Belarus Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Belarus's exchange rate was 3.40 in 2025, ranked 126th globally. This represents a 4.6% increase from 2024. Data from World Bank, covering 1994–2025.
Overview
Belarus's exchange rate stood at 3.40 in 2025, a rise of +0.15 from 2024. Based on recent trends, this figure is projected to reach 3.40 by 2025. Belarus ranked 126th globally.
Belarus’ official exchange rate has risen to 3.40 per U.S. dollar in 2025, placing the country at rank 126 globally and marking the highest level recorded since coverage began in 1994, when the rate was effectively 0.00. The steep appreciation reflects a combination of tighter monetary policy, reduced inflationary pressures and a modest rebound in export earnings after a prolonged period of currency depreciation in the early 2000s. Compared with peer economies of similar ranking, Qatar’s rate of 3.64 and Tunisia’s 3.26 illustrate that Belarus now operates in a relatively comparable band, although the United Arab Emirates’ 3.67 underscores a slightly stronger external position among the group. The sustained upward trajectory suggests that continued fiscal consolidation and diversification of trade partners could further strengthen the ruble, while any resurgence of external shocks or policy reversals would likely temper the current gains.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 3.81 | - | - |
| 2026* trend | 3.60 | - | - |
| 2025* trend | 3.40 | - | - |
| 2025 | 3.40 | +0.15 | #126 |
| 2024 | 3.25 | +0.24 | #81 |
| 2023 | 3.01 | +0.38 | #79 |
| 2022 | 2.63 | +0.09 | #70 |
| 2021 | 2.54 | +0.10 | #70 |
| 2020 | 2.44 | +0.35 | #70 |
| 2019 | 2.09 | +0.05 | #68 |
| 2018 | 2.04 | +0.11 | #68 |
| 2017 | 1.93 | −0.06 | #66 |
| 2016 | 1.99 | +0.40 | #66 |
| 2015 | 1.59 | +0.57 | #61 |
| 2014 | 1.02 | +0.13 | #52 |
| 2013 | 0.89 | +0.05 | #34 |
| 2012 | 0.83 | +0.34 | #34 |
| 2011 | 0.50 | +0.20 | #4 |
Detected Pattern
Analysis
Belarus matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Belarus's exchange rate was 3.40 in 2025. Ranked 126th globally. This represents a 4.6% increase from the previous year.
Belarus's exchange rate peaked at 3.40 in 2025.
The lowest exchange rate in Belarus was 0.00 in 1994.
Belarus ranks 126th globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Belarus's exchange rate is projected to reach 3.40 by 2025 based on trend extrapolation.
The exchange rate of Belarus in 2025 was 3.40. This ranks 126th in the world.
Cite this page
@misc{historysaid_belarus_exchange-rate,
title = {Belarus Exchange Rate},
url = {https://historysaid.com/belarus/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}