Page 141 - RusRPTAug24

7.0 FX
RUSSIA -FX
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
4Q23
1Q24
July 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
93.5
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
86.3
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
95.4
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
87.8
source: CBR
The most visible result of a less supportive external environment is the significant depreciation of Russia’s currency since the autumn of 2022. The ruble has lost around 40% of its value against the US dollar and even
141 RUSSIA Country Report August 2024 www.intellinews.com