“The ruble was trading at roughly 85 to the U.S. dollar, roughly where it was before Russia started its invasion a month ago. The ruble had fallen as low as roughly 150 to the dollar on March 7, when news emerged that the Biden administration would ban U.S. imports of Russian oil and gas.”
I hadn’t known what the Rubble status was prior to the
sanctions, but it doesn’t surprise me. Currencies seem
pretty robust generally. If something big happens, they
rebound rather quickly.
That won’t stop a drop because of runaway inflation though.
Should that happen to us, ouch!