Exchange Rate in Russia
The Russian Ruble experienced significant volatility from 2013 to 2022. Early in the decade, geopolitical tensions and international sanctions, especially post-2014, led to a sharp depreciation. The oil price crash in 2015 further weakened the Ruble. While there was some recovery, the currency remained sensitive to oil prices and geopolitical developments. In 2022, the Ruble faced another major depreciation due to sanctions following military actions in Ukraine, highlighting its vulnerability to external political and economic shocks, though it quickly recovered later in 2022.
The exchange rate ended 2022 at 73.00 RUB per USD, compared to the end-2021 value of 75.01 RUB per USD and the figure a decade earlier of 32.86 RUB per USD. For more exchange rate information, visit our dedicated page.
Russia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Russia from 2014 to 2023.
Source: Macrobond.
Russia Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (RUB per USD, eop) | 62.11 | 73.96 | 75.01 | 73.00 | 89.40 |
| Exchange Rate (RUB per USD, aop) | 64.71 | 72.33 | 73.71 | 69.97 | 85.56 |
| Exchange Rate (RUB per EUR, eop) | 69.72 | 90.50 | 85.30 | 77.91 | 98.76 |
| Exchange Rate (RUB per EUR, aop) | 72.43 | 82.45 | 87.13 | 73.55 | 92.50 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Russian exchange rate projections for the next ten years from a panel of 19 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Russian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Russian exchange rate projections.
Want to get access to the full dataset of Russian exchange rate forecasts? Send an email to info@focus-economics.com.