Rising Ruble, Deteriorating Dollar - Prevailing Trend in Financial Markets
** currency shifts on June 11**
The buck buckled once more on June 11, losing 0.24% or 0.8 kopecks, marking another challenging day for the Belarusian currency. Meanwhile, the Russian ruble experienced a boost, appreciating slightly. The Chinese yuan also suffered a setback, depreciating by 0.22% nearly approaching a kopeck. Despite these tumultuous movements, the Russian ruble only managed to inch up by 0.01%. The euro, on the other hand, showed a slight improvement, rising by 0.28% or nearly a kopeck.
The Belarusian National Bank and Stock Exchange provided the following exchange rates at the end of trading on June 11:
- Dollar - Br2.9842
- Euro - Br3.417
- Russian ruble - Br3.7892 per ₽100
- Yuan - Br4.1403 per ¥10
Belarusian Inflation: A Growing Concern
Inflation in Belarus has been on a steady rise, with the consumer price index climbing 0.7% compared to April 2025 and a substantial 4.5% when compared to December 2024. According to official reports, food products became 1.2% more expensive, non-food goods increased by 0.2%, while services rose by 0.3%. Comparatively, prices for food products jumped by 5.5%, non-food goods saw an increase of 2.4%, and services escalated by 5.4% since December 2024.
There is a forecast that inflation in Belarus will not exceed 5% in 2025, following the targeted 6% cap missed in 2024 when the consumer price index reached 5.2%.
Keep a close eye on your money's worth as inflation continues to test Belarus' economic resilience.
Note: The text was translated from English to English to preserve the original context and format.
Other factors, such as economic sanctions, trade disruptions, energy costs, monetary policy, and weather patterns, may contribute to inflation in Belarus. Meanwhile, the exchange rate of the Belarusian ruble is influenced by economic performance, trade balance, monetary policy, and global economic conditions. For current exchange rates, it is recommended to consult financial news sources or currency exchange websites.
The rising inflation in Belarus, coupled with currency fluctuations, may significantly impact the local business and finance industry. The exchange rates for major currencies, such as the dollar, euro, ruble, and yuan, are crucial factors for industries that import or export goods within these economies. It's essential to stay updated on current exchange rates to maintain a competitive edge in business.
