Exchange Rate in Belarus
Belarus - Exchange Rate
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.
FocusEconomics panelists project the BYR to end 2020 at 2.58 per USD and end 2021 at 2.65 per USD.
Belarus - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.86 | 1.96 | 1.97 | 2.17 | 2.11 |
Belarus Exchange Rate Chart
Source: Thomson Reuters.
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.10 | -0.36 % | Dec 31 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Belarus: Industrial output records quickest growth since February 2018 in January
February 16, 2021
Industrial production expanded 8.5% year-on-year in January (December: -0.7% yoy).
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Belarus: Inflation increases in January, reaching highest level since January 2017
February 10, 2021
Consumer prices increased 1.14% in January over the previous month, down from the 1.23% rise logged in December.
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Belarus: Industrial activity drops at sharpest rate since May in December
January 19, 2021
Industrial output dropped 0.7% in year-on-year terms in December, which was a deterioration from November's 4.3% increase.
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Belarus: Economic momentum improves in Q4, but mild contraction still recorded for 2020 as a whole
January 18, 2021
A preliminary estimate revealed the economy shrank 0.9% in 2020 as a whole, improving from the 1.2% decrease observed in the first three quarters of the year and suggesting the economy picked up pace in Q4.
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Belarus: Inflation hits highest level since January 2017 in December
January 13, 2021
Consumer prices increased 1.23% in December over the previous month, accelerating from the 0.66% rise logged in November.
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