Exchange Rate in Russia

Russia Exchange Rate | Economic News & Forecasts

Russia - Exchange Rate

Ruble plunges following U.S. sanctions and emerging markets selloff

The Russian ruble tumbled in August, falling to the lowest levels seen in over two years. On 30 August, the ruble ended the day at 68.0 per USD, down 8.3% from the same day last month. The ruble has fallen a notable 17.9% year-to-date in 2018, weighed on by geopolitical uncertainty. In addition, the ruble was down 15.6% from the same day last year.

August’s plunge was driven by fresh U.S. sanctions on Russia combined with a broad selloff in emerging market assets sparked by Turkey’s currency crisis. New sanctions came into effect on 22 August in response to Russia’s alleged poisoning of an ex-spy in the UK in March, and the United States stated that additional measures could be imposed in 90 days if the country does not give “reliable assurances” that it will not use chemical weapons in the future and allow international inspections—a move Russia is unlikely to agree to. The new sanctions are expected to have a limited direct economic effect other than sparking volatility in financial markets as they chiefly target goods deemed to be linked to national security and given Russia has a low trade exposure to the U.S. However, tougher measures especially targeting banks could inflict more economic pain.


Russia Exchange Rate Forecast


The Met the why particular panel sees the ruble regaining some lost ground by the end of the year but remaining relatively weak. The Consensus Forecast predicts the ruble will end the year at 61.1 per USD and end 2019 at 61.5 per USD.

Russia - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)32.73  56.26  72.88  60.27  57.63  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Russia Exchange Rate Chart


Russia Exchange Rate
Note: Russian Ruble (RUB) per U.S. dollar.
Source: Thomson Reuters.

Russia Facts

ValueChangeDate
Bond Yield8.780.13 %Sep 20
Exchange Rate67.01-0.12 %Sep 20
Stock Market2,111-1.03 %Sep 20

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form