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||7.30||0.13 %||Jul 31|
|Exchange Rate||63.38||-0.12 %||Jul 31|
|Stock Market||2,740||-1.03 %||Jul 31|
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August 22, 2019
Merchandise exports totaled USD 32.5 billion in June, representing a marked 10.5% contraction from the USD 36.3 billion sum recorded in the same month of 2018.
August 15, 2019
Annual industrial output growth came in at 2.8% in July, softening from June’s 3.3% year-on-year jump.
August 12, 2019
GDP growth accelerated to 0.9% year-on-year in the second quarter of 2019, according to a preliminary estimate released on 12 August.
August 7, 2019
In July, consumer prices rose 0.2% from the previous month, compared to June’s flat reading.
Russia: Despite improving, manufacturing PMI remains in contractionary territory in July; services PMI signals mild activity growth
August 5, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 49.3% in July, from 48.6 in June.