National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Russia
Russian Ruble, Annual
NAEXKP03RUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,290,638,100,000.00
Year-over-Year Change
6.94%
Date Range
1/1/2003 - 1/1/2016
Summary
The Russian Ruble, Annual trend measures the average annual exchange rate between the Russian ruble and the U.S. dollar. This metric is closely watched by economists and policymakers to assess 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. This data point is a key indicator of Russia's economic health and global competitiveness, as exchange rates influence the pricing of imports, exports, and international investments.
Methodology
The data is calculated based on daily exchange rate observations compiled by the U.S. Federal Reserve.
Historical Context
The ruble exchange rate is a crucial factor in Russia's monetary policy and trade relationships with other nations.
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.
- Exchange rate fluctuations can significantly impact Russia's trade balance and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Russian Ruble, Annual trend measures the average annual 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 crucial indicator of Russia's economic health and global competitiveness, as it influences the pricing of imports, exports, and international investments.
Q: How is this data collected or calculated?
A: The data is calculated based on daily exchange rate observations compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The ruble exchange rate is a key factor in Russia's monetary policy and trade relationships with other nations.
Q: Are there update delays or limitations?
A: The annual average exchange rate data is subject to the timeliness of the underlying daily exchange rate observations collected by the Federal Reserve.
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Citation
U.S. Federal Reserve, Russian Ruble, Annual (NAEXKP03RUA652S), retrieved from FRED.