Re:1.0 USD = 158.3 Rub
by rapidlua on Monday March 07, 2022 @12:27PM
(#30590645)
This is fake. Sells at 105 right now. Edit: I have an account in a Russian bank and can purchase usd at this rate right now.
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If that's fake, you can make an easy 50% profit by arbitraging it. If you are somehow practically unable to arbitrage it, then you just discovered the reason why the conversion rates are so different.
Re:1.0 USD = 158.3 Rub
by waffleiron on Monday March 07, 2022 @12:32PM
(#30590735)
> If you are somehow practically unable to arbitrage it,
On the Wise page it says "Sending money to RUB with Wise is temporarily stopped." So yeah, that's why the rates are so different.
Could be that the marked is getting split because of the sanctions and internal prices are diverging.
Similar in Soviet times there was a special internal rate that was very disconnected from international.