One U.S. Dollar Now Buys 110 Russian Rubles 🇷🇺

What We’re Showing

This graphic shows the value of the Russian ruble against the U.S. dollar since 2000, based on data from TradingView. Figures are as of November 27, 2024.

Key Takeaways

• The Russian ruble has experienced a sharp decline against the U.S. dollar following a new wave of sanctions targeting Gazprombank, a key institution involved in funding military equipment purchases and paying Russian soldiers in the war against Ukraine.
• On November 27, the Russian central bank responded by suspending foreign purchases of the ruble for the remainder of 2024 in an effort to stabilize the currency.
• So far this year, the ruble has plunged 21% against the dollar, making it one of the worst-performing currencies among emerging markets.