The key facts

  • Elena Marchuk considers the current quotes a favorable moment for buying currency
  • Counting on a significant cheapening of the dollar and euro is risky — the potential for ruble strengthening is limited
  • For long-term goals, buying in parts is recommended

Current rates called a favorable window for buying currency

Russians who plan to buy dollars and euros for savings or trips should take advantage of the current exchange rates, without postponing the exchange of the entire amount in anticipation of further strengthening of the ruble. This opinion was expressed in a conversation with Gazeta.Ru by Deputy Chairwoman of the Management Board of the National Savings Bank (JSC) Elena Marchuk.

The potential for ruble strengthening is limited

According to Marchuk, the current quotes provide one of the most favorable opportunities for buying foreign currency in recent months. At the same time, counting on the dollar and euro necessarily becoming significantly cheaper is risky: the potential for further strengthening of the ruble is limited by macroeconomic conditions, the banker emphasized. «The current quote levels represent one of the most favorable windows for buying currency in recent months. From the point of view of building personal savings or preparing for trips, buying dollars and euros at the current rate is quite reasonable,» she said.

Recommendation to buy in parts

For long-term goals, Marchuk recommended buying currency in stages, dividing the required amount into several parts. This approach makes it possible to average the purchase rate and reduce the dependence of the result on fluctuations in quotes on a particular day. In the banker's opinion, buying in parts also makes it possible to take advantage of the current levels before a possible pre-New Year weakening of the ruble.