Russian Ruble - Quote - Chart - Historical Data (2024)

The Russian ruble weakened beyond 91 per USD, nearing new four-month lows, as traders assess the economic and monetary outlook. The Bank of Russia raised its key interest rate by 100bps to 19% in its September meeting and left the door open for another hike in October. Policymakers also revised their inflation forecasts for Russia higher to 6.5%-7% for the year. It currently stands at 9.1%. The spike in inflation is largely attributed to the economic strain from increased government military spending, which has driven up wages and outpaced the economy’s capacity to supply goods and services. Central Bank Governor Elvira Nabiullina recently cautioned about the risk of stagflation, amid persistent inflation and slowing growth in the country.

The USDRUB increased 1.3950 or 1.55% to 91.3967 on Monday September 16 from 90.0017 in the previous trading session. Historically, the USDRUB reached an all time high of 150 in March of 2022. Russian Ruble - data, forecasts, historical chart - was last updated on September 16 of 2024.

The USDRUB increased 1.3950 or 1.55% to 91.3967 on Monday September 16 from 90.0017 in the previous trading session. The Russian Ruble is expected to trade at 91.45 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 93.89 in 12 months time.

Russian Ruble

The USDRUB spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the RUB. While the USDRUB spot exchange rate is quoted and exchanged in the same day, the USDRUB forward rate is quoted today but for delivery and payment on a specific future date.