What will happen to the ruble exchange rate next week?

At the end of the week, the ruble weakened against the US dollar after three weeks of appreciation. The dollar exchange rate rose by 0.7%, to 77.92 rubles per dollar, which is 0.54 rubles higher than the previous week's closing rate.

The BCS predicts that the national currency may gain strength in the second half of May due to fundamental factors such as the stabilization of the balance of payments indicators, as well as local support for the tax period. It is possible that the dollar may temporarily drop below the mark of 75 rubles by the end of May.

Zenith bank believes that, as the dividend factor is used up, the ruble is slowly getting closer to its May lows. Additionally, geopolitics is becoming increasingly active.

The end of May is typically less expensive than March and April, thus limiting the ruble's ability to be bolstered. Although individual dividend stories may provide a temporary boost to the ruble, the general trend is likely to be downward.

Sinara Investment Bank believes that the ruble exchange rate could stabilize at 75 rubles/$ in the upcoming weeks, and that fundamental factors will cause the ruble to strengthen in the second half of the year.

Alor Broker has suggested that the dollar exchange rate could temporarily drop below 75 rubles/$ due to the upcoming tax period, resulting in a sharp increase in the volatility of the ruble.

Before the dividends of "Lukoil", "Tatneft" and other companies are paid out, the pressure of currency sellers is still present. However, Solid Broker believes that the ruble may return to the 80 rubles/$ range once the dividend period is over. Now is a great time to purchase cash in preparation for the summer holidays.