Historical Year Data · 2008

Russia Real Effective Exchange Rate in 2008

Russia Real Effective Exchange Rate opened 2008 at 126.05 and closed at 128.76, a +2.15% move for the year. The high of 134.93 was reached on November 1, and the low of 125.94 on February 1.

Open

126.05

2008-01

128.76

12 data points

High

134.93

Nov 1

Low

125.94

Feb 1

Full Year Change

+2.15%

2007 Change

+4.58%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	126.05	126.05	126.05	126.05	+0.00%
Feb	125.94	125.94	125.94	125.94	+0.00%
Mar	126.81	126.81	126.81	126.81	+0.00%
Apr	128.16	128.16	128.16	128.16	+0.00%
May	129.19	129.19	129.19	129.19	+0.00%
Jun	130.17	130.17	130.17	130.17	+0.00%
Jul	130.63	130.63	130.63	130.63	+0.00%
Aug	130.83	130.83	130.83	130.83	+0.00%
Sep	129.89	129.89	129.89	129.89	+0.00%
Oct	132.98	132.98	132.98	132.98	+0.00%
Nov	134.93	134.93	134.93	134.93	+0.00%
Dec	128.76	128.76	128.76	128.76	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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