Subject This article deals with the issues of trends of real effective exchange rate (REER), foreign-exchange holdings, lending rate, and deflator of gross domestic product of developed and developing countries. Objectives The article aims to determine the prospects of interaction between developed and developing countries taking into account the impact of their real effective exchange rates on financial and economic indicators. Methods For the study, we used a systems approach and the methods of statistical and cluster analyses. Results The article justifies the favor of a low-value oriented floating exchange rate for the Russian economy. The article shows certain forecast changes in real effective exchange rate, foreign currency holdings, lending rate, and gross domestic product deflator of Russia, Germany, China, and the USA. The article identifies opportunities and problematic issues regarding Russia's interaction with other countries. Conclusions and Relevance The article says that the main targets of Russia's interaction with the USA and Germany are achievable through China. It would make sense to use the results of the research in the Strategy of Social and Economic Development of the Russian Federation until 2035 to solve certain problems of public administration.
Keywords: foreign-exchange holdings, GDP deflator, cluster analysis, real effective exchange rate, lending rate
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