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||7.70||0.13 %||Jun 13|
|Exchange Rate||64.52||-0.12 %||Jun 13|
|Stock Market||2,758||-1.03 %||Jun 13|
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June 11, 2019
Merchandise exports totaled USD 35.7 billion in April, which represented a 0.9% contraction from the USD 36.0 billion sum recorded in the same month of 2018.
May 27, 2019
Merchandise exports totaled USD 37.0 billion in March, which represented a 0.9% expansion from the USD 36.7 billion sum recorded in the same month of 2018.
May 17, 2019
GDP growth plunged to 0.5% year-on-year in the first quarter of 2019, according to a preliminary estimate.
April 30, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit eased from 52.8 in March, the best reading since January 2017, to 51.8 in April.
April 26, 2019
At its 26 April meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) held the key interest rate at 7.75%, as was expected by market analysts.