National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Russia
Russian Ruble, Annual
NAEXKP07RUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,031,005,000,000.00
Year-over-Year Change
62.21%
Date Range
1/1/2003 - 1/1/2016
Summary
This economic trend measures the annual value of the Russian ruble exchange rate against the U.S. dollar. It is a key indicator of 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 exchange rate is an important barometer of Russia's economic health and global competitiveness. Economists and policymakers closely monitor this annual trend to assess Russia's macroeconomic conditions, trade balance, and the impact of external factors like sanctions or commodity prices.
Methodology
The data is collected by the U.S. Federal Reserve and based on market exchange rates.
Historical Context
The ruble exchange rate is a critical input for analysts evaluating Russia's economic policies, international trade, and financial markets.
Key Facts
- The Russian ruble is the official currency of Russia.
- The ruble exchange rate hit a record low against the U.S. dollar in 2022 due to sanctions.
- Russia's ruble exchange rate is a key indicator of its economic performance and trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Russian ruble and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The ruble exchange rate is a critical economic indicator for assessing Russia's macroeconomic conditions, trade balance, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected 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 the ruble exchange rate to evaluate Russia's economic policies, trade dynamics, and the impact of external factors like sanctions or commodity prices.
Q: Are there update delays or limitations?
A: The annual ruble exchange rate data is published by the Federal Reserve with no significant delays.
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Citation
U.S. Federal Reserve, Russian Ruble, Annual (NAEXKP07RUA652S), retrieved from FRED.