On Some Aspects of the Foreign Exchange Influence on Socio-Economic Tendencies

World’s financial markets have undergone significant changes in recent years. The COVID-19 pandemic that began in 2020 contributed to increased volatility in the markets and increased uncertainty about future development. At the same time, the currency sphere is still one of the most important for maintaining stability in the economy and is a successful exit from the crisis. As the article indicates, in times of crisis the national currencies of emerging markets and developing countries experience increased volatility and tendencies towards depreciation. Raising interest rates of the leading countries’s central banks can destabilize the situation in the foreign exchange markets, especially in developing countries. The article shows the advantages and disadvantages of the appreciation and depreciation of the national currency. Currency depreciation negatively impacts poverty and inequality across countries. The increased volatility of the national currency has a negative impact on the development of the economy. At the same time in Russia, where volatility has also increased and the ruble has depreciated, there are significant opportunities to ensure a stable ruble. In the current conditions of high uncertainty in world markets, anti-Russian sanctions and the importance of strengthening internal foundations of the economy, the use of a wide range of mechanisms to ensure the stability of the currency sphere is especially important. Moreover, Russian regulators do have such opportunities.