Russian Ruble to USD chart

[Vassnti]

day charts and month are useless Peter C gave a better picture but if you really want to know the exchange rate that counts there is only one place to check

 

[tranquilium]

Taken on 2015/01/01, 11:26 AM Eastern Time
1 Day Trend

1 Month Trend

 

[tranquilium]

Taken on 2015/01/03, 1:23 PM Eastern Time
1 Day Trend

1 Month Trend

 

[nvKyleBrown]

Seriously guys, the hour-to-hour price is interesting if you're a currency trader. For everyone else, stick to the 1 mo or larger time scales. Every financial instrument bounces around a lot if you look at these small scale plots. You can only see trends on longer scales.

The ruble was 30 to the dollar in June. It 50 or 60 to the dollar now. That's interesting. The hourly bounce is a "who cares?" (unless, again, you are actually trading currency).

 

[tranquilium]

Taken on 2015/01/04, 11:47 AM Eastern Time
1 Day Trend

1Month Trend

 

[Gufi]

1 Day Trend

what is the trend and what do u think is the foreseeable future for the rouble?

 

[nvKyleBrown]

what is the trend and what do u think is the foreseeable future for the rouble?

The ruble goes up or down with oil, for the foreseeable future.

 

[Chinese-Dragon]

The ruble goes up or down with oil, for the foreseeable future.

Yes, the Ruble closely follows the price of oil.

And oil is going to be low for the foreseeable future.

The demand for oil is falling across the board. America is pumping their own oil, and Asia/Europe are in a slowdown.

OPEC is refusing to cut production, the Saudi government said they will not cut production even if oil falls to $20.

And the Saudis have enormous currency reserves, they can survive at low oil prices for many years.

 

[Wolfhound]

Yes, the Ruble closely follows the price of oil.

And oil is going to be low for the foreseeable future.

The demand for oil is falling across the board. America is pumping their own oil, and Asia/Europe are in a slowdown.

OPEC is refusing to cut production, the Saudi government said they will not cut production even if oil falls to $20.

And the Saudis have enormous currency reserves, they can survive at low oil prices for many years.

what is main reason for the falling of oils price?

 

[Audio]

Are the plateau's in these charts result of Russian central bank throwing foreign currency reserves to stabilize the ruble?

 

[Chinese-Dragon]

what is main reason for the falling of oils price?

LeveragedBuyout summed it up quite nicely here:

"To review, the oil price decline has been due to a confluence of several factors:

1) Increased US production
2) Increased non-OPEC production
3) Continued high levels of OPEC production
4) Decreasing demand due to slowing economic growth
5) Decreasing demand due to increasingly efficient energy use"

Basically high levels of oil production combined with slowing demand from Asia and Europe.

And no one wants to cut their own production, because no one wants to lose market share. OPEC is refusing to cut production, that's why the oil prices are continuing to fall.

 

[nvKyleBrown]

LeveragedBuyout summed it up quite nicely here:

"To review, the oil price decline has been due to a confluence of several factors:

1) Increased US production
2) Increased non-OPEC production
3) Continued high levels of OPEC production
4) Decreasing demand due to slowing economic growth
5) Decreasing demand due to increasingly efficient energy use"

Basically high levels of oil production combined with slowing demand from Asia and Europe.

And no one wants to cut their own production, because no one wants to lose market share. OPEC is refusing to cut production, that's why the oil prices are continuing to fall.

I agree, but this is PDF. Half the members can't believe anything that doesn't involve a conspiracy, preferably one against Pakistan. Or at least against Muslims. There are no confluences of circumstance, just plots, for them.

 

[ArsalanKhan21]

Russian Ruble is petro currency which moves with price of oil. The Russian invasion, occupation of Crimea and the resulting sanctions also had negative effect. Russia has huge foreign currency reserves and exports other products besides oil and gas. I dont think Russia will have deep recession due to sanctions and low ruble. Russian products just got cheaper by 40% I am sure other countries will buy Russian and non-petrolium exports will increase.

 

[tranquilium]

Taken on 2015/01/05, 12:51 PM Eastern Time
1 Day Trend

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[tranquilium]

Taken on 2015/01/05, 3:27 PM Eastern Time
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