When can American currency be exchanged for Russian

22.03.2021

The ruble is strengthening against the background of rising oil prices. Consequently, those Russians who are used to keeping money in dollars may have concerns. In a conversation with the “Prime” agency, the managing partner of GLS INVEST, Eduard Bugrov, revealed the moment for the sale of the American currency.

“The golden rule of an investor is not to keep all savings in one currency, no matter how liquid it may seem. Those who bought a dollar at a price of 76 rubles (and moreover, in March last year at 80 rubles) will probably have to come to terms with losses,” the financier explained.

According to him, the risks associated with jumps in exchange rates can be minimized by dividing the investment portfolio into parts. So, Bugrov advised to save 30 percent in dollars, 30 percent in euros and 40 percent in rubles. He noted that since the beginning of February there has been a tendency for the ruble to strengthen against the dollar.