Exchange Rate in Russia
Russia - Exchange Rate (average of period)
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 (aop) Data
|Exchange Rate (vs USD, aop)||31.85||38.42||61.06||67.05||58.33|
5 years of economic forecasts for more than 30 economic indicators.
Russia Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||7.04||0.13 %||Sep 04|
|Exchange Rate||66.91||-0.12 %||Sep 04|
|Stock Market||2,793||-1.03 %||Sep 04|
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October 16, 2019
Industrial output, in annual terms, increased 3.0% in September, marginally up from August’s 2.9% year-on-year rise.
October 4, 2019
In September, consumer prices fell 0.2% over the previous month, matching August’s result which had marked the first drop in monthly prices in nearly two years.
October 4, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) on 4 October edged up to minus 13 points in the third quarter, from minus 15 points in the second quarter.
Russia: Composite PMI broadly unchanged in September amid diverging trends in manufacturing and services sectors
October 3, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dived to 46.3 in September, from 49.1 in August, marking the worst result since May 2009.
October 2, 2019
Annual growth accelerated to 0.9% in the second quarter, as confirmed by a third estimate of national accounts data released by Rosstat on 2 October.