The Russian ruble hovered near the 85 per USD mark, not far from the 18-month low of 87 as Russia's fuel crisis hampered foreign exchange flows. Ukraine delivered a wave of strikes against Russian oil assets and refining infrastructure through August. Consequently, Russian petroleum production shrank by 160 thousand barrels per day to 8.718 million bpd in August, the second-sharpest reduction this year. On top of that, attacks on Russia's major refiners cut capacity on production of gasoline and diesel, driving Moscow to ban exports of fuel and swing the Russian economy into an importer of refined product. This triggered an aggressive reversal in goods and capital flows from the Russian financial system, forcing foreign currency outwards and driving the ruble to nosedive from the three-year high of 71 on May 28th to the current 18-month low. In turn, ruble supply rose as the federal government was forced to issue soaring levels of debt to make up for the plunge in energy revenues.
The USD/RUB exchange rate fell to 83.3750 on September 30, 2026, down 0.76% from the previous session. Over the past month, the Russian Ruble has strengthened 3.39%, but it's down by 1.06% over the last 12 months. Historically, the USDRUB reached an all time high of 150 in March of 2022. Russian Ruble - data, forecasts, historical chart - was last updated on September 30 of 2026.
The USD/RUB exchange rate fell to 83.3750 on September 30, 2026, down 0.76% from the previous session. Over the past month, the Russian Ruble has strengthened 3.39%, but it's down by 1.06% over the last 12 months. The Russian Ruble is expected to trade at 84.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 80.05 in 12 months time.