Ruble’s real effective exchange rate up 3% in December, down 14% in 2020

TASS Russian News Agency | Jan 14, 2021 at 3:41 PM

MOSCOW, January 14. /TASS/. The real effective exchange rate of the Russian ruble against currencies of the main trade partners adjusted for inflation rose by 3% in December 2020 compared with the previous month, and dropped by 14% in 2020, according to the files released by the Central Bank on Thursday.

In annual terms, the ruble's real effective exchange rate decreased by 7.5% in January-December 2020.

The ruble's real effective exchange rate added 4.7% against the dollar and 2.4% against the euro in December month-on-month (went down by 12.1% and 18.1% year-to-date, respectively).

The real effective exchange rate is calculated on the basis of rates of Russia's key trading partners in accordance with shares of those countries in the country's national foreign trade turnover.