4 ms·
He means that the local currency is set to depreciate by half in a span of a week. And the bottom might be far far lower.
by Andrew_nenakhov 5y ago
He means that the local currency is set to depreciate by half in a span of a week. And the bottom might be far far lower.
- notreallyserio 5y agoSo these figures are from different times as well as different banks? If so then cool, that was the missing piece.
- TestSIM1 5y agodifferent banks? - Yes. different times - No.
- notreallyserio 5y agoHow extremely odd. Wonder why the values haven't converged? Do people inside the country not have access to this information? What's stopping someone from buying 150 rubles for a dollar and then buying $1.40ish for those same 150 rubles?
- TestSIM1 5y agoI should have perhaps mentioned in the original post: 1$ = 152,3₽ (buying 1 US dollar) 1$ = 85,7₽ (selling 1 US dollar). Just because you pay 152₽ to buy 1$ doesn't mean you can sell it at the same price. At least banks won't buy it. According to banki.ru the best price for selling US dollar now is 94,00₽. Hope that clarifies it.
- notreallyserio 5y agoI see, the friction is in doing the reverse transaction. I guess you could find a buyer outside the traditional markets to complete the arbitrage transactions but that's going to be risky. Thanks for the clarification.
- Andrew_nenakhov 5y agoIn times of such turmoil the spread between buy and sell price becomes so vast that it'll shield the exchangers from such schemes.