Exchange Rate in Russia
Russia - Exchange Rate
Ruble rallies at start of 2019
The Russian ruble recovered lost ground against the U.S. dollar at the beginning of the new year, after weakening sharply at the end of 2018 due to low oil prices. On 1 February, the ruble ended the day at 65.4 per USD, up 6.1% from the same day last month. Despite this year’s gains, the ruble was still down 17.0% against the USD from the same day of last year, after weakening sharply due to sanctions-related woes.
The currency’s strengthening was supported by a robust current account surplus. Depressed imports and solid oil exports caused the current account surplus to come in at nearly USD 40 billion in the fourth quarter of 2018, the best result since Q2 2012. In addition, cautious monetary policy is also helping to shore up the ruble.
Russia Exchange Rate Forecast
The FocusEconomics panel sees the ruble losing some ground by the end of the year, as geopolitical concerns weigh on sentiment. The Consensus Forecast predicts the ruble will end the year at 67.29 per USD and end 2020 at 68.46 per USD.
Russia - Exchange Rate Data
|Exchange Rate (vs USD)||32.73||56.26||72.88||60.27||57.63|
5 years of economic forecasts for more than 30 economic indicators.
Russia Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||7.31||0.13 %||Jul 11|
|Exchange Rate||63.80||-0.12 %||Jul 11|
|Stock Market||2,790||-1.03 %||Jul 11|
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July 18, 2019
Merchandise exports totaled USD 31.6 billion in May, which represented a notable 13.5% contraction from the USD 36.5 billion sum recorded in the same month of 2018.
July 16, 2019
Industrial production rose 3.3% in annual terms in June, accelerating notably from May’s modest 0.9% year-on-year increase.
July 9, 2019
In June, consumer prices remained flat on a monthly basis, compared to May’s 0.3% month-on-month increase.
July 8, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) ticked up to minus 15 points in the second quarter, from minus 16 points in the first quarter.
July 4, 2019
A third estimate of national accounts data released by Rosstat on 3 July confirmed that growth plunged to 0.5% year-on-year in the first quarter of 2019.