Wednesday, June 1, 2011

Russians interested in the currency

In December, the maximum rates were fixed by buying the currency. According to figures released by the Central Bank during this period, the Russians bought $ 2.8 billion and 1.7 billion euros. In this case, compared with November, the demand for the dollar has risen by 19%, while the euro - by 29%. Analysts have reported the main reason for this increased interest is the decline in interest rates on bank deposits. We recall that throughout 2010, interest on deposits has been steadily declining. So, if in 2009 everyone could make a contribution as 15-20% per annum, then by October of next year ruble-denominated deposits reached 7.57%, dollar - 3,32%, the euro - 1,9%. Overall, average rates on ruble deposits amounted to 7.84%. Also, experts attributed the purchase of currency with the seasonal factor. At the January holidays, many Russians were going off on holiday abroad. According to the analyst "NOMOS-BANK" Olga Efremova, in 2011, investors have to live with the volatility of the ruble. In her view, fluctuations in the ruble corridor will be from 29 rubles to 32 rubles., And in that case would not be of any force majeure. According to forecasts of another specialist, an analyst of investment company "Anchor Invest Andrei Zakharov, has all chances to justify the probability of preservation rate USD / RUB USD 30-38 in the corridor. The main prerequisites to be called a high level of public spending and rising budget deficit.

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