Re:Europe is in danger of rolling electricity shortages
by kennend3 on Sunday September 25, 2022 @02:49PM
(#32974634)
> how is the ruble doing on international currency exchange?
I always find it strange when people post comments like this. It is a clear indicator you don't understand financial markets.
If you were to look at the data yourself, you would see in Oct 2017 it was 58.11 and in Oct 2022 it is 57.88 (vs USD)
In your opinion, what does this indicate? FX is always "Currency vs currency", so has the Ruble weakened? Perhaps the US dollar strengthened? What caused the change? Is the change even meaningful?
Is the change "market driven" or has the state intervened?
It looks like the state has been actively defending it, so what is your actual point?
I always find it strange when people post comments like this. It is a clear indicator you don't understand financial markets.
If you were to look at the data yourself, you would see in Oct 2017 it was 58.11 and in Oct 2022 it is 57.88 (vs USD)
In your opinion, what does this indicate? FX is always "Currency vs currency", so has the Ruble weakened? Perhaps the US dollar strengthened? What caused the change? Is the change even meaningful?
Is the change "market driven" or has the state intervened?
It looks like the state has been actively defending it, so what is your actual point?