SUMMARY: Short, generally the RUB performance can be explained by unlucky events and massive US and Western sanctions.
If there were no sanctions, the RUB could probably be a strong rival to the EUR.
Buy Bitcoin, it fixes this.
Bitcoin analysis below:
If there were no sanctions, the RUB could probably be a strong rival to the EUR.
Buy Bitcoin, it fixes this.
Bitcoin analysis below:
Note
Note, usually sanctions are administered by the Government/ Executive brand.In 2016, it was the first time a country had put into law/codified sanctions which means it will be almost impossible for any US government to remove the sanctions against Russia. Hence the crash in the RUB in 2016.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.