The Ruble is now up almost 22% against the US Dollar year-to-date

Russian Ruble Extends Outperformance – Surges To Strongest Since November (ZeroHedge, April 15, 2015):

Isolated Russia continues to see its currency dramatically outperform the US Dollar. Breaking below 50 today, this is the strongest the Ruble has been since Nov 2014… The Ruble is now up almost 22% against the US Dollar year-to-date.

Strongest since November…

20150415_RUB

and best performing currency of the year…

20150415_RUB1

Charts: Bloomberg

1 thought on “The Ruble is now up almost 22% against the US Dollar year-to-date

  1. Well, lets see………Debt to GDP in the US has topped 100%. In the EU, every member has a debt to GDP in deeper triple numbers or worse. No attempt is evident any of them even pay mind to the awful debt level……

    Once a nation tops 100% of debt to GDP, that means every dollar of income is already spent……..

    Russia has a debt to GDP of 32%, they have paid down a full percentage from 33%-32% over the past 12 months. They have a budget excess of 68%.

    Who is in the stronger position?

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