Page 80 - RusRPTJul21

7.0 FX
RUSSIA -FX
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
4Q20
1Q21
2Q22
Currency (units per EUR) (eop)
72.1
71.5
69.8
76.3
78.9
88.7
91.3
90.6
88.8
Currency (units per USD) (eop)
64.3
64.7
63.0
69.3
71.7
75.4
76.5
75.5
73.8
Currency (units per EUR) (average)
72.6
72.0
69.7
73.3
79.5
85.9
90.8
89.6
89.4
Currency (units per USD) (average)
64.6
64.7
62.9
66.5
73.8
73.6
76.2
74.3
74.2
source: CBR
The outcome of the Geneva Summit was moderately positive – it is good news that the leaders are talking to each other and are commenting on the results of the last meeting in a respectful matter. However, the outcome did not provide a powerful boost to the ruble – this outcome was expected. On top of that, even this small positive geopolitical event in terms of influence on the FX
80 RUSSIA Country Report July 2021 www.intellinews.com