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BYN

Belarusian Ruble

BYN · Belarus

44
Moderate
Risk
Historical Scores
414650Jul 2021Jul 2025Aug 2026
What does this mean for you?

The Belarusian Ruble is in decent shape overall, scoring 44 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You need at least 8.1%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
6.6%
Debt / GDP
33.2%
GDP Growth
1.3%
FX Volatility
51.8
Governance
Not available
Reserves
3.0 mo
Analysis
What's working well
Government debt is low — less pressure to print money
Banking system is in good shape
What to watch out for
Restrictions on moving your money out of the country
The currency has been swinging wildly — hard to plan ahead
Full Belarus analysis →

Savings Impact Calculator

BYN
Holding cash in BYN6.6% inflation
BYN 727−BYN 273 (27% purchasing power lost)
Your BYN 1,000 buys 27% less in 5 years
What if you invested BYN 1,000 instead? (5yr, in BYN terms)
USD-denominated assets gain an additional ~3.6%/yr from expected BYN depreciation vs USD
Hold USD Cash
BYN 1030
+BYN 30
+0.6%/yr net in BYN
S&P 500
BYN 1892
+BYN 892
range: BYN 886–BYN 3656
10% USD return + 3.6% FX · ±16% vol
Gold
BYN 1731
+BYN 731
range: BYN 516–BYN 4584
8% USD return + 3.6% FX · ±24% vol
Bitcoin
BYN 3517
+BYN 2517
range: BYN 231–BYN 20.3k
25% USD return + 3.6% FX · ±54% vol

All values in BYN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~3.6%/yr based on the inflation differential between Belarus (6.6%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how BYN ranks differently.
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