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Real effective exchange rate of ruble down 0.5% in December — Central Bank

According to the regulator, the real effective ruble rate lost 24.5% in January - December 2023

MOSCOW, January 15. /TASS/. The real effective exchange rate (REER) of the ruble against currencies of Russia’s main trade partners adjusted for inflation declined by 0.5% month on month in December 2023, according to data released by the Central Bank.

The real effective ruble rate lost 24.5% in January - December 2023, the regulator reported.

In December 2023, the real effective ruble rate edged up by 0.7% against the dollar and plunged by 25.1% year-to-date. The rate moved downward in monthly terms by 0.4% and by 26.6% annually against the euro in the reporting month.

The rate is computed on the basis of rates of Russia’s key trading partners in accordance with shares of these countries in the national foreign trade turnover.

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Central Bank of Russia

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