Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Russia
Russian Ruble, Monthly, Not Seasonally Adjusted
MANMM101RUM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,361,200,000,000.00
Year-over-Year Change
17.92%
Date Range
6/1/1995 - 1/1/2023
Summary
The Russian Ruble, Monthly, Not Seasonally Adjusted data series tracks the value of the Russian national currency on a monthly basis without seasonal adjustments. This metric is crucial for economists and policymakers to understand Russia's macroeconomic conditions and exchange rate 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, Monthly, Not Seasonally Adjusted data measures the nominal exchange rate of the Russian ruble against other major currencies. This series is used to analyze Russia's trade balance, inflation, and broader economic performance, as the ruble's value impacts the cost of imports, exports, and purchasing power within the country.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Analysts and policymakers monitor the ruble's performance to gauge Russia's economic health and guide decisions on trade, monetary, and fiscal policies.
Key Facts
- The Russian ruble is the official currency of the Russian Federation.
- Russia is one of the world's largest exporters of oil and natural gas.
- The ruble's value is heavily influenced by global commodity prices and geopolitical factors.
FAQs
Q: What does this economic trend measure?
A: The Russian Ruble, Monthly, Not Seasonally Adjusted data series tracks the nominal exchange rate of the Russian national currency on a monthly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to understand Russia's macroeconomic conditions, trade balance, inflation, and broader economic performance, as the ruble's value impacts the cost of imports, exports, and purchasing power within the country.
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: Analysts and policymakers monitor the ruble's performance to gauge Russia's economic health and guide decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Russian Ruble, Monthly, Not Seasonally Adjusted (MANMM101RUM189N), retrieved from FRED.