Russian currency gains momentum
“Usually in the first quarter exports are strong imports are low and that helps the rouble a lot. I would expect some more appreciation moving forward, but then end in the second half of the year”, says Alexandra Evtifyeva the senior analyst from VTB Capital. Explaining the recent fluctuations of the rouble rate since the end of 2011 the analyst says that “capital flows tend to cause short-term movements in the rouble and the fourth quarter was quite bad for capital outflow in Russia.”
In an interview with RT she explains what to expect for the Russian currency in 2012.