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Real effective exchange rate of ruble flat in July — Central Bank

The rate surged by 28.2% annually in January-July 2025

MOSCOW, July 15. /TASS/. The real effective exchange rate (REER) of the ruble against currencies of Russia’s main trade partners adjusted for inflation stayed flat month on month in July 2025, according to data released by the Central Bank.

The rate surged by 28.2% annually in January-July 2025.

In July 2025, the real effective ruble rate edged up by 0.2% against the dollar (+32.4% from the year start) and lost 1.6% against the euro against the prior month (up 19.9% from the year beginning).

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.