The ruble is down about 30% since one month ago (and did not dive by half). The MOEX index did drop by nearly half, but was down about 35% when Russian authorities closed trading. Still, while the Russian exchange has remained closed, an investment trust traded on the LSE called “JP Morgan Russian Securities” was down ~85% a couple days ago! Also noteworthy: the ruble has been way down ever since 2014, due to a large drop in the price of crude oil, Russia’s main export, plus sanctions after Russia invaded of Crimea. In total, the ruble is down ~68% on the USD since June 2014, and down 79% from its high in mid-2008.
The ruble is down about 30% since one month ago (and did not dive by half). The MOEX index did drop by nearly half, but was down about 35% when Russian authorities closed trading. Still, while the Russian exchange has remained closed, an investment trust traded on the LSE called “JP Morgan Russian Securities” was down ~85% a couple days ago! Also noteworthy: the ruble has been way down ever since 2014, due to a large drop in the price of crude oil, Russia’s main export, plus sanctions after Russia invaded of Crimea. In total, the ruble is down ~68% on the USD since June 2014, and down 79% from its high in mid-2008.