicts the average dollar rate in December - 64 rubles.
2. Otkritie Bank Expertson the contrary, we are confident that the sanctions will be tightened and will turn out to be one of the obstacles to the improvement of the ruble's position. The average rate from this bank is 65 rubles.

Thus, according to forecasts, the dollar will reach its highest level at the end of the month, closer to the New Year, and the lowest in mid-December. In general, we can say that the dollar exchange rate will change insignificantly.

Bonus

As the main findings, we can say the following:

1. The change in the dollar exchange rate affects both small and large enterprises.
2. According to Sberbank, the dollar exchange rate will change for the better in the middle of the month, but it may rise again by the end of December.
3. Analysts at VTB and Otkritie banks were divided. The former argue that the price of oil will strengthen, the latter say that the dollar rate may be significantly affected by the sanctions.