When the dollar will cost 100 rubles in 2020

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

Due to the pandemic in 2020, exchange rates are skyrocketing. Many are interested in whether a dollar will cost 100 rubles in 2020? If so, when and what consequences are expected - get the latest news from experts.

If the dollar continues to grow: what will happen in the country

Half of the Russian population does not even suspect how much it depends on the dollar exchange rate. Turning on the news in the evening, many do not listen attentively when it comes to politics and exchange rates, mistakenly believing that it does not concern them.

The rise in dollar quotes will most of all affect the common people. When the USD rate rises, the prices for oil rise, and, accordingly, for imported products and goods. Since most of the goods that we see on the shelves are made in China, only a few of them will be priced the same.

Salaries do not grow with an increase in the dollar exchange rate. In case of a decrease in the value of the "American", prices will remain the same as they became after the increase.

For the state, an increase in the dollar exchange rate is more profitable. In this case, exports, like imports, become more expensive, due to which more impressive amounts are received by the treasury. The state as a whole will receive additional income, in contrast to the citizens of the country.

Course statistics: is it possible to raise the dollar to 100 rubles

To figure out how much the dollar rate can rise, it is worth looking at its statistics. It has changed a lot since 2010. So, its minimum mark was 27 rubles (December 16, 2014), and the maximum - 83 rubles (September 30, 2020).

Over the past ten years, the "American" has grown a lot. Sometimes there was a slight decrease, but in general the rate is steadily creeping up.

With a certain degree of probability, we can say that in the near future the dollar will rise and, possibly, will reach the level of 100 rubles.

Experts' opinions on the further dollar exchange rate

Experts expressed their opinion on when the dollar will cost 100 rubles. Despite the fact that they were guided by the latest news, their opinions do not coincide:

• Representatives of PFL Advisors claim that against the background of the coronavirus, by the end of 2020, the value of the dollar will reach 100 rubles. They made their forecast based on how in the past the ruble reacted to any unforeseen situations. The majority considers their opinion to be quite justified.
• Alfa-Bank analysts predict that the dollar rate will stabilize by the end of autumn and will be 75 rubles. They warned that their forecast would be correct only if the oil price stays at $ 35.
• Alexander Osin, chief economist of the financial company Finam Management, says that the dollar will never reach the level of 100 rubles, but will stay at 70. Alexander's opinion was criticized by other experts. They argue that his forecast cannot be correct, because the dollar has not dropped so low for the whole year, and now it is 78 rubles.
• Financial analyst Jean-Paul Churkin says that in the second half of the year, the dollar rate always increases, and given the situation with the coronavirus, it is likely that the dollar will cost 100 rubles at the beginning of winter.

Most experts are inclined to the opinion of Churkin and Advisors, recommending that citizens keep their savings in the currency in which they are going to spend them. German Gref also claims that the collapse of the ruble in 2020 is already inevitable.

Interesting! Will Moscow be quarantined due to coronavirus

Is it worth buying dollars

Despite the fact that the opinions of experts about the dollar rate in the near future did not coincide, they all argue that it is too late to make investments and buy currency. They argue that investing money in the shares of any companies cannot be miscalculated, because they are practically not subject to negative situations in the country and the world.

The specialists also note that if the dollar rate really grows, then investments in it may turn out to be quite profitable. But since the situation is unstable, the risk of losing all the money invested is quite high.

Coronavirus factor

In 2020, the coronavirus factor is one of the main, it affects the economy of not only our country, but the whole world. In connection with the pandemic, the ruble has weakened greatly and is now falling. On the contrary, the dollar is growing, which is disadvantageous for ordinary citizens of Russia.

Due to the coronavirus, the "American" lost stability, and it became unsafe to make investments. Prices in stores rise when it rises and remain the same when it falls. The cost of gasoline jumps depending on the dollar exchange rate, and the price of gas fuel only grows.

Experts say that due to the situation with COVID-19, it is very difficult to predict the future exchange rate of the dollar. Having studied the past collapses of the ruble as deeply as possible, most experts came to the conclusion that in 2020 there really is a possibility that the value of the dollar will rise to 100 rubles.

Outcomes

Experts only make forecasts. The situation can change dramatically at any time, which makes it harder to predict the dollar exchange rate than usual. But about 65% of experts are of the opinion that a rise in the dollar to 100 rubles is quite likely. The remaining 35% speak of relative stability in the financial market.