Re:Russian Ruble just lost ~30% of its value
by 323 on Sunday February 27, 2022 @08:36PM
(#30495131)
Where do you buy the rubles from, all forex brokers announced that they are suspending ruble trading for the moment.
Re:Russian Ruble just lost ~30% of its value
by tempestn on Sunday February 27, 2022 @08:41PM
(#30495186)
Exactly, and that's why the apparent discrepancy is there. Pretty much any time there's an apparent large arbitrage opportunity one will find that there's a barrier (or significant cost) to actually executing it, or it already would have been arbitraged away.
Re:Russian Ruble just lost ~30% of its value
by jacquesm on Sunday February 27, 2022 @08:43PM
(#30495204)
If you want to buy rubles with USD how do you propose to do so without kayaking your way to Russia first?
Re:Russian Ruble just lost ~30% of its value
by UnpossibleJim on Sunday February 27, 2022 @08:57PM
(#30495328)
USD => Chinese Yuan => Russian Ruble?
Re:Russian Ruble just lost ~30% of its value
by jacquesm on Sunday February 27, 2022 @09:02PM
(#30495374)
If you feel that the risks associated with evading these sanctions are worth the gain then you are a lot braver than I am, and besides that I would not want to profit of all this misery anyway.
Re:Russian Ruble just lost ~30% of its value
by kasey_junk on Sunday February 27, 2022 @10:07PM
(#30495890)
Chinese Yuan is an extremely unpopular currency corridor because a) there is no market for it, it’s effectively a peg and b) it’s divorced from usage in the country it’s supposedly from.
That is to say you’ll pay a gigantic premium on that trade.
Re:Russian Ruble just lost ~30% of its value
by UnpossibleJim on Sunday February 27, 2022 @10:24PM
(#30496022)
Ok, so you'd end up flat at best and the whole thing would be a wash dollar wise while still putting you on a bunch of watch lists. Is that what I'm getting out of this?
Re:Russian Ruble just lost ~30% of its value
by kasey_junk on Sunday February 27, 2022 @10:32PM
(#30496070)
I don’t know enough about that particular corridor to know what the specific outcomes would be.
That said, my impression is that flat would be tough and liquidity would be a real problem.
Re:Russian Ruble just lost ~30% of its value
by intunderflow on Sunday February 27, 2022 @08:44PM
(#30495213)
Find an answer to that question to collect a tidy profit ;)
Re:Russian Ruble just lost ~30% of its value
by stavros on Sunday February 27, 2022 @08:59PM
(#30495348)
The Bering strait isn't that wide, come on.
I would do it but I expect I'd be beaten to it with how long it would take to open an account at Binance