National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Russia
Russian Ruble, Annual
NAEXKP06RUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,212,413,200,000.00
Year-over-Year Change
42.33%
Date Range
1/1/2003 - 1/1/2016
Summary
The 'Russian Ruble, Annual' trend measures the annual average exchange rate of the Russian ruble against the U.S. dollar. This data provides insight into the relative strength and stability of the Russian currency.
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 is the official currency of the Russian Federation. The annual average exchange rate reflects the market-determined value of the ruble compared to the U.S. dollar, a key metric for evaluating Russia's economic performance and integration with global financial markets.
Methodology
This data is collected by the U.S. Federal Reserve from official exchange rate sources.
Historical Context
The ruble exchange rate is closely watched by policymakers, investors, and analysts for its implications on Russia's trade, inflation, and economic growth.
Key Facts
- The Russian ruble has fluctuated significantly in recent years.
- Russia is one of the world's largest exporters of oil and natural gas.
- The ruble's exchange rate is a key indicator of Russia's economic health.
FAQs
Q: What does this economic trend measure?
A: The 'Russian Ruble, Annual' trend measures the annual average exchange rate of the Russian ruble against the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The ruble exchange rate is a crucial metric for evaluating Russia's economic performance, trade, and integration with global financial markets.
Q: How is this data collected or calculated?
A: This data is collected by the U.S. Federal Reserve from official exchange rate sources.
Q: How is this trend used in economic policy?
A: The ruble exchange rate is closely watched by policymakers, investors, and analysts for its implications on Russia's trade, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The annual average exchange rate data may have a short delay compared to more frequent exchange rate reporting.
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Citation
U.S. Federal Reserve, Russian Ruble, Annual (NAEXKP06RUA652S), retrieved from FRED.