Former FX trader here. A 50% collapse is huge, especially over such a short time. It's not like some WSB stock that represents just one little company, this is

Former FX trader here. A 50% collapse is huge, especially over such a short time. It's not like some WSB stock that represents just one little company, this is a whole economy. Now I'm not familiar with what exactly is allowed and now allowed now that they've been disconnected from SWIFT, so that's something someone at a bank might want to answer. One thing to look at that this might be temporary. If the sanctions work and Putin gets deposed, or if he wins and the West decide to just go back to normal and buy his natural gas, then you kinda want to have bought a bunch of Rubles cheaply that you can use in the post-war Russian economy. Those Rubles will suddenly become worth a lot more, which speculators will be thinking about. It's a bit of a question whether you can collect interest on your carry trade, but if you can and rates stay high you might think it a worthwhile investment.