Euro Collapses Towards the Weekend's End - What Were the Currency Exchange Alterations?
News Article: Exchange Rates and Consumer Loans in Belarus
Belarus's consumer loan delinquency remains impressively low at 0.4% of the total, as reported by the latest data. A significant portion of these loans, approximately one-eighth, were used for purchases of domestically produced goods.
In the realm of foreign exchange, the Russian Ruble faced some volatility during the month of July. On Friday, July 25, the exchange rate for the Ruble against the US Dollar stood at 83.1021 RUB per USD, marking a weakening of the Ruble against the Dollar over the month. Compared to late June, the Ruble lost value against the Dollar by about 6.27%. Earlier in 2025, the USD/RUB rate was higher, but it decreased by around 31.06% over 2025 up to July, indicating some Ruble strengthening before this recent weakening phase.
The Chinese Yuan, on the other hand, showed relative stability against the Ruble during the same timeframe. On Friday, July 25, 1 CNY was worth approximately 10.906 RUB, slightly higher than the values in early July. The exact exchange rates for the US Dollar against the Chinese Yuan and the Euro against the Chinese Yuan or the US Dollar during this period were not found in the provided results.
Meanwhile, the Euro surged upwards by 2.5 kopecks, and the Dollar increased by 0.34 kopecks on July 25. The exchange rate for the Yuan was Br4.1060 (for ¥10) on the same day.
In terms of loans disbursed by Belarusian banks, a total of Br96 billion was distributed in the first half of 2025. Belarusbank issued approximately Br250 million for the "For Native Goods" loan product. Half of the consumer loans were overdraft, and the other half were long-term goods purchase loans. Around Br180 million in consumer loans were issued for Geely vehicles.
Overall, the Belarusian economy continues to show resilience, with low consumer loan delinquency and a significant portion of loans being used for domestic goods. The exchange rates for the major currencies exhibited varying trends, with the Ruble weakening against the Dollar and the Euro and the Yuan showing relative stability against the Ruble. For more precise and daily data for the Euro or Dollar exchange rates for that period, additional market sources or financial databases would be necessary.
- The significant portion of consumer loans in Belarus, which were used for purchases of domestically produced goods, could potentially contribute to the growth of domestic businesses, thereby impacting the overall finance sector.
- The fluctuation in the exchange rates for the Russian Ruble against the US Dollar, and other major currencies such as the Euro and the Chinese Yuan, could have a significant impact on the finance of businesses involved in international trade in Belarus.
