Looks like it dropped from ~0.40 to 0.15 in 2015 around the original conflicts and its spikes are 0.9 and 0.18 since. So 0.14 to 0.13 is typical the last 5 yrs.
It hasnt gotten worse but being 1/3rd has to be hard after a decade.
tribbans95 on
Getting more and more expensive by the day. They have been selling huge amounts of their foreign currency reserves.
2023: Average monthly sales were roughly $834 million.
2024: Average monthly sales rose to $1.32 billion.
2025: Sales more than doubled to an average of $2.75 billion per month.
Early 2026: In January and February alone, interventions hit a massive $3.6 billion per month.
Longjumping-Ad7478 on
Not much, because its traiding is restricted on international market. They emulate cash flow with subsidising their banks and then force those banks to buy bonds with that money. But actual exchange value is totally virtual like it was during soviet times. Actual crash would be seen if war ends sanctions would be lifted and Russia would try to stockpile international currency.
fsidesmith6932 on
Couple the failing ruble to the fact that Russia has very large debt with world banks. World banks that require loans be paid back US dollars. North Korea can’t help – they have no money either. China could provide (and has already provided) help, but they have logical fiscal limits.
We are all witnessing the noose tightening on Putin, and his citizens are paying the price. I try to sympathize with the Russian people, but when I am reminded of the Bucha massacre my sympathy fades away.
ClutchReverie on
Russia is effectively selling their future to try to save face for Putin
BobbyBoogarBreath on
They have been lower and somehow came back before, unfortunately.
RUB being cheaper to USD is a good thing for them, unfortunately. Don’t forget that russia is an export oriented country. It’s profitable for businesses to sell products for a few bucks and get a lot of local currency for that.
At the same time, having lots of imported goods sanctioned, in this situation weak currency doesn’t have THAT much of a downside.
The war is gonna end sometime? And we could be Russian millionaires?
VA3DPrinter on
It’s too volatile to predict meaningfully. When they kicked the war off back in ‘22, ruble fell to 105:1 then recovered within months to 54:1, only to creep back up to 96:1,back down to 84: and skyrocket back up to 109:1, back down to 71:1. All I know is, I wouldn’t want to be an investor in the Russian economy, which in itself is an issue.
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I predict it within the next 30 seconds
RemindMe! One month
Looks like it dropped from ~0.40 to 0.15 in 2015 around the original conflicts and its spikes are 0.9 and 0.18 since. So 0.14 to 0.13 is typical the last 5 yrs.
It hasnt gotten worse but being 1/3rd has to be hard after a decade.
Getting more and more expensive by the day. They have been selling huge amounts of their foreign currency reserves.
2023: Average monthly sales were roughly $834 million.
2024: Average monthly sales rose to $1.32 billion.
2025: Sales more than doubled to an average of $2.75 billion per month.
Early 2026: In January and February alone, interventions hit a massive $3.6 billion per month.
Not much, because its traiding is restricted on international market. They emulate cash flow with subsidising their banks and then force those banks to buy bonds with that money. But actual exchange value is totally virtual like it was during soviet times. Actual crash would be seen if war ends sanctions would be lifted and Russia would try to stockpile international currency.
Couple the failing ruble to the fact that Russia has very large debt with world banks. World banks that require loans be paid back US dollars. North Korea can’t help – they have no money either. China could provide (and has already provided) help, but they have logical fiscal limits.
We are all witnessing the noose tightening on Putin, and his citizens are paying the price. I try to sympathize with the Russian people, but when I am reminded of the Bucha massacre my sympathy fades away.
Russia is effectively selling their future to try to save face for Putin
They have been lower and somehow came back before, unfortunately.
https://preview.redd.it/5dlgd72m0fah1.jpeg?width=680&format=pjpg&auto=webp&s=c7deddb7a10cbda1f5bc30f96cc7ee68242d85cd
RUB being cheaper to USD is a good thing for them, unfortunately. Don’t forget that russia is an export oriented country. It’s profitable for businesses to sell products for a few bucks and get a lot of local currency for that.
At the same time, having lots of imported goods sanctioned, in this situation weak currency doesn’t have THAT much of a downside.
For anyone wanting to dive deep into rabbit hole of exchange rates influence on economics, you might start here [https://en.wikipedia.org/wiki/Marshall%E2%80%93Lerner_condition](https://en.wikipedia.org/wiki/Marshall%E2%80%93Lerner_condition)
Genuinely wondering if it’s worth buying some?
The war is gonna end sometime? And we could be Russian millionaires?
It’s too volatile to predict meaningfully. When they kicked the war off back in ‘22, ruble fell to 105:1 then recovered within months to 54:1, only to creep back up to 96:1,back down to 84: and skyrocket back up to 109:1, back down to 71:1. All I know is, I wouldn’t want to be an investor in the Russian economy, which in itself is an issue.