Norwegian Journal of development of the International Science
Published August 26, 2022 | Version v1
Journal article Open

THE IMPACT OF THE CORONAVIRUS PANDEMIC ON THE EXCHANGE RATE OF THE RUSSIAN NATIONAL CURRENCY

Authors/Creators

  • 1. 3rd year master's student of College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China
  • 2. An associate professor in the College of Economics and Management at Nanjing University of Aeronautics and Astronautics Authors gratefully acknowledge support provided by the National Social Science Fund of China (Grant No. 17BJL118)

Description

Abstract

This article considers the impact of the coronavirus pandemic on the ruble exchange rate. In modern realities, the exchange rate, having a strong relationship with the main macroeconomic indicators, has a tangible impact on the country's economic system.  The ruble exchange rate was analyzed using multiple linear regression (MLR) correlation analysis. The results have shown that the price of oil significantly affects the exchange rate. Moreover, other independent variables such as RTS Index and foreign investment in Federal loan bonds included in the model also have a distinguished effect on the ruble exchange rate.

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References

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