How the ruble has changed over the past 10 years
How the ruble has changed over the past 10 years
The ruble is the national currency of the Russian Federation,which, like other monetary units, is subject to fluctuations in the exchange rate. At the same time over the past 10 years, the value of the national currency has changed quite significantly.
Ruble's exchange rate
The ruble, which is a national monetaryunit of the Russian Federation, is not currently freely convertible currency, therefore it can not be freely sold or bought in the foreign exchange market of any country. Nevertheless, the Central Bank of Russia sets the exchange rate of the national currency daily against other freely convertible currency units, the most popular among which are the US dollar and the united currency of the Eurozone countries - the euro. In this connection, it is customary to determine the dynamics of the ruble exchange rate in relation to these currencies. The exchange rate of the ruble against the dollar
Over the past ten years, the ruble exchange rateThe US dollar has undergone significant changes. Thus, the maximum value of the exchange rate during the period under review was reached in June-July 2008, when one US dollar could be purchased for an amount slightly exceeding 23 rubles. The ruble / dollar rate reached its minimum mark for two time periods: the first time it happened in February 2009, when the dollar quotations exceeded 36 rubles, and the second time - in 2014, when after a noticeable fall in previous years, the value of the dollar again jumped the mark of 36 rubles. Thus, it can be stated that during the ten-year period under review, the ruble exchange rate against the dollar was subject to significant fluctuations: the maximum value reached during this time interval woven, exceeded the minimum more than 1.5 times. At the same time, if we exclude the most drastic fluctuations, we can state that since August 2004, when one dollar was worth about 29 rubles, until August 2014, when its value rose to 36 rubles, the exchange rate of the national currency fell by about 20%. The ruble against the euro
The second world currency, in relation to whichit is customary to fix the ruble exchange rate, - euro. The fluctuations in its value in rubles over the past ten-year period were also quite significant: the maximum value of the national currency against the euro was reached in March 2006, when one euro was worth a little more than 33 rubles, and the minimum - after eight years, in March 2014, when the euro was worth more than 50 rubles. Thus, the spread of quotations for the period under review was about 1.5 times. In general, for ten years the exchange rate of the ruble relative to the euro has changed somewhat less significantly. So, if in August 2004, one euro was worth about 35 rubles, then in August 2014 - about 48 rubles. Thus, the depreciation of the national currency for this period amounted to about 25%.
