January 06, 2006 |
|The ruble's real effective exchange rate grew a tentative 10.6% in January-November 2005, the Economic Development and Trade Ministry said in a report on the Russian economy in the first eleven months of 2005. |
The ministry estimates the real effective exchange rate of the ruble grew 2.7% against the dollar and 18.8% against the euro in the eleven months.
The real effective exchange rate of the ruble grew 1.2% in November. It rose 0.8% against the dollar and 2.2% against the euro.
The ruble could gain 0.4%-0.6% against the euro in real terms in December and about 1% against the dollar, the ministry estimates. The real effective rate could grow 0.4%-0.5% in December. The ministry estimates that the real strengthening of the ruble could be 3.7%-3.8% against the dollar from December to December, a growth of 19.3%-19.5% against the euro and the real effective exchange rate of the ruble could grow 11% or a bit more.