Page 55 - RusRPTJan22

7.0 FX
RUSSIA -FX
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
Currency (units per EUR) (eop)
72.1
71.5
69.8
76.3
78.9
88.7
91.3
90.6
88.8
86.4
88.6
Currency (units per USD) (eop)
64.3
64.7
63.0
69.3
71.7
75.4
76.5
75.5
73.8
73.4
74.2
Currency (units per EUR) (average)
72.6
72.0
69.7
73.3
79.5
85.9
90.8
89.6
89.4
86.4
88.5
Currency (units per USD) (average)
64.6
64.7
62.9
66.5
73.8
73.6
76.2
74.3
74.2
73.0
73.8
source: CBR
Reports that Russia may be preparing to invade Ukraine have made the hryvnia and the ruble the worst performing currencies of the region in December, reports Bloomberg. In one month, the hryvnia has lost 4% of its value against the dollar. With the central bank aiming to cut inflation in half over the next year, the bank noted on December 9: “This decision is aimed at levelling the impact of additional pro-inflationary risks, improving inflation expectations and ensuring a steady reduction in inflation to 5%.”
55 RUSSIA Country Report January 2022 www.intellinews.com