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0 short-term. It was provoked by the exchange
2-10 April 16–24 April 30 April – 7 May rate volatility that had increased in March and
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were moving quite diversely in April, including due to the restrictions and exchange rate fluctuations. These are the findings given in the information and analytical
3
The nominal exchange rate in Russia was fixed for most of the period we consider as the country switched from exchange rate
targeting only
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22.05.2020
As you know, we do not provide any exchange rate forecasts. We have a floating exchange rate, and as the Central Bank we may not
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22.05.2020
returns (14.3%) primarily as a result of increases in foreign currency exchange rates, while Russian equity funds’ returns declined the most (—19.3%). Open-end
2019 2020 FOREIGN EXCHANGE MARKET
Ruble EMCI (JP Morgan) Ruble exchange rate. In February – the first
half of March, the ruble exchange rate weakened
Source:
OF EMES, THE EXCHANGE RATE Chart 9
OF THE RUBLE SIGNIFICANTLY STRENGTHENED
(02.01.2018 = 100)
EXCHANGE RATES IN ADVANCED ECONOMIES* EXCHANGE RATES IN EMERGING
the rouble
exchange rate to oil price fluctuations and the tax manoeuvre.
A notable decrease in the dependence of the rouble exchange rate on oil