Forecasts of the euro and ruble exchange rates excite both ordinary people and foreign exchange traders. The well-being of many directly depends on these indicators, since today more and more people are thinking about how to protect themselves from fluctuations in the global economy, in what currency to store their savings so as not to lose them overnight due to the next crisis. Of course, no one can give accurate forecasts of the euro and ruble rates, but agencies and analysts nevertheless shared their views on this matter.
The ratio of the euro and the ruble directly depends on what rates these currencies will have. Therefore, in order to have an idea of the dynamics of the financial market for the near future, it is reasonable to consider these points separately. However, both currencies have something in common: they are unstable, since the economic situation in the eurozone gives analysts and stock market players anxiety, but in Russia the position of the ruble is not a model of stability. Some experts, such as the well-known analyst Nouriel Roubini, who became famous for being able to predict the economic crisis of 2008, believes that the prospects for the eurozone are very poor. He is confident that the economic union will disintegrate by 2014. So, according to the most pessimistic forecasts, the euro may cease to exist altogether. It should be noted that few analysts and agencies agree with Roubini's negative forecasts. Even the head of the European Central Bank will not be able to say exactly how the current pre-crisis situation in the eurozone will be resolved. The recent summit of the European Union, the important topic of which was the settlement of financial issues, made a positive contribution to the understanding of the current financial situation. It is difficult to expect that the euro will continue to grow, it is unlikely that we will see the historical maximum of the European currency rate, which was noted in 2008. Then the euro was worth $ 1.6. Yet countries with huge GDP deficits such as Greece, Portugal and Spain are affecting capital outflows from the eurozone. If not for these economically lagging EU members, the forecast for the euro exchange rate would be very optimistic. Most analysts agree that the euro will be stable in 2012. No matter how the situation unfolds, there are still enough reserves for its settlement. As for the ruble exchange rate, the situation is complicated. For a long time, the country's economy was not a market economy, and even now it cannot be called that 100%. Therefore, the ruble exchange rate is partly artificial, and it is somewhat overvalued. The supporting factor of the Russian economy is the demand for fuel and raw materials, which our country actively exports. In the first half of 2012, a slight drop in oil prices is possible due to the difficult situation in the euro area. This could negatively affect the ruble exchange rate. But there are other destabilizing factors as well. In the event of even minor currency fluctuations, domestic enterprises begin to massively withdraw funds abroad. Political instability, the prospects for the resolution of which will become clear by the end of the first quarter of 2012, is also making its own contribution, influencing investor sentiment. At the same time, they do not intend to lose such a market as Russia, therefore ruble fluctuations are possible, but they are unlikely to be very serious. According to the opinions of financial agencies and independent analysts, the ratio of the ruble to the euro will be quite stable. The euro will cost about 41 rubles, slight fluctuations are possible throughout the year. Even if one of the currencies in 2012 remains in a precarious position, the reserves of the Central Bank of Russia or Europe will be enough to smooth the situation. As for the recommendations as to what currency is best to store your savings, finance experts advise using several currencies for this, preferably 3-4.
