National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Russia
Russian Ruble, Annual
NAEXKP01RUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,749,798,200,000.00
Year-over-Year Change
9.04%
Date Range
1/1/2003 - 1/1/2020
Summary
The Russian Ruble, Annual measures the average annual exchange rate between the Russian ruble and the U.S. dollar. This key indicator provides insights into Russia's economic performance 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 series tracks the yearly average value of the Russian national currency relative to the U.S. dollar. It is a widely followed economic indicator that reflects Russia's macroeconomic conditions, foreign investment trends, and trade competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use this trend to assess Russia's economic health and its position in the global economy.
Key Facts
- The Russian ruble is the official currency of Russia.
- The ruble experienced significant volatility in recent years due to economic and political factors.
- Russia is a major global exporter of energy resources, which impacts the ruble's exchange rate.
FAQs
Q: What does this economic trend measure?
A: The Russian Ruble, Annual measures the average yearly exchange rate between the Russian ruble and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Russia's economic performance, trade competitiveness, and the value of the ruble in international markets.
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: Policymakers and analysts use this trend to assess Russia's economic health and its position in the global economy, informing decisions on trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The annual ruble exchange rate data may have a delay of several months before being published.
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Citation
U.S. Federal Reserve, Russian Ruble, Annual (NAEXKP01RUA652S), retrieved from FRED.