Dollar Values Experiencing A Decline
Update on Dollar Rates: May 7, 2025
In the currency market, the buck took a hit, shedding 0.0199 rubles and ending the day at 3.0127. That's a 0.66% decrease from yesterday.
Here's a breakdown of the dollar's recent performance:
- Down by 0.0385 rubles (-1.26%) over the past week
- Weakened by 0.0155 rubles (-0.51%) since the start of the month
- Dropped by 0.4608 rubles (-13.27%) since the start of the year
Current dollar cross-rates:
- USD/RUB = 82 (That means a single buck sets you back 82 rubles)
- EUR/USD = 1.133 (One euro is roughly equal to 1.133 bucks)
Looking for dollar exchange rates in Minsk or other cities in Belarus? Head over to Myfin for detailed info. You can also check the NBFRB dollar rate for any date you like.
Now, let's talk about the ins and outs of the dollar rate in the local market. The US dollar is trading at approximately 3.04 BYN per dollar in Minsk and other Belarusian cities, reflecting a slight dip from recent weeks. Interestingly, this local market rate is lower than the official NBRB rate of 3.4071 BYN, suggesting a premium in the official rate compared to the actual cash market rate.
For instance, on April 30, a currency converter source quoted a rate of about 3.275 BYN per dollar, which might be closer to mid-market online rates. This indicates that the dollar rate in banks and exchange points around Minsk and Belarus is lower than the official NBRB rate, a common occurrence in countries with managed exchange rates.
Fun Fact: If you want to know how a dollar compares to a euro, for every dollar, you're actually spending 1.133 euros in the market right now!
In the future, the dollar might continue to weaken against the ruble, with projections predicting a potential drop by more dollars in 2025. By 2025, it's expected that 1 USD will cost approximately 82.34 rubles, considering the recent rate dynamics and current market trends. As of now, the USD-ruble exchange rate stands at around 82, while the EUR-USD exchange rate is roughly 1.133. This implies that 1 USD is priced at 82 rubles, and 1 euro is equivalent to 1.133 USD in the market, according to the provided currency cross-rates.
