Table 1

Factors influencing exchange rates

FactorsSources
Exchange rateshttps://data.worldbank.org/indicator/PA.NUS.FCRF
Sanction intensityhttps://www.globalsanctionsdatabase.com/
BRICS currency clear condition indexAuthors
Political stabilityhttps://data.worldbank.org/indicator/PV.PER.RNK
Real GDP (Constant, 2015 US dollar)https://data.worldbank.org/indicator/NY.GDP.MKTP.KD
Logistic performance indexhttps://lpi.worldbank.org/
Source(s): Authors’ calculations

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