Random quote: If you chase two rabbits, you will not catch either one - Russian Proverb
- (Added by: Chris) |
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Extreme Veteran
Posts: 518
| That was harsh Mel!! Do you think I should start a business flogging tee shirts?
Unfortunately, this graph doesn't predict the future rates, but I thought it was interesting:
http://www.x-convert.com/chart/GBP-RUB?period=10y
Peter | |
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Expert
Posts: 3195
   
Location: Volgograd & Moscow | Well, the Rouble rate is very dependent on the oil price, as oil prices have dropped over the last couple of month, so has the strength of the Rouble.
Now oil prices are starting to go up, so the Rouble is strengthening.
I watch the Rouble rate very closely and I didn't think it would hit 52, but it did - medium term I see it settling down to about 48, so now is a good time to buy Rouble assets.
But then, I may be wrong!!!
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