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 11 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 Met the why particular 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||8.38||0.13 %||Feb 14|
|Exchange Rate||65.68||-0.12 %||Feb 14|
|Stock Market||2,461||-1.03 %||Feb 14|
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February 6, 2019
In January, consumer prices rose 1.0% from the previous month, above the 0.8% increase recorded in December and the sharpest rise in three years.
February 5, 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.
February 4, 2019
According to a preliminary estimate by the Federal State Statistics Service (Rosstat), the Russian economy gained momentum last year growing 2.3%, well above 2017’s 1.6% expansion.
February 4, 2019
Leading indicators suggest that business conditions in Russia weakened slightly at the start of 2019.
January 25, 2019
Merchandise exports totaled USD 11.5 billion in November, which represented a solid 21.0% expansion from the USD 33.4 billion sum recorded in the same month in 2017.