Labor Compensation: Earnings: All Activities: Monthly for Russia
Russian Ruble, Annual level, Annual, Not Seasonally Adjusted
LCEATT03RUA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,344.00
Year-over-Year Change
196.96%
Date Range
1/1/1992 - 1/1/2020
Summary
The Russian Ruble, Annual level measures the average value of the Russian ruble against the U.S. dollar over a calendar year. This metric is critical for economists and policymakers to assess Russia's economic conditions and international trade dynamics.
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 Russian Ruble, Annual level tracks the average annual exchange rate between the Russian ruble and the U.S. dollar. This trend is widely used to evaluate Russia's economic performance, competitiveness, and exposure to global market forces over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The ruble's annual level is a key indicator monitored by economists, investors, and policymakers to understand Russia's macroeconomic conditions and international trade position.
Key Facts
- The Russian ruble is the official currency of the Russian Federation.
- The ruble experienced significant volatility in the early 2000s due to economic and political factors.
- Russia is a major exporter of commodities like oil, gas, and metals, impacting the ruble's valuation.
FAQs
Q: What does this economic trend measure?
A: The Russian Ruble, Annual level measures the average annual exchange rate between the Russian ruble and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend is critical for evaluating Russia's economic performance, international competitiveness, and exposure to global market forces.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The ruble's annual level is monitored by economists, investors, and policymakers to understand Russia's macroeconomic conditions and international trade position.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to revisions by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Russian Ruble, Annual level (LCEATT03RUA664N), retrieved from FRED.