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exchange rate movements on price changes is called the ‘pass-through’ and is often analysed as an independent inflation factor. A quantification of the Exchange Rate

delivery of digital currency. Consideration will also be given to including the exchange rate (price) of a digital currency in the list of determining factors

targeting regime involves a floating exchange rate determined by supply and demand in the currency market. Under the floating exchange rate regime, the Bank of

basket components sensitive to the exchange rate rose, as did the median of components weakly sensitive to the exchange rate (Figure 7). These indicators have

well as the wealth of investors (the welfare channel), and the ruble exchange rate (the foreign exchange channel). Through any of these channels, higher market

exchange rate is hovering in the range of the previous year. It is too early to speak of a clear trend forming. The exchange rate

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 82 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 84 3.2.3. Official Exchange Rate:

precious metals is converted to rubles at a period average USD/RUB exchange rate. Source: Bank of Russia. RUSSIA’S BALANCE OF PAYMENTS INDICATORS IN

exchange rate for the funds credited to the account before 9 September 2022. Funds credited after 9 September 2022 are paid out at the exchange

2024 2025 Current account balance Ruble real eective exchange rate index (right-hand scale)* Ruble nominal eective exchange rate index (right-hand scale)* * 2019 Q1 = 100%. Source: