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Deutsche Bank <#"732787.files/image001.gif">. 1 - USD - US dollar; EUR - euro;
JPY-yen; GBP - pound sterling; AUD - Australian dollar; CHF - Swiss franc; CAD
- Canadian dollar; MXN - Mexican peso; CNY - Chinese Yuan; NZD - New Zealand
dollar; SEK - Swedish krona; RUB - Russian ruble; HKD - Hong Kong dollar
Russian ruble has a very small share
in global currency turnover. The main problems are inflation and economic
potential of the country. Russia has the highest inflation among 20 world
economies that`s why it is not profitable to buy and keep ruble. Currencies
with high turnover are freely convertible currencies while Russian ruble is
partly convertible. However, the share increased from 0,9% to 1,6% (2010-2013).
One of the reasons could be including ruble in the majority of international
electronic trading systems (which involve large global banks).2010 the share of
the Russian exchange market on a worldwide turnover was 0.8% (14th in the
world), down from 1.3% in 2007. The reason for this should be sought in the
lack of development of internal market, its weak integration in the global
foreign exchange trading, as well as to reduce turnover during the last
financial crisis.main currencies in Russian exchange market are Russian ruble,
euro and USD dollar. The ratio of the freely convertible currencies against the
ruble plays a big role in Russian economy. For example the ratio of the dollar
against ruble influences on earnings from exporting oil and prices of importing
goods.
 . 2 - The ratio of US Dollar and
EURO against ruble in 2009-2012 (in rubles)
we can see
from table ratios are quite stable. Some experts said that after entering to
the World Trade Organization Russian ruble would be week. However the ratios
did not change too much after 1 year in WTO. World`s economy is recovering
after global crisis. In short term these ratios won`t change a lot because the
oil price is rather stable and economic situation in Europe improved.banks make
ruble exchange transactions not only with local, but also with international
counterparties. From the point of view of geographically the main
counterparties of Russian banks were banks of Western Europe (in fact, it is
London) in 2012. 76-78% of USD/RUB transactions were there. Also many
counterparties were located in northern Europe (9%). The share of other regions
is small, such as the share of North America - only 1%.the near future for
ruble is important status as a regional currency that gives the relative
stability of financial relations and trade within a group of closely related
countries (e.g. Belorussia, Kazakhstan and Tajikistan). In 2011 the statistics
showed that the share of Russian ruble in trade among Eurasian Economic
Community (EurAsEC) increased up to 52% of all currencies compared with 2010
(the share was 32%). It is a great progress because the share of Russian ruble
is higher than US dollar (35%), euro (9%), Belarusian ruble (2%) and Kazakhstan
Tenge (1%).
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