Ruble USD/RUB FX rate, up until Jun 21, 2023
The USD to ruble value lost significant ground after Russia's invasion of Ukraine, reaching a low of 135 rubles in March 2022. This devaluation is also observed in a chart that compares the monthly average of the ruble against both the U.S. dollar and the euro since 2008. A decline started in November 2020, and continued into 2021 - no specific reason was given for the timing of this development. Interestingly, the USD/RUB exchange rate reached its highest point earlier in 2020, as one U.S. dollar could buy nearly 80 rubles in March 2020. Values were noticeably different years later, however, as the USD/RUB exchange rate was valued at 84.09 on June 21, 2023.
