Markets witnessed a surge in value across most currencies, but the Russian ruble experienced a decline in its worth.

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2025 September 16 . 1:44 PM

2 min read

Fluctuations in currency values saw significant surges, omitting only the Russian ruble from this... — Fluctuations in currency values saw significant surges, omitting only the Russian ruble from this rise.

Markets witnessed a surge in value across most currencies, but the Russian ruble experienced a decline in its worth.

Belarus witnessed a significant shift in its economy on Monday, September 8, as wage growth indicators for budget workers accelerated and foreign exchange rates fluctuated.

In the budget sector of Belarus, wages saw a remarkable increase of 10.2% year-on-year in July 2025. This follows a steady growth of 9.7% year-on-year in June. Real wages also experienced a substantial rise, increasing by 7.6% year-on-year in July. These developments have caught the attention of analysts, who believe that the wage growth indicators will support domestic demand.

Analysts at the Eurasian Development Bank have observed high rates of wage growth in Belarus, a positive sign for the nation's economic health.

Meanwhile, the Belarusian Ruble (BYN) faced a significant depreciation against major foreign currencies on the Belarusian Stock Exchange. The exchange rate for the dollar on Monday, September 8, was Br3.0214, while the euro exchange rate was Br3.54. The yuan also saw a rise, with an exchange rate of Br4.2265 (for ¥10). The exchange rate for the Russian ruble was Br3.6893 (for ₽100).

Interestingly, the yuan rose by 2.54 kopecks, marking a small increase. Conversely, only the Russian ruble depreciated, by 0.62 kopecks. The dollar immediately soared by 1.2 kopecks, while the euro exchange rate increased by a full 5.37 kopecks.

On Tuesday, September 9, 2025, the Belarusian Ruble showed a depreciation of about -1.01% against major foreign currencies. Specific rates included Euro at 0.9342 BYN (+0.03%), US Dollar at 0.7967 BYN (+0.11%), Turkish Lira at 51.8784 BYN (-0.17%), Baht at 39.7389 BYN (-0.44%), and Polish Zloty at 4.5526 BYN (-0.10%).

These currency fluctuations and wage growth indicators paint a complex picture of the Belarusian economy. As analysts continue to monitor these trends, it will be interesting to see how they impact the nation's overall economic health in the coming months.