Page 92 - RusRPTJan21

7.0​ FX
RUSSIA -FX
2016
2017
2018
3Q18
4Q18
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
Currency (units per EUR) (eop)
64.8
68.9
79.5
81.0
79.5
72.9
72.1
71.5
69.8
76.3
78.9
75.0
Currency (units per USD) (eop)
61.5
57.6
69.5
70.0
69.5
64.8
64.3
64.7
63.0
69.3
71.7
68.0
Currency (units per EUR) (average)
74.4
65.8
74.0
76.0
76.1
75.1
72.6
72.0
69.7
73.3
79.5
74.1
Currency (units per USD) (average)
67.2
58.4
62.7
65.5
66.7
66.1
64.6
64.7
62.9
66.5
73.8
67.7
source: CBR
Dollar Up 20% against Ruble in 2020​. The coronavirus pandemic, the escalation of the geopolitical environment and the subsiding risk appetite of investors in 2020 resulted in a substantial weakening of the Russian ruble against the main currencies, ​TASS​ reports. Particularly, the dollar added 20% against the ruble in 2020, whereas the euro – around 32%.
The dollar exchange rate against the ruble gained 32% in March compared with the January opening, reaching the peak levels since 2016 of 81.97 rubles. The euro exchange rate rose by 30% to 89.6 rubles.
By the end of the year assets on Russia’s stock market, as well as oil prices, demonstrated an impressive recovery, whereas the national currency only partially (by 5%) bounced back against the dollar and lost another roughly 2% compared with the March peak against the euro.
In the first week of December the global market rally finally began to trickle into the Russian currency.​ The ruble, on 3 December, broke through the Rb75/$ handle, and the next day to Rb74/$ for the first time since early September. At the close on Friday, 4 December, the FX rate was Rb74.05/$ (v Rb75.85/$ on 27 November).
92 ​RUSSIA Country Report​ January 2021 ​ ​www.intellinews.com