Beautiful building in belarus

Belarus Exchange Rate April 2020

Belarus: Belarusian ruble dives against the U.S. dollar

The Belarusian ruble (BYR) plunged against the U.S dollar over the past month amid the increasing global economic fallout from the fast-spreading Covid-19 pandemic. The ruble ended 3 April at 2.59 BYR per USD, a 10.9% depreciation over the same day in March. Moreover, the currency was down 13.8% year-on-year and 15.5% year-to-date.

The currency came under significant pressure in recent weeks as global economic prospects deteriorated markedly due to widespread lockdowns in most major economies and the associated shocks across the financial and commodity markets. The Belarusian ruble has been increasingly suffering from investors’ growing risk aversion and rising demand for foreign exchange in the domestic forex market. Moreover, the BYR was further dragged down by a marked depreciation of its Russian counterpart, which plummeted over the recent weeks in response to a global oil price crash.

Going forward, significant headwinds are likely to affect the stability of the Belarusian ruble. A worsening global economic backdrop and weakening demand for emerging market currencies are set to continue weighing on the BYR, with subdued global oil prices adding further downward pressure. The Central Bank, meanwhile, seems reluctant to drastically intervene in the foreign exchange markets and appears committed to a flexible exchange rate regime.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest