Russians Expect USD To Cost RUR 71.56

17 August 2018 (09:25)

UrBC, Moscow, August 17, 2018. Russians Believe the U.S. currency is going to keep strengthening against the Russian ruble in the short term, so that the USD/RUR exchange rate will exceed 1/71.56 by September 1, 2018, Superjob’s latest research findings indicate.

33% of Russians surveyed said they believed the ruble was still the best currency for their savings; 21% of respondents went for the dollar and 15% chose the euro as their preferred currency. 11% of those surveyed believe in making their savings in other currencies such as the renminbi, the pounds sterling, and the yen, or in investing in multi-currency deposits.

The ruble is currently at its four-year low as the preferred savings currency. It was only in January 2014 that a smaller number of Russians surveyed (31%) had any trust in the Russian ruble. As confidence in the ruble as a savings currency has been waning, the U.S. dollar reached the strongest rating in the last four years (21%).

Superjob’s survey involved 1,600 representatives of the working-age population from all of the country’s federal constituencies.

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