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the surveys of banks as of 1 March 2023.
6
At the exchange rate as of 1 April 2023.
Financial Stability Review
53 No. 1
552
27.06.2023
exchange rate, or the effect of the exchange rate pass-through to prices. Empirical research shows that the short-term (e.g. after three months) exchange rate
output.
Exchange rate
In May 2023, the ruble strengthened against the three main foreign currencies traded in the
market. In monthly terms, the exchange rate
MAIN WORLD CURRENCIES Chart 18
(02.01.2019 = 100)
EXCHANGE RATES IN ADVANCED ECONOMIES* EXCHANGE RATES IN EMERGING MARKET ECONOMIES*
115 140
110
120
105
of gradually attenuating disinflationary factors in the coming months.
Figure 10. USD exchange rate to the ruble (%) Figure11. Modified core inflation indicators*
and median CPI
Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 60
3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 62
3.2.3. Official Exchange Rate:
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13.06.2023
measure is the difference between a ruble-denominated interest rate (e.g., RUONIA) and the indicative exchange rate for CNY/RUB FX swaps.
The absolute majority
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09.06.2023
cannot expand, the exchange rate will be weakening and, accordingly, inflation will be accelerating because of this weakening of the exchange rate.
In contrast, when
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09.06.2023
restrictions can further weaken demand for Russian exports, contributing to inflation through exchange rate movements. Moreover, the increasing complexity of production, supply chains and payments
All-Russian currency classifier
-
32
Amount of operation
in rubles at the internal
exchange rate
CO
Field "Operation currency" ? [RUB]
Amount accurate to two decimal places