National Bank Exchange Rate, as of May 12, 2025.
Belarusian Ruble Exchange Rates as of May 12 and May 8, 2025
Got the lowdown on the Belarusian ruble's exchange rates for May? Check it out!
Rates for May 12, 2025:
The National Bank of the Republic of Belarus has set the following official rates for May 12, 2025:
- US dollar: 3.0238 BR (an increase of 0.0176 BR, or 0.59%)
- Euro: 3.415 BR (a slight increase of 0.0016 BR, or 0.05%)
- Russian ruble (100 RUB): 3.6652 BR (a decrease of -0.0151 BR, or -0.41%)
Wanna know about other currency conversions? Here ya go:
- Chinese yuan for (10 CNY): 4.1735 BR (an increase of 0.0264 BR, or 0.64%)
- Kazakhstani tenge for (1000 KZT): 5.877 BR (an increase of 0.0336 BR, or 0.58%)
- Polish zloty for (10 PLN): 7.9842 BR (an increase of 0.0019 BR, or 0.02%)
Rates for May 8, 2025:
The National Bank of the Republic of Belarus set the official rates for May 8, 2025 as follows:
- US dollar: 3.0062 BR (a decrease of -0.0065 BR, or -0.22%)
- Euro: 3.4134 BR (a slight increase of 0.0063 BR, or 0.18%)
- Russian ruble (100 RUB): 3.6803 BR (an increase of 0.0011 BR, or 0.03%)
- Chinese yuan for (10 CNY): 4.1471 BR (a decrease of -0.0044 BR, or -0.11%)
- Kazakhstani tenge for (1000 KZT): 5.8434 BR (an increase of 0.0135 BR, or 0.23%)
- Polish zloty for (10 PLN): 7.9823 BR (an increase of 0.023 BR, or 0.29%)
What's Happening with the Belarusian Ruble?
It's all about the economic highs and lows! Over the years, the exchange rate has experienced significant fluctuations due to various factors. Here's the tea on recent developments, past trends, and what the future may hold:
Recent Developments:
- 2025: In 2025, the Belarusian ruble experienced a devaluation, reaching approximately 8,600 against the US dollar by the end of September 2024 - a stark increase from its earlier value of 5,347[5]. This devaluation was part of a broader economic strategy and was influenced by a balance-of-payments crisis and inflationary pressures.
- 2024 and Prior: The ruble's value has been volatile due to economic challenges, including a balance-of-payments crisis and high inflation rates. The annual inflation rate has exceeded 40%, contributing to the devaluation of the currency.
- Impact of Sanctions and Economic Conditions: The Belarusian ruble has been affected by sanctions and economic conditions and has seen a correlation with the Russian ruble. The financial sector has remained relatively stable, with banks profiting from investments in government bonds. But trade balances have worsened, leading to a current account deficit[4].
Historical Context:
Before the recent economic challenges, Belarus had a relatively stable economy. However, the ruble has historically been subject to fluctuations due to economic policies and international relations.
Official Exchange Rates:
The National Bank of the Republic of Belarus (NBRB) typically publishes the official exchange rates for the Belarusian ruble, which reflect their efforts to manage currency stability amidst economic challenges.
Challenges and Future Outlook:
Given the ongoing economic challenges, including high inflation and the impact of sanctions, the future of the Belarusian ruble is uncertain. The devaluation and attempts to stabilize the currency through administrative measures suggest ongoing efforts to manage economic stability in Belarus[5].
Wanna dig deeper? Head to Myfin.by for more information on the dollar, euro, and Russian ruble exchange rates in banks in Belarus.
- As of May 12, 2025, the Belarusian ruble had a stronger exchange rate against the US dollar, with a rate of 3.0238 BR, representing a 0.59% increase compared to May 8, 2025.
- The rates for the euro, Russian ruble, Chinese yuan, Kazakhstani tenge, and Polish zloty also saw changes in the same period, with the Belarusian ruble experiencing increases against the Chinese yuan and Kazakhstani tenge.
- Historically, the Belarusian ruble has been subject to fluctuations due to economic policies and international relations, and it has been affected by sanctions and economic conditions, with a correlation observed with the Russian ruble.
- The banking and finance industry in Belarus, particularly the trading balances, have seen challenges that have led to a current account deficit. To monitor the exchange rates in banks in Belarus, consider visiting Myfin.by for more information.
