2 ms·
That's a huge spread, which is exactly what I was talking about. You buy 1$ for 63 rubles on that bank chances are the 2nd dollar will cost you 64 rubles. Need
by lostmsu 4y ago
That's a huge spread, which is exactly what I was talking about. You buy 1$ for 63 rubles on that bank chances are the 2nd dollar will cost you 64 rubles. Need to see the order book and market depths at different prices. High spread also means there haven't been many trades recently.
- s1artibartfast 4y agoDid you read the link? $703 million worth of rubles is being traded a week, and that is just yuan and just one exchange. So far you have changed your position from you can't trade it at all to the spread might become incrementally worse if trade exceeds 700 million US dollars worth a week
- lostmsu 4y agoFirst of all, that's the volume they claim themselves. Second, this exchange is in Russia. Can you actually move your "yuan" from that exchange to China or anywhere outside the country?