Wednesday, June 1, 2011

In what currency to celebrate New Year

Central Bank deliberately weaken the ruble and will do so in the future. But how fast it will depreciate? And what is to save money during the holidays? Izvestia sought answers to these questions. On Friday the currency exchange rates are posted at entrances to the exchangers, shocked even the most vivid imagination. The dollar sold for 29,7-30 rubles, euros - for the Rouble 42,6-43. But it should be noted that even at such high rates of exchangers is not empty: the weakening of the ruble concerned citizens vengeance bought the currency. Perhaps, in such a strategy has a certain reason? Earlier, in November, the Central Bank "let down" ruble slowly and gradually, in recent days, the rate of devaluation of national currencies to the dollar and the euro has accelerated considerably. According to Bloomberg, just last week the ruble devaluation amounted to almost 4%, and in August it fell by as much as 20%. The rapid depreciation of the ruble led to speculation that in the last days before New Year's holidays, he simply collapsed. Although the Central Bank first deputy chairman Alexei Ulyukayev and called such talk "nonsense", the precipitate remained. And many analysts argue that until the New Year official dollar exchange rate can reach up to 30 rubles, and after a vacation to grow to 31-32 rubles. This news is disappointing, not only those who are now paying dollar loans. The share of imports in the consumer basket Russians still significant, and the decrease of the ruble will certainly affect the wallets of all Russians. What to do? Perhaps it makes sense to translate some of the savings in foreign currency bank deposits? Appear before the end of this year, the ruble will be devalued even more, - the chief of analytical department of the IR "Fayneshnl Bridge Alexei Serov. - So, I think, is to translate some of the savings in dollar-denominated deposits in the medium term - for example, for a month. In the euro should not invest: perhaps in January, the European Central Bank will lower interest rates and the euro starts to weaken. However, there are little "but": According to Ulyukayev, it would be logical if the banks will lower rates on deposits in foreign currency and will keep the high rates on deposits in rubles. Perhaps what will happen. Unlike currency, which hit record after record, stocks continue to show a rollback. Already countless times the market supposedly reached its bottom, but every time it turned out that there are places deep. Last week, the RTS fell by 1.74% to 644.47 points, MICEX, lost 3.06% and closed at 608.55 points. Prices of most Russian liquid shares on the basis of the trading session on MICEX fell by 0,9-5%, especially among the lost in the price analysts said the action "BRIC", whose value has fallen to 7.51% on MICEX. Investors are actively selling shares, despite the fact that oil quotes have tried to jump up after more than 9% fall yesterday. What's happening? "Christmas sale" - the so-called analysts of the current situation on Russian trading floors. Investors are unwilling to take risks and to hold assets in stocks, preferring to shift them into currency. Experts believe that, perhaps for a very short time, the foreign exchange market to draw it themselves significant portion of shares from the market. And what about the other investment instruments? Oil, stocks, precious metals behaved without eccentricity. Over the past week there was no sharp rise or catastrophic decline. Shares of nearly half of public investment funds at the beginning of last week, rose in price, especially the increased cost of electricity assets and shareholders funds were losers, steel and telecom sectors. The value of gold for the past week also declined, but only slightly - by 1.1% to 844 dollars per ounce. Oil prices on Friday after three days of declines, rose during the day at 3%. However, the reason for this, according to analysts, is that market participants have started to buy contracts for crude oil, assuming that the previous fall in prices of "black gold" would be excessive. What can you expect from a short pre-New Year began the week? There are only three trading days, but analysts give unambiguous predictions can not. Predict the dynamics of the stock, given the unpredictable nature of oil prices and government measures are not taken one. Market players, in no hurry to fix profit, their main desire - to insure against risks, transferring at least part of the assets in the currency market.

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