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A comment on Russian Ruble just lost ~30% of its value. Parent comment

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.

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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?
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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.

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