Real Broad Effective Exchange Rate for Russia
RBRUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.62
Year-over-Year Change
14.65%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Russia measures the strength of the Russian ruble relative to a basket of major currencies, adjusted for inflation. This metric is important for analyzing Russia's international trade competitiveness and the impact of exchange rate movements on its economy.
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 Real Broad Effective Exchange Rate for Russia is an index that tracks the value of the ruble against a weighted average of other currencies, with adjustments made for differences in inflation rates between Russia and its trading partners. This provides a more comprehensive gauge of the ruble's real purchasing power and trade dynamics compared to just the nominal exchange rate.
Methodology
The data is calculated by the Bank for International Settlements using trade weights and relative consumer price indexes.
Historical Context
Policymakers and analysts use this index to assess Russia's trade position and the competitiveness of its exports.
Key Facts
- The base year for the index is 2010 = 100.
- A higher index value indicates a stronger ruble and greater purchasing power.
- The index accounts for trade with Russia's major partners like the EU, China, and the U.S.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Russia measures the value of the Russian ruble relative to a basket of other currencies, adjusted for inflation differences between Russia and its trading partners.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into Russia's international trade competitiveness and the purchasing power of the ruble, which are key factors for policymakers and businesses analyzing the Russian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using trade weights and relative consumer price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess Russia's trade position and the competitiveness of its exports, which can inform decisions on monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. As an index, the metric may not fully capture all nuances of Russia's complex trade relationships.
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Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Russia (RBRUBIS), retrieved from FRED.