What Changes To Expect At Belarusian Currency Exchange Offices At Late August?

Forecast on exchange rates.

The euro has fallen to EUR/BYN 2.5607 in the Belarusian market, having lost -3.30% during the week. By the beginning of the year, the euro has returned to the double-digit value of -11.17%, writes myfin.by.

The current week in the Russian financial market will be marked by the tax payment regime (tax week ends on August 25), which may provoke an increased demand for the Russian rubles. It is possible that the RUB/USD exchange rate could strengthen to USD/RUB 55.00. On the Belarusian currency market this could translate into an appreciation of the RUB/BYN pair to 4.3500-4.4000.

The euro, which is under pressure in the over-the-counter forex market, will continue to correct to parity with the US dollar and could level out with it. On the Belarusian currency market, the euro can be expected around EUR/BYN 2.4800-2.5000. The dollar will also be around these values.