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To: Cronos

Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency

https://finance.yahoo.com/news/ruble-surpasses-brazil-real-best-162446964.html


2 posted on 05/12/2022 8:14:15 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Travis McGee
https://finance.yahoo.com/quote/RUB=X/. The headlines are sensationalist drivel. Look at the 1 or 5 year chart.

Right now the Rubble is currently 65:1 to the dollar. On March 10 it was at 138.7:1, so Russia made corrections. Last year at this time it was at 73.4:1. The Ruble is in a state of flux over the war. Its so called "best performance" is really a recovery due to actions of the Russian government and market action. A few months from now and the picture will be different.

35 posted on 05/12/2022 9:15:22 AM PDT by Widget Jr
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