FX Market In Russia

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1. What factors would you consider as an important for changing Russian ruble value?

2. About changing what conditions you would be most concerned about (macroeconomic in Russia or other countries, or some other factors)

3. Also, think about which currency (such as USD, EUR, or others) you see as the safest bet for trade.

Answer: The Russian Ruble is said to be the official currency of the Russia and also one of the largest currencies of the world. Its most common exchange rate is RUB/USD. After reading the article, we can say that the main reason behind the decline of the Russian currency has been the decline in the prices of the global oil. There are other factors also which have a considerable effect on theRussian currency which are the interest rates in Russia, stock market development and also of the USD exchange rate. The price of gold has also affected the value of the Russian Ruble. One more factor is that the stock market has developed a lot and this would help in attracting the foreign capital and would ultimately cause the appreciation of Ruble.

The changing condition which I would to be most concerned about is whether the USD exchange rate is appreciating or depreciating. This is because the USA exchange rate impacts a lot of other currencies. Amongst, all the currencies, one currency that I find is the safest to trade in is the USD. The USD exchange rates have seen a favourable trend in the recent past and is expected to provide feasible returns in the future.

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