Kate Turlington + 44 KT September 27, 2018 (edited) Like Turkey's lira, the Russian Ruble was expected to take a hit from rising oil prices, but it's working out that way. Moscow has managed to triple the Ruble's correlation to crude. Edited September 27, 2018 by Kate Turlington Quote Share this post Link to post Share on other sites
Orion Aviation Fuels,LLC 0 TB October 20, 2018 Be sensitive.... Russia is a millenary nation,that has been in the same place for thousands of years...(MAGOG-See the Quran-Alexander the Macedonian ) On the other hand ,we have been here for ONLY 2-300 years. Never underestimate history....it is repetitive... Never underestimate what the Russians can do... Napoleon and Hitler lost the war in the same place,and for the same reasons.... Quote Share this post Link to post Share on other sites
Tomasz + 1,608 October 21, 2018 (edited) Rouble might have been at 50 rub per $ but russian government prefers a stable exchange rate around 60-65. So they buy foreign currency and put them in reserves. Without this exchanging thanks to very large trade surplus and positive current account rouble should probably strenghen a little bit. I think its about 20% too weak because of sanctions in comparison with fundamental value just look on Big Mac index. Edited October 21, 2018 by Tomasz Quote Share this post Link to post Share on other sites
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