📈 Official Belarus Exchange Rates for May 7 - A Breakdown 📉
Exchange rate of NBRB on the 7th of May, 2025.
Hey there! Let's dive into the financial world and figure out the official exchange rates for May 7, 2025, as set by the National Bank of the Republic of Belarus.
👉 US Dollar (USD): The exchange rate for the USD sits at 3.0127 Belarusian Rubles (BYN) – a decrease by 0.0199 BYN (-0.66%) compared to the previous day.
👉 Euro (EUR): The Euro rate is 3.4071 BYN, demonstrating a decrease of 0.0312 BYN (-0.91%) compared to the rates on May 6.
👉 Russian Ruble (RUB): The RUB rate has seen a slight increase, with 100 RUB now exchanging for 3.6792 BYN, an increase by 0.02 BYN (+0.55%).
👉 Chinese Yuan (CNY): The exchange rate for the CNY has been adjusted to 4.1515 BYN, marking a decrease of 0.027 BYN (-0.65%) compared to the previous day.
👉 Kazakh Tenge (KZT): The rate for 1000 KZT is now 5.8299 BYN, representing a decrease of 0.0264 BYN (-0.45%) compared to the rates on May 6.
👉 Polish Zloty (PLN): Those exchanging PLN will see a rate of 7.9593 BYN per 10 PLN – a decrease of 0.082 BYN (-1.02%) compared to the previous day.
Remember, these exchange rates are subject to change, so it's always a good idea to stay updated! Check back regularly for the latest rates on Myfin.by, your go-to source for USD, EUR, and RUB rates in Belarusian banks!
Want more info? Let's delve into the history of currency exchange rates in Belarus. Over time, the exchange rate for the Belarusian ruble (BYN) with other currencies, such as the US dollar (USD), has been relatively stable, with fluctuations occurring within narrow ranges.
P.S. Keep an eye on other relevant exchange rates too, like the Belarusian ruble to Saudi riyals. The exchange rate between these two has shown fluctuations between 1.145 and 1.146 SAR per BYN over the past week. 🌐💼🌍
[1] Belarus.by. Belarus currency exchange rates. Accessed on May 9, 2025.[2] Belarusbank.by. Daily exchange rates by the National Bank of the Republic of Belarus. Accessed on May 9, 2025.[3] Reuters.com. Belarus NB mkt exchange and gold rates. Accessed on May 9, 2025.[4] Central Bank of Saudi Arabia. Exchange rates. Accessed on May 9, 2025.
In the broader context of global finance and banking-and-insurance sectors, these exchange rate changes could potentially impact the industry in Belarus, as fluctuations in foreign currency values can affect imports, exports, and overall economic stability. Given the decreasing exchange rates for the US Dollar, Euro, Chinese Yuan, Polish Zloty, and Kazakh Tenge, the industry might experience increased costs upon imports from these regions, depending on the specific market dynamics. On the other hand, the slight increase in the Russian Ruble rate could potentially reduce costs for imports from Russia. In light of these dynamics, it's important for financial institutions and businesses to closely monitor exchange rate trends for informed decision-making.
