Currency depreciation: The U.S. dollar's value decreases.
Financial Update
On May 31, 2025, the dollar rate saw a minor shift in Belarus. The greenback depreciated by 0.001 rubles, reaching 2.9958, representing a 0.03% decrease in value. Coincidentally, the National Bank set the official dollar rate at 2.9968 rubles for the day.
Over the past seven days, the dollar rate has experienced a slight downturn, falling by 0.0098 rubles or 0.33%. Since the beginning of the month, the decrease extends to 0.0324 rubles, equivalent to a 1.07% reduction. On a yearly basis, the dollar has strengthened by 0.4777 rubles, equating to a significant 13.75% decline.
The cross-currency rates reveal that 1 dollar is equivalent to 79.3 Russian rubles, while 1 euro is worth 1.1395 dollars.
For those interested in dollar exchange rates across various cities in Belarus, Myfin offers up-to-date information. Additionally, the National Bank's dollar rate can be found for any given date on their site.
To grasp the broader picture of the dollar exchange rate's evolution in Belarus from the start of 2025 to May 31, let's consider the average exchange rate of around 0.3111 USD per BYN for 2025. In early May, the exchange rate hovered between 0.3283 to 0.3307 BYN per USD. By mid-May, the rate had dropped to approximately 0.3053 USD per BYN, signaling a slight depreciation in the value of the BYN relative to the USD.
In essence, the exchange rates suggest a minor depreciation of the Belarusian Ruble against the US Dollar over the period from early May to mid-May 2025. However, for the most current rates and trends, it's advisable to consult the latest exchange rate data.
Investing in Belarusian markets might be worth considering following the minor depreciation of the Belarusian Ruble against the US Dollar, as the National Bank's official dollar rate decreased by 0.001 rubles. Keeping a close watch on the dollar exchange rates, as provided by Myfin and the National Bank's website, could prove beneficial for one's finance strategies.
