Broad Effective Exchange Rate for Russia
NBRUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.09
Year-over-Year Change
7.45%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Russia measures the value of the Russian ruble relative to a basket of major currencies. It is an important indicator of Russia's international trade and competitiveness.
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 Broad Effective Exchange Rate for Russia is an index that tracks the weighted average of the Russian ruble's exchange rate against a basket of global currencies. It provides insight into Russia's international trade position and the overall strength of the ruble.
Methodology
The data is calculated by the Bank of Russia using a trade-weighted average of the ruble's exchange rates.
Historical Context
Policymakers and analysts use this metric to assess Russia's economic performance and trade dynamics.
Key Facts
- The base year for the NBRUBIS index is 2015.
- The index includes 35 currencies in its basket.
- A higher NBRUBIS value indicates a stronger ruble relative to trading partners.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Russia measures the weighted average of the Russian ruble's exchange rate against a basket of major global currencies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Russia's international trade position and the overall strength of the ruble, which is crucial for assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Russia using a trade-weighted average of the ruble's exchange rates against a basket of 35 currencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Broad Effective Exchange Rate for Russia to evaluate the country's trade dynamics and inform decisions related to monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate for Russia is updated regularly by the Bank of Russia, but there may be some delays in the data becoming available to the public.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Russia (NBRUBIS), retrieved from FRED.