US Currency Experiences Depreciation
Fresh Take:
Currency Swaps: NB RB Rates for May 2, 2025 vs April 30, 2025
Let's dive into some currency shenanigans! Here's a rundown of the recent exchange rate changes for popular currencies, as announced by the National Bank of the Republic of Belarus (NB RB).
May 2, 2025 Rates:
- USD: 3.0282 BYN (-0.75%)
- EUR: 3.4417 BYN (-0.74%)
- RUB (100 RUB): 3.6539 BYN (0.19%)
- CNY (10 CNY): 4.1316 BYN (-1.39%)
- KZT (1000 KZT): 5.922 BYN (-0.06%)
- PLN (10 PLN): 8.0551 BYN (-0.74%)
April 30, 2025 Rates:
- USD: 3.0512 BYN (-0.13%)
- EUR: 3.4673 BYN (-0.02%)
- RUB (100 RUB): 3.6471 BYN (0.02%)
- CNY (10 CNY): 4.19 BYN (0.51%)
- KZT (1000 KZT): 5.9258 BYN (0.52%)
- PLN (10 PLN): 8.115 BYN (-0.0%)
For your currency conversion needs, don't forget to check Myfin.by, which offers extensive information on USD, EUR, and RUB exchange rates in Belarusian banks.
Want to know the rates for specific dates in the past? Fear not! You can find them on the NB RB's official website or explore platforms like Xe.com, OANDA, or even Bloomberg or Reuters, with some requiring a subscription or access through a financial institution.
Remember, understanding exchange rates is vital in Belarus, given its economic connections with countries such as Russia and the use of the Russian Rouble alongside other currencies in certain situations. The exchange rates for USD and EUR significantly impact international trade and economic stability.
Currently, Belarus is grappling with an inflation rate of around 5.5%. Their economic circumstances are heavily influenced by regional geopolitical factors and global economic shifts. For more precise data or a specific date range, it's best to access the NB RB's website or contact them for historical exchange rate data directly. Happy ratespotting!
- The National Bank of Belarus (NB RB) announced changes in exchange rates for several currencies on May 2, 2025, including the Russian Rouble (RUB), which slightly increased by 0.19%.
- Our focus today is on the Belarusian banking-and-insurance industry, where the cost of finance and services can often be expensive, making it essential to keep track of exchange rates.
- Given the country's economic connections with Russia, the Russian Rouble (RUB) is one of the crucial currencies in Belarus, alongside the US Dollar (USD) and Euro (EUR).
- As of May 2, 2025, the exchange rate for 100 RUB was 3.6539 BYN, making it important for individuals and businesses in the expensive finance and insurance industry to stay informed about these currency rates.
