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If this is true, why is the ruble relatively stable at 100 rubles to 1 usd, versus where it was a week ago at 140? (Serious question, I'm not trying to be snar
by harambae 5y ago
If this is true, why is the ruble relatively stable at 100 rubles to 1 usd, versus where it was a week ago at 140?
(Serious question, I'm not trying to be snarky. Does anyone understand currency trading here?)
- WinterMount223 5y agoNot every market is a free market. Also there’s not only one rubles market rate.
- Arnt 5y agoThe ruble would fall if there enough people who ① have rubles that they ② legally may sell and ③ a need to sell them soonish even at bad rates. All three conditions are necessary. People with rubles are either in Russia or outside it. My guess is those in Russia may not legally sell, and that few of those outside are in a hurry to sell.
- harambae 5y agoI guess this answers part of it https://www.wsj.com/amp/articles/how-russias-central-bank-engineered-the-rubles-rebound-11648458200 https://www.wsj.com/amp/articles/how-russias-central-bank-en...