Exchange Rate in Belarus
Belarus - Exchange Rate (average of period)
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 (aop) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD, aop) | 1.60 | 1.99 | 1.93 | 2.04 | 2.09 |
Belarus Exchange Rate (aop) 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: Inflation remains stable in August
September 10, 2021
Consumer prices increased 0.18% in August over the previous month, picking up from July's 0.07% rise.
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Belarus: Industrial output records slowest expansion since December 2020 in July
August 17, 2021
Industrial production increased 2.7% year-on-year in July (June: +6.9% yoy).
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Belarus: Inflation moderates in July
August 10, 2021
Consumer prices rose 0.07% from the previous month in July, which was below the 0.65% increase seen in June..
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Belarus: Industrial output records slowest expansion since December 2020 in June, due to a less favorable base effect
July 16, 2021
Industrial production expanded 6.9% year-on-year in June (May: +11.5% yoy).
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Belarus: Economy records quickest upturn since Q2 2018 in Q2
July 16, 2021
According to a preliminary reading, GDP growth improved to 5.5% year-on-year in the second quarter (H1 2021: 3.3% yoy), from 1.1% in the first quarter.
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