Monetary Aggregates and Their Components: Broad Money and Components: M3 for Russia
Russian Ruble, Monthly, Not Seasonally Adjusted
MABMM301RUM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93,978,500,000,000.00
Year-over-Year Change
11.89%
Date Range
6/1/1995 - 1/1/2023
Summary
This trend measures the monthly exchange rate of the Russian ruble against the U.S. dollar in a non-seasonally adjusted format. It is a key economic indicator for analyzing Russia's financial 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 exchange rate is a crucial metric that reflects Russia's economic performance, global competitiveness, and financial stability. Policymakers and analysts closely monitor this data to assess the ruble's purchasing power, the country's import-export balance, and the impact of sanctions or geopolitical events.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The ruble exchange rate is widely used to inform economic policy decisions, investment strategies, and trade negotiations.
Key Facts
- The ruble is the official currency of the Russian Federation.
- Russia is one of the world's largest economies and a major global exporter of energy and commodities.
- Exchange rate fluctuations can significantly impact Russia's trade balance and domestic price levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the Russian ruble against the U.S. dollar in a non-seasonally adjusted format.
Q: Why is this trend relevant for users or analysts?
A: The ruble exchange rate is a crucial indicator of Russia's economic performance, global competitiveness, and financial stability, making it highly relevant for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The ruble exchange rate is widely used to inform economic policy decisions, investment strategies, and trade negotiations.
Q: Are there update delays or limitations?
A: The data is reported monthly by the Federal Reserve, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Russian Ruble, Monthly, Not Seasonally Adjusted (MABMM301RUM189N), retrieved from FRED.