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USD / RUB exchange rate 1994–2023 EUR / RUB exchange rate. The first Russian ruble (RUR) introduced in January 1992 depreciated significantly versus the US dollar from US$1 = 125 RUR to around US$1 = 6,000 RUR (or 6 RUB) when it was redenominated in January 1998. The new ruble then depreciated rapidly in its first year to US$1 = 20 RUB before ...
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
Its parity to the US dollar underwent a devaluation, however, from US$1 = 4 old rubles (0.4 new ruble) to US$1 = 0.9 new ruble (or 90 kopecks). It implies a gold parity of Rbls 31.50 per troy ounce or Rbl 1 = 0.987412 gram of gold, but this exchange for gold was never available to the general public.
Official inflation rates hit a year-on-year peak above 9% ... the ruble consequently fell below the rate of 114 to a dollar, the lowest level since early March 2022. ... when the central bank rate ...
The ruble that Elvira Nabiullina manages crashed through the psychological support of 100 to the U.S. dollar and on Monday is now worth less than a penny, the first time since March 23 of last year.
For instance, during the year before the crisis, the Central Bank aimed to maintain a band of 5.3 to 7.1 RUB/USD, meaning that it would buy rubles if the market exchange rate threatened to exceed 7.1 rubles/dollar. Similarly, it would sell rubles if the market exchange rate threatened to drop below 5.3.
Investors have been spooked after Russia was hit with fresh sanctions and as tensions rose after a hypersonic missile attach on Ukraine.
An important symptom of Russian macroeconomic instability has been severe fluctuations in the exchange rate of the ruble. From July 1992, when the ruble first could be legally exchanged for United States dollars, to October 1995, the rate of exchange between the ruble and the dollar declined from 144 rubles per US$1 to around 5,000 per US$1.