The Central Bank of Russia reported a 4.7% month-on-month decline in the ruble's real effective exchange rate for July 2026.
Key facts
- •The ruble's real effective exchange rate fell 4.7% in July 2026 month-on-month.
- •Year-to-date, the exchange rate has risen by 2.2%.
- •The ruble lost 4.7% against the U.S. dollar in July.
- •The ruble declined 3.8% against the euro in July.
- •The rate is calculated based on the trade turnover shares of Russia's main partners.
The real effective exchange rate (REER) of the Russian ruble, adjusted for inflation against the currencies of the nation's primary trade partners, decreased by 4.7% in July 2026 compared to the previous month. This data was released by the Central Bank of Russia. Despite the monthly decline, the exchange rate has seen an overall increase of 2.2% since the beginning of 2026.
By the numbers
Performance Against Major Currencies
In July, the ruble's real effective exchange rate against the U.S. dollar fell by 4.7%, though it remains up 2.8% year-to-date. Against the euro, the ruble experienced a 3.8% decline for the month, while maintaining a 5.9% increase since the start of the year.
Calculation Methodology
The Central Bank calculates the REER based on the exchange rates of Russia's key trading partners. These figures are weighted according to the share each country holds in Russia's total national foreign trade turnover.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by TASS (English).
