Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Ruble Lost One-sixth of its Value in a Year
10.01.2021 17:28
Ruble Lost One-sixth of its Value in a Year

The ruble has depreciated by 16.7% against the dollar and by 24.1% against the euro in 2020. The fall was caused by a pandemic, a decline in oil prices, imposed sanctions and the threat of new ones.
      Credit Suisse experts called the ruble the main disappointment of the year. And yet, the weakening of the ruble over the economic history of Russia is not the peak, RBC notes. During the 1998 crisis, the domestic currency fell against the dollar by almost 70%; in 2014, the ruble dipped by 41%. The collapse of the ruble in 2020 was restrained by the Central Bank, during the fall in oil prices in March, the regulator was selling currency on the domestic market. The fall "subsidence" of the Russian currency was restrained by the sale of the remains from the deal with Sberbank and the currency that participated in the deal on the placement of shares of Aeroflot, the newspaper specifies.
      According to forecasts, in 2021, fluctuations in the exchange rate of the national currency will be in the range of 66-82 rubles per dollar. The average exchange rate of the dollar against the ruble next year will be approximately 72.7 rubles, the euro - about 86.55 rubles.


Author: Anna Dorozhkina

Tags: Russian economy     

Next Previous

You might also find interesting:

The Absence of Chinese Tourists will Negatively Affect the Russian Market of Premium and Luxury Goods
Fitch Halved Russia's Economic Growth Forecast
Net Capital Outflow from Russia Increased by 65.9%
Internet Trade in Moscow Grew 1.5 Times during the Crisis
60% of Russian Entrepreneurs can no Longer Cope with Rental Payments

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Yalta  Russian Brides  Russian football  Georgy Zhukov  Sverdlovsk region  travel to Russia  Bashneft  Yaroslavl   accommodation in Russia  St. Petersburg  Volga River  Russian National Parks  Russian media  Derzhavin Memorial Estate  videos from Russia  elections in Russia  Russian constructors  Ethnogastronomic Tourism  Proekt Fabrika  Russian business  Russian tourism  Russian society  Naberezhnye Chelny  Saratov region  Roskosmos   Pushkin Museum of Fine Arts  Penza  Alexei Navalny  Russian prisoners  Russian regions  Mercedes-Benz Fashion Week Russia  Books  Cyrillics  Exhibitions in Moscow  Tver region  Russian Cinema  Moscow  Russian Porridge  Krasnodar region  Great Patriotic War  Russian Film Distribution  Kamchatka  Furnace  Russian parliament  Tanara River  Festivals in Moscow  Nikolay Zelinsky  Primorye  Terek Grozny  Earth Mantle 

Travel Blogs
Top Traveling Sites