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||8.21||0.13 %||Apr 12|
|Exchange Rate||64.11||-0.12 %||Apr 12|
|Stock Market||2,560||-1.03 %||Apr 12|
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April 15, 2019
Industrial output growth plunged in March, according to the Federal State Statistics Service (Rosstat).
April 11, 2019
Merchandise exports totaled USD 34.0 billion in February, which represented a 8.6% expansion from the USD 21.4 billion sum recorded in the same month of 2018.
April 5, 2019
In March, consumer prices rose 0.3% from the previous month, broadly unchanged from the 0.4% increase recorded in February.
April 5, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) rose to minus 16 points in the first quarter, from minus 17 points in the final quarter of 2018.
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit jumped from 50.1 in February to 52.8 in March, the best reading since January 2017.