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below the seasonal norm. Egg
prices demonstrated the same trend.
EXCHANGE RATE
The ruble exchange rate against the main currencies had been fluctuating within broadly
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 of US Dollar Against Ruble*.......................................................................................................... 85
3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 87
3.2.3. Official Exchange Rate:
A. , Kulikov A. , Polbin A. Copula-Based Modelling of Relationship Between Dollar/Rouble Exchange Rate
and Oil Prices. Russian Journal of Money and Finance. 82(3
week of January on the back of the VAT hike.
December’s exchange rate moves tended to have a neutral effect on prices, despite ruble
2. Exchange rate policy
2.1. Exchange rate regimes
— classification of exchange rate regimes
— de facto and de jure regimes
— choosing an exchange rate regime
197
13.02.2026
about the exchange rate. Given the monetary policy pursued and all other factors, possibly those that you’ve mentioned as well, the exchange rate will
and precious metals is converted to rubles using the period average USDRUB exchange rate.
Source: Bank of Russia.
Russia’s balance of payments indicators in
199
05.02.2026
A., Kulikov A., Polbin A.
Copula-Based Modelling of Relationship Between Dollar/Rouble Exchange Rate and Oil Prices
Russian Journal of Money and Finance, 82(3
insurance rates is less than
cumulative inflation since September 2022.
EXCHANGE RATE
The ruble exchange rate against the main currencies had been fluctuating within broadly