{"id":1882,"date":"2026-05-19T15:43:06","date_gmt":"2026-05-19T15:43:06","guid":{"rendered":"https:\/\/usglobalnews.com\/2026\/05\/19\/ruble-top-performer-against-us-dollar-bloomberg\/"},"modified":"2026-05-19T15:43:06","modified_gmt":"2026-05-19T15:43:06","slug":"ruble-top-performer-against-us-dollar-bloomberg","status":"publish","type":"post","link":"https:\/\/www.usglobalnews.com\/?p=1882","title":{"rendered":"Ruble top performer against US dollar \u2013 Bloomberg"},"content":{"rendered":"

The Russian currency has increased 12% against the greenback since April despite repeated predictions of depreciation, the outlet has reported<\/strong><\/p>\n<\/p>\n

The Russian ruble has become the world\u2019s best-performing currency against the US dollar in the second quarter of 2026, boosted by a surge in oil revenues, Bloomberg has reported.\u00a0<\/p>\n

Data compiled by the outlet showed the ruble had climbed about 12% since the start of April to around 72.6 per dollar, its strongest level since February 2023.<\/p>\n

For a second straight year, the currency has diverged from official and market forecasts that predicted depreciation, prompting some analysts to argue the ruble is overvalued, the report said on Tuesday.<\/p>\n

The ruble\u2019s strength has become a defining feature of Russia\u2019s current economy, driven by sanctions-related imbalances in financial markets and tight monetary policy aimed at offsetting the costs of the Ukraine conflict, according to Bloomberg. While a stronger ruble helps curb inflationary pressures, it is also weighing on exporters\u2019 earnings and state budget revenues, the report added.<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

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Russia-China strategic partnership turns 30: How former rivals became close friends<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

Iskander Lutsko, a Dubai-based senior portfolio manager at Istar Capital, told Bloomberg the ruble would likely return to more normal levels if Russia\u2019s economy shifted away from a model driven by military needs, though he said conditions currently \u201care ideal for further strengthening.\u201d<\/em><\/p>\n

Russian Economy Minister Maksim Reshetnikov said last month the ruble could remain stronger \u201cthan many would like\u201d<\/em> in the coming years under the current economic model, noting that exchange rates previously favored by exporters had largely reflected persistent capital outflows.<\/p>\n

\u201cNow it is clear those outflows no longer exist, and net foreign assets are accumulating within our financial system,\u201d<\/em> Reshetnikov said at the time.<\/p>\n

Demand for foreign currency has remained weak amid high domestic interest rates and subdued imports, nearly 60% of which are now settled in rubles.<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"Russian
G7 weakened itself with sanctions on Russia \u2013 Putin aide\u00a0<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

At the same time, foreign-currency inflows have rebounded on rising energy prices and a partial easing of US sanctions on Russian oil. Washington introduced a waiver earlier this year in a bid to ease supply shortages and limit price spikes triggered by disruptions to shipping through the Strait of Hormuz during the US-Israeli campaign against Iran.<\/p>\n

Net foreign-currency sales by Russia\u2019s largest exporters tripled to $7.3 billion in April, central bank data showed, after the average price of Russia\u2019s Urals crude climbed sharply. The Bank of Russia said higher oil prices had boosted hard-currency revenues this month.<\/p>\n

First Deputy Prime Minister Denis Manturov said earlier that the ruble\u2019s appreciation is putting pressure on non-commodity, non-energy exports. Sberbank CEO Herman Gref has echoed that view, calling such a level the \u201cequilibrium\u201d<\/em> rate for the Russian currency.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

The Russian currency has increased 12% against the greenback since April despite repeated predictions of depreciation, the outlet<\/p>\n","protected":false},"author":0,"featured_media":1883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1882"}],"version-history":[{"count":0,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/media\/1883"}],"wp:attachment":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}