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||8.28||0.13 %||Mar 20|
|Exchange Rate||64.32||-0.12 %||Mar 20|
|Stock Market||2,504||-1.03 %||Mar 20|
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March 18, 2019
Industrial output growth gained steam in February, according to the Federal State Statistics Service (Rosstat).
March 15, 2019
Merchandise exports totaled USD 29.8 billion in January, which represented a 11.2% contraction from the USD 33.6 billion sum recorded in the same month of 2018.
March 6, 2019
In February, consumer prices rose 0.4% from the previous month, below the 1.0% increase recorded in January, which had marked the sharpest rise in three years.
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 50.9 in January to 50.1 in February, marking the third consecutive monthly drop and the weakest reading since September 2018.
February 25, 2019
Merchandise exports totaled USD 41.4 billion in December, which represented a 10.2% expansion from the USD 37.5 billion sum recorded in the same month of 2017.