Why Russian motorists should not be afraid of a sharp rise in the dollar
- April 6, 2023
- 0
The exchange rate of the ruble against the US currency, as ordinary Russians have long known, has a direct impact on our lives. Including the cost of machines
The exchange rate of the ruble against the US currency, as ordinary Russians have long known, has a direct impact on our lives. Including the cost of machines and spare parts. However, according to the AvtoVzglyad portal, it’s time to change the habit of nervously monitoring the behavior of the “evergreen”.
Now everyone hears a sharp rise in the price of the dollar against the Russian currency. As experience shows, after this event, car prices at dealers rise – this has already become something of a law of nature. The falling ruble saddens the Russian motorist. After all, this means that the idea of buying a brand new car becomes even less viable.
And then some telegram channels began to spread “inside data” about the government’s plans to lower the ruble from the current 80 per dollar to 100-105 rubles by the middle of next summer. Such as, to fill the budget, to compensate for the lost revenue from the sale of oil and gas abroad with the ruble mass. How can you not make the “simple peasant” sad!
Everything seems clear and understandable. But for some time now serious “nuances” have appeared in the situation with the dollar and the ruble. What the majority of Russians are not yet aware of, thinking by inertia, in the old categories. Just remember: a year ago the dollar was worth more than 135 rubles, and now the price “floats” around 80 rubles.
Since then, a lot of exotic currencies have gained for us and appreciated against the dollar: the Mexican peso – by 8%, the Chilean peso – by 7%, the Brazilian real – by 4.3%, the Indonesian rupiah – by 3, 8%, the Philippine peso – by 2.5%, Thai baht – by 1%, Indian rupee – by 0.7%. Most importantly, the Chinese yuan has strengthened by 0.4% against the US dollar. This means that the US dollar is actually objectively devaluing – it is becoming cheaper relative to other monetary units in the world and is losing its “fundamental mentality”.
This process is not yet particularly noticeable to the general public, but it is ongoing and means the following: it is no longer worth praying almost, as before, for “His Majesty the Dollar.” It is useful in calculations, yes. But now the “comrade yuan” will determine the direction of the “movement” in the Russian economy, which has actually been forcibly cut off from the world of the dollar and the euro. And in fact it has already happened.
While the Russian car market was dominated by European, Japanese and Korean companies following the “evergreen” paradigm, Chinese car importers also adapted to them. Also in terms of drawing up contracts with the Russian side, which should be settled in dollars or euros. Now the “Chinese” are running the show in Russia. Comrade Xi Jinping recently visited us and mapped out the mutual economic orientation of Russia and China.
In such a situation, it no longer makes sense to “float” rubles into yuan through the dollar “low” in mutual settlements. It is not for nothing that quite recently a milestone took place on the Russian currency market, which was appreciated only by economists: the volume of trade in the yuan exceeded the volume of transactions with the dollar.
For most Russians, this fact turned out to be “up to the lantern”, and this is normal. But he says that now it is the Chinese currency that will increasingly “steer” in our market. Its course must now be carefully followed. The yuan will (and already largely determines) the prices of both cars and spare parts in Russia. The accelerations of economic history have moved up a notch and there is nothing that can be done about it.
globallookpress.com’s photo
globallookpress.com’s photo
Now everyone hears a sharp rise in the price of the dollar against the Russian currency. As experience shows, after this event, car prices at dealers rise – this has already become something of a law of nature. The falling ruble saddens the Russian motorist. After all, this means that the idea of buying a brand new car becomes even less viable.
And then some telegram channels began to spread “inside data” about the government’s plans to lower the ruble from the current 80 per dollar to 100-105 rubles by the middle of next summer. Such as, to fill the budget, to compensate for the lost revenue from the sale of oil and gas abroad with the ruble mass. How can you not make the “simple peasant” sad!
Everything seems clear and understandable. But for some time now serious “nuances” have appeared in the situation with the dollar and the ruble. What the majority of Russians are not yet aware of, thinking by inertia, in the old categories. Just remember: a year ago the dollar was worth more than 135 rubles, and now the price “floats” around 80 rubles.
Since then, a lot of exotic currencies have gained for us and appreciated against the dollar: the Mexican peso – by 8%, the Chilean peso – by 7%, the Brazilian real – by 4.3%, the Indonesian rupiah – by 3, 8%, the Philippine peso – by 2.5%, Thai baht – by 1%, Indian rupee – by 0.7%. Most importantly, the Chinese yuan has strengthened by 0.4% against the US dollar. This means that the US dollar is actually objectively devaluing – it is becoming cheaper relative to other monetary units in the world and is losing its “fundamental mentality”.
This process is not yet particularly noticeable to the general public, but it is ongoing and means the following: it is no longer worth praying almost, as before, for “His Majesty the Dollar.” It is useful in calculations, yes. But now the “comrade yuan” will determine the direction of the “movement” in the Russian economy, which has actually been forcibly cut off from the world of the dollar and the euro. And in fact it has already happened.
While the Russian car market was dominated by European, Japanese and Korean companies following the “evergreen” paradigm, Chinese car importers also adapted to them. Also in terms of drawing up contracts with the Russian side, which should be settled in dollars or euros. Now the “Chinese” are running the show in Russia. Comrade Xi Jinping recently visited us and mapped out the mutual economic orientation of Russia and China.
In such a situation, it no longer makes sense to “chase” rubles to yuan through the “layer” of the dollar in mutual settlements. It is not for nothing that quite recently a milestone occurred on the Russian currency market, which was appreciated only by economists: the trading volume in the yuan exceeded the volume of transactions with the dollar.
For most Russians, this fact turned out to be “up to the lantern”, and this is normal. But he says that now it is the Chinese currency that will increasingly “steer” in our market. Its course must now be carefully followed. The yuan will (and already largely determines) the prices of both cars and spare parts in Russia. The accelerations of economic history have moved up a notch and there is nothing that can be done about it.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
