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Oh, Nyet! Look At That Ruble Go...

Published 06/12/2022, 12:47 AM
Updated 07/09/2023, 06:31 AM

I can’t help but notice how Biden and other leaders aren’t mocking the Russian ruble (as they called it earlier this year, the “rubble”—heh) lately…………

RUB/USD Chart

Let that sink for for a bit. The Ruble has more than DOUBLED in value against the US dollar in a span of less than three months. For another way to look at it, check out the longer-term US dollar versus the Ruble.

Yes, it surged initially during the sanctions, but check it out now. The US dollar has been reduced to one-ply toilet paper. Quite a change, huh?

USD/RUB Chart

Latest comments

Dollar is way up over 6 mo. Ruble is experiencing extreme volatility. No surprise its up when they are a petro economy. As soon as oil comes back to earth the ruble will take a dump once and for all.
Nonsense! Russia can't afford this war and this is only the market manipulators making money off of the masses.
TOTALLY agree with you.
Another example of our foreign policy ineptitude
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