Chronic devaluation

The real effective exchange rate of the ruble against foreign currencies for November 2014 decreased by 8.3 percent.

   Overall, from January to November 2014, the real effective exchange rate of the ruble against foreign currencies decreased by 16.1 percent. The dollar it fell to 23.4 percent, the euro - 15.1 percent.

When calculating the real effective exchange rate, the nominal exchange rate adjusted for inflation ratio in Russia and in the country whose currency is used as a pair.

According to the December 5 (at 16:52 Moscow time) on the stock exchange dollar was worth 53.82 rubles, euro - 66.09 rubles. Official Euro rate set by the Central Bank on December 6 is 65.72 rubles, dollars - 53.11 rubles.

Earlier, on December 3 in the course of trading the dollar and the euro has once again updated historical highs. For the US currency was allowed to 54.91 rubles for European - 67.9 rubles.

November 10 The Central Bank canceled the regular intervention and the corridor of the currency basket. Thus the regulator actually announced the transition to a floating exchange rate. November 7 Central Bank announced its readiness to support the ruble due to an increase in any given currency interventions, as well as other cycling at its disposal financial market instruments.