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[QUOTE="Vlad RF, post: 198468, member: 61796"] [B][SIZE=5]How to Trade USD/RUB?[/SIZE][/B] [I]Author: Victor Gryazin[/I] [CENTER][IMG]https://roboforex.com/uploads/img/news/main/roboforex-header.jpg[/IMG] [B]Dear Clients and Partners,[/B][/CENTER] USD/RUB is an exotic currency pair, in which the quoting currency - the Russian ruble - is the most interesting. The article is devoted to the characteristics if the pair and peculiarities of trading it. [SIZE=5]General information about the ruble[/SIZE] Russian ruble is the currency of the Russian Federation. It is the second-oldest currency in the world after the British pound. The modern ruble appeared in 1991. Later it underwent two monetary reforms: in 1993 and 1998. Since 2014, its exchange rate has been “floating”, which means it fully depends on the demand and supply in the currency market. The Russian ruble is controlled by the Central bank of Russia along the regulations of the International Monetary Fund. Note that this monetary policy is explained by the development of Russian independent economy. The Russian ruble takes the 18th place, or 0.70%, in the global currency turnover. To compare, the US dollar is number 1, taking up to 40% of the turnover; next goes the euro (30%), yuan (1.5%). [SIZE=5]Trading peculiarities of the Russian ruble[/SIZE] On global trading platforms, the ruble is traded against the USD and EUR. Its trading peculiarities would be: [LIST] [*]Periodic influence of Western sanctions since 2014; [*]Periodic influence of the commodity sector on the whole of Russian economy. [/LIST] Both factors reflect in the exchange rate of the Russian ruble. Forex charts demonstrate quite significant volatility in the times of such events. [img]https://blog.roboforex.com/wp-content/uploads/2021/08/%D1%80%D0%B8%D1%81-1-1200x577.png[/img] In this chart, we can see the pair sky-rocketing in 2014 due to the Ukrainian events and imposing sanctions on Russia. The growth lasted for almost 2 years. If the average daily volatility is about 30-50 kopecks, during that period it kept growing, reaching 27 rubles at times. Only the decisiveness of the CB and interest rates lifted by 17% managed to stop this. [URL=https://blog.roboforex.com/blog/2021/08/13/how-to-trade-usd-rub/?utm_source=earnforex.com&utm_medium=cpc&utm_campaign=rf_en_external_forums_blog&utm_content=text]Read more at R Blog - RoboForex[/URL] [B]Sincerely, RoboForex team[/B] [/QUOTE]
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