Page 118 - RusRPTJun24

7.0 FX
RUSSIA -FX
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
4Q23
1Q24
May 24
Currency (units per EUR) (eop)
86.4
86.4
90.5
56.2
56.5
78.9
79.2
90.4
82.8
84.2
99.6
Currency (units per USD) (eop)
73.4
73.4
81.8
53.1
58.9
74.0
73.6
83.5
77.0
78.0
91.6
Currency (units per EUR) (average)
86.4
86.4
99.4
73.0
86.3
64.3
78.5
88.5
77.1
81.4
99.3
Currency (units per USD) (average)
73.0
73.0
88.9
68.4
76.8
63.0
73.3
81.2
72.5
75.6
91.9
source: CBR
Since October 2022, the ruble has lost 42% of its value against the U.S. dollar and 44% against the euro. Interest rate hikes by the CBR and the re-introduction of capital controls have led to some stabilization. The central
118 RUSSIA Country Report June 2024 www.intellinews.com