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221
22.08.2025
Rosstat).
Floating exchange rate of the ruble
Since the end of 2014, the Bank of Russia has been pursuing the floating exchange rate regime. This
222
22.08.2025
exchange rate
Since the end of 2014, the Bank of Russia has been pursuing the floating exchange rate regime. This means that foreign exchange rates
223
22.08.2025
exchange rate
Since the end of 2014, the Bank of Russia has been pursuing the floating exchange rate regime. This means that foreign exchange rates
aggregate remained at 14.0% in June.
• Exchange rate (foreign exchange channel)
In July, the average monthly exchange rate of the ruble weakened slightly against
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
Exchange Rate of US Dollar Against Ruble*...........................................................................................................77
3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 79
3.2.3. Official Exchange Rate:
market. Further price dynamics will depend on car lending conditions, the ruble exchange rate,
and consumer behaviour in anticipation of a new rise in the
228
31.07.2025
microfinance organisations.
13 For credit institutions and microfinance organisations.
14 At the exchange rate as of 1 July 2025.
15 In accordance with Bank of
on the average exchange rate.
Source: Bank of Russia.
PRICES FOR GOODS AND SERVICES CHARACTERISED BY HIGH AND LOW SENSITIVITY TO EXCHANGE RATE Chart 29
well as the
wealth of investors (the welfare channel), and the ruble exchange rate (the foreign exchange channel).1
Through any of these channels, higher