International Merchandise Trade Statistics: Trade Balance: Commodities for Russia
Russian Ruble, Annual, Seasonally Adjusted
XTNTVA01RUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,359,600,000,000.00
Year-over-Year Change
106.36%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate of the Russian ruble against the U.S. dollar. It is a key indicator of Russia's economic and geopolitical standing on the global stage.
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 exchange rate reflects the value of the Russian currency relative to the U.S. dollar. Economists and policymakers closely monitor this trend to assess Russia's economic performance, international trade, and financial market stability.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The ruble exchange rate is a crucial data point for analyzing Russia's economic and political dynamics.
Key Facts
- The Russian ruble is the official currency of the Russian Federation.
- Russia is one of the world's largest economies and a major player in global energy markets.
- Exchange rate fluctuations can impact Russia's trade, inflation, and financial stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate of the Russian ruble against the U.S. dollar, reflecting the value of the Russian currency.
Q: Why is this trend relevant for users or analysts?
A: The ruble exchange rate is a key indicator of Russia's economic performance, international trade, and financial market stability, making it crucial for economists and policymakers to monitor.
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: The ruble exchange rate is used by economists, financial institutions, and policymakers to analyze Russia's economic and geopolitical dynamics, informing decision-making on trade, sanctions, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published annually and may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Russian Ruble, Annual, Seasonally Adjusted (XTNTVA01RUA664S), retrieved from FRED.