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What do you mean the Ruble is near zero? All charts I see show it higher against the dollar compared to a year ago. https://www.wsj.com/market-data/quotes/fx/RU

What do you mean the Ruble is near zero? All charts I see show it higher against the dollar compared to a year ago. https://www.wsj.com/market-data/quotes/fx/RUBUSD/historical-prices https://www.wsj.com/market-data/quotes/fx/RUBUSD/historical-...

thephyber 4y ago
I’m guessing that ForEx ratio is highly dependent upon where you are when you trade it and I would wager the volumes are low or non-existent in any country that has sanctioned Russian exports like oil, gas, and metals.
- kornhole 4y ago
  After the US seized Russian assets Russia started selling oil in Rubles. This forces its customers such as India and China to first buy Rubles usually with dollars.
  - thephyber 4y ago
    You just supported my points.