What will happen to the dollar in 2020

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

Many Russians are interested in what will happen to the dollar and the ruble in 2020. In the media, on television and on the Internet, expert opinions differ on this issue. Some point to anti-Russian sanctions and the cost of oil on the world market, which will contribute to an increase in the price of the dollar and a decrease in the value of the ruble, while others predict the stabilization of the Russian currency in the new year and minor changes in its exchange rate.

What will determine the price of the dollar in 2020

Experts at the beginning of this year gave different assessments of the American currency, which were revised by them in the spring and summer, taking into account the current economic and political situation in the world.

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Expert organizations close to the Russian government predict a slight rise in the dollar against the ruble. Bank representatives believe that its price will rise quite significantly and from today's level of 64 rubles per dollar, it will reach 80-85 rubles in January next year. due to tough anti-Russian sanctions.

Based on the analysis of various factors affecting the quotations of currencies, experts of the banking sector of the Russian economy believe that the ruble has no chance of strengthening.

It is not yet clear what will happen to the dollar in 2020 amid the trade wars between the United States and China. According to experts, the fall is forecasted only for the Russian currency.

A large number of factors affect the dollar exchange rate:

• international situation;
• oil prices on the world market;
• significant sports, cultural and other events that affect the rating of the main players in the international arena;
• the level of business activity in the United States itself and in the developed countries of the world.

According to financial analysts, the dollar is not expected to rise too sharply in the coming year. In general, the situation with the dollar depends mainly on oil prices, which in 2020, according to experts, will remain around $ 70 per barrel.

Will the dollar collapse in the coming year?

Many Russians try to save their money from inflation by using the American currency into which they transfer Russian rubles. These people are primarily concerned about the question of what will happen to the dollar in 2020, will it fall sharply in price immediately after the New Year? According to experts, this will not happen next year, but in the near future the situation may change.

Increasingly, representatives of the world financial circles and international financial institutions are talking about the need for a radical modernization of the architecture of the world monetary and financial system. Recently, information appeared in the media that serious financial structures began to work on this:

• American Fed;
• Bank of England;
• European Central Bank.

In Western countries, in the context of strengthening the economic power of China, India, Russia and the states of Southeast Asia, they decided to abandon national currencies in favor of a single supercurrency. According to Western experts, this should improve the economic situation in the western sector of the economy.

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When this will happen is unclear, but those who keep their savings in US currency should carefully monitor what will happen to the dollar in 2020 and beyond. According to experts, it is not worth keeping large amounts in foreign currency if a person makes the main expenses in rubles. It is better to gradually convert dollars into rubles and master new ways to increase your savings.

A collapse of American money is not expected in the coming year, but that does not mean that everything will remain the same. The American national debt is constantly on the rise. President Trump has pledged to pay it off in full during his second term as president. This can be done only with the help of cardinal methods, having written off the accumulated trillions. This only confirms that the dollar will not collapse in 2020, but what will happen to it later is not clear.

Will the US currency rise or fall in 2020?

The fall of the American dollar is possible only with the simultaneous abandonment of all Western states, including the United States, in favor of a single currency of the Western world.

Theoretically, the collapse of the American currency is also possible with the simultaneous abandonment of it by all large countries in favor of their national currencies. When one or several countries switch to trading in their national currency, the dollar will not fall sharply, although this will greatly weaken it.

Russia is now switching to trading in rubles on the international market, wishing to strengthen the position of its national currency and achieve an economic breakthrough. This is a gradual process that will yield results not in a year or two, but in decades. However, given such a long perspective, it is worth noting that although the dollar will not collapse in the new year, but most likely will even grow up against the ruble, one should not strongly hope for its growth.

According to Yan Art, the devaluation of the ruble will be creeping, as the Russian regulator is not interested in strengthening the ruble. This will have a bad effect on the economy if oil prices on the world market fall.

Andrei Dirigin agrees with him. He points out that with a depreciation of the ruble, the competitiveness of exported Russian goods increases.

Donald Trump is also demanding a cheaper dollar, criticizing the Fed's policy. Analyst Marina Minervina points out that the American president believes that the federal reserve system should cut interest rates not only to zero, but even to minus.

In this context, the forecasts of experts from the Ministry of Economic Development seem to be more realistic, who believe that the exchange rate of the ruble against the dollar in 2020 will be approximately 68 rubles. for the dollar. According to experts from the Higher School of Economics, the dollar may fall to 56-58 rubles, but no more.

The American currency will now fluctuate slightly without changing its price values against the ruble. This is done to prevent a massive rejection of the dollar. When the US is fully prepared for the transition to a supercurrency, it will simply collapse its own dollar in order to zero out its government debts.

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This will be done at the expense of holders of American money in all countries of the world. It is better now to start transferring your savings from dollars to rubles or yuan gradually, than to lose everything you have accumulated one black morning.

Bonus

The dollar still remains the main world currency in the international market and in internal settlements of different countries. However, the following trends are observed:

1. The United States itself began to speak aloud more and more often about the need to abandon national currencies, including the dollar.
2. The world is witnessing a change in the old financial concept to a new one in the context of heightened economic competition between the United States and China.
3. Russia is actively switching to trading in rubles on the world stage.
4. The concept of a global world centered on the United States and the dollar as its main currency failed.