The real effective exchange rate of the ruble (against the currencies of Russia’s main trading partners, adjusted for inflation) fell by 1.1% in October. At the same time, from January to October, the exchange rate of the national currency rose by 38.5%, and over the year – by 24.8%, follows from the data published on the website of the Central Bank.
The index of the real exchange rate of the ruble against the US dollar and the euro fell by 1.8% in October. At the same time, the nominal exchange rate of the ruble against the dollar over the past month decreased by 1.8%, and against the euro – by 0.5%. The average nominal exchange rate of the dollar in October amounted to 60.86 rubles, the euro exchange rate – 59.57 rubles.
The effective exchange rate of the ruble is calculated on the basis of the exchange rates of Russia’s key trading partners in accordance with the shares of these countries in the foreign trade turnover of the Russian Federation. China ranks first in this indicator, its share in foreign trade turnover with Russia in 2022 amounted to 21.13%. In second place is Germany (8.53%), in third place are Belarus and the Netherlands (5.8% each).