Russian ruble exchange rate trend

The exchange rate of the Russian ruble against the dollar and the euro continued to rise. According to the data of Moscow Stock Exchange, the exchange rate of Russian ruble against the US dollar rose to 75.75 pairs 1 and against the euro rose to 8 1.45 pairs 1. Looking back over the past month or so, the ruble exchange rate has experienced great fluctuations.

On February 24th, Russia announced the launch of a special military operation. When the ruble began to show signs of rapid depreciation, the exchange rate against the US dollar fell below 80 to 1 that day, and then it went down all the way. On March 9th, it once fell below 120 to 1, a record low. However, Russia did not sit still, but took various measures to deal with sanctions.

Precautions:

After the war, due to the expectation that Russia could not bear the sanctions, international speculators made a large-scale short-selling operation on the ruble, and at the same time, western countries prevented the Russian central bank from doing more in the opposite direction by freezing accounts and assets, which led to the ruble plunging.

People soon discovered that western sanctions against Russia were a joke. Apart from plundering the legitimate property of the Russian government and Russian oligarchs, there are basically no sanctions against Russia's international trade and foreign exchange capital flows.