RUSSIAN RUBLE

EXCHANGE RATE
Ruble exchange rate policy
In transition to flexible
Floating exchange rate regime with decreasing
intervention
Factors That Influence Exchange Rates
Differentials in Inflation
Differentials in Interest Rates
Current-Account
Public Debt
Terms of Trade
Political Stability
Exchange rate policy
Speculation
Relative strengths of other currencies
Economic Performance

Rubles against the Dollar 2005-2014
Ruble Exchange Rate Interventions
-14000
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
-70000
-60000
-50000
-40000
-30000
-20000
-10000
0
10000
20000
30000
E
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Time
Russian Currency Interventions
net purchases mln. USD net purchases mln. EUR
Russian Current Account
Russian inflation rate
Russian Current Account
-20
0
20
40
60
80
100
120
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
U
S

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Year
Current account balance