Press release №2058
18.04.2018
ROUBLE: A DOWNWARD TREND

IN BRIEF

  • 60% are not worried about the current increase in the US dollar and Euro exchange rates
  • Even if US dollar rises substantially, 66% will not take any actions

Russian rouble is falling because of new anti-Russia sanctions, most of Russians think.

MOSCOW, April 18, 2018. The Russian Public Opinion Research Center (VCIOM) presents the results of a study devoted to the situation in the exchange market. A considerable rise of the US dollar/euro which started last week did not spread panic among the public: 60% of Russians are not worried about that. Two-thirds (65%) are not going to take any actions even if the US dollar continues rising.

Anxiety related to the rising foreign currencies is expressed by 36% of respondents. Compared to the sample mean, this share is much higher among Muscovites and Petersburgians (46%), respondents who assess their income as low (46%) and those who follow the US dollar exchange rate (49%).

According to many respondents, foreign currencies are rising in value because of the international political situation. About one-quarter of respondents (23%) consider that anti-Russia sanctions cause the dollar/euro exchange rates to rise.

In case US dollar keeps rising, 12% will opt for spending money on everyday needs, 8% will invest in real estate or other valuable items.

An overwhelming majority (94%) has not purchased any currencies over the recent month or two.

The VCIOM-Sputnik survey was conducted on April 12-13, 2018. The survey involved 2,000 Russians aged 18 and over, and was carried out using stratified dual-frame random sample based on a complete list of landline and mobile phone numbers operating in Russia. The data were weighted according to selection probability and social and demographic characteristics. The margin of error at a 95% confidence level does not exceed 2.2%. In addition to sampling error, minor changes in question wording and different circumstances arising during the fieldwork can introduce bias into the survey.

The 2011-2015 results are based on household surveys.

 

Are you worried about the current US dollar/euro rise?   (closed-ended question, one answer, % of all respondents)
  Total respondents, 2018 Persons who assess their financial income as very high or high Persons who assess their financial income as average   Persons who assess their financial income as low or very low 
Definitely yes 14 12 13 18
Rather yes 22 20 21 28
Rather no 28 33 29 22
Definitely no 32 32 33 29
Don’t know 4 3 4 3

 

US dollar and euro rise in value, while the Russian rouble to US dollar/euro exchange rate is falling. In your opinion, what is it caused by?  (open-ended question, any number of answers, % of all respondents)
  Total respondents, 2018
Sanctions against Russia 23
International political situation 8
Changing oil prices 6
Russian economy 6
Artificial weakening of US dollar exchange rate  4
Russia’s politics 3
Russia’s dependence on energy   3
Stock traders 3
U.S. policy 2
Measures of the Central Bank of Russia 2
Unstable Russian rouble exchange rate 2
Aggravation of the Syrian situation 1
Capital outflow 1
The government took the wrong actions 1
Russia’s dependence on US dollar 1
Situation in the global financial market 1
An attempt to help businessmen under sanctions   1
I do not see any rouble decrease 2
Other 3
Don’t know 46

 

If the US dollar keeps rising, what will you do?  (closed-ended question, up to 2 answers, % of all respondents)
  Total respondents, 2018 Aged 18-24 25-34 35-44 45-59 60 and over
I will change Russian roubles to US dollars 2 5 5 2 1 1
I will buy real estate or other valuable items   8 12 12 10 7 4
I will spend my savings on small purchases and everyday needs   12 13 13 16 14 6
I will not do anything special   66 53 57 62 67 76
Other 5 7 4 4 4 6
Don’t know 7 10 9 6 7 7

 

Have you bought foreign currencies over the recent month or two? If yes, what currency?  (closed-ended question, any number of answers, % of all respondents)
  X.2011 VII.2013 II.2014 XI.2014 I.2015 IV.2018
Yes, I have bought US dollars 4 6 6 6 3 4
Yes, I have bought Euro 4 2 3 3 1 2
No, I have not bought any currency 92 90 90 91 95 94
Yes, I have bought other currency   0 1 0 0 0 1
Don’t know 0 1 1 0 1 0

* Up to 2015 the question was asked about one month.

Note: Using materials from the site www.wciom.ru or wciom.com, as well as distributed by VCIOM, the reference to the source (or hyperlink for the electronic media) is obligatory!
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