Financial Market: Real Effective Exchange Rates: CPI Based for Russia
CCRETT01RUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.38
Year-over-Year Change
15.64%
Date Range
1/1/1993 - 7/1/2025
Summary
The Real Effective Exchange Rate (REER) for Russia measures the value of the Russian ruble relative to a basket of other currencies, adjusted for inflation. This metric is important for economists and policymakers to assess Russia's international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The REER for Russia tracks the purchasing power of the ruble compared to trading partner currencies, accounting for domestic and foreign price levels. It provides insights into Russia's trade dynamics and can inform decisions on monetary and exchange rate policies.
Methodology
The data is calculated by the U.S. Federal Reserve using consumer price indices and trade weights.
Historical Context
Analysts and policymakers use the Russian REER to monitor the country's export/import balance and make assessments about economic growth and inflation.
Key Facts
- The REER is indexed to 2010 = 100.
- A higher REER indicates the ruble is overvalued.
- REER can impact Russia's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) for Russia measures the value of the Russian ruble relative to a basket of other currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The Russian REER provides insights into the country's international competitiveness and can inform decisions on monetary and exchange rate policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using consumer price indices and trade weights.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the Russian REER to monitor the country's export/import balance and make assessments about economic growth and inflation.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the Federal Reserve, but may have some delays in reporting.
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Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: CPI Based for Russia (CCRETT01RUM661N), retrieved from FRED.