- Aug 6, 2017
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The FocusEconomics panel projects the ruble will end this year at 72.2 per USD, before appreciating to 68.7 per USD by the end of 2021.
Russia Ruble Exchange Rate (USD to RUB) - News & Forecasts
In 2021 one (1) American dollar equaled 72 Rubles
Today the Ruble is worth 0.0075 United States Dollar.
Russian Ruble - 2022 Data - 1996-2021 Historical - 2023 Forecast - Quote - Chart
The Rubble will return to its precious value, it is just a matter of time.
If I have done the math correctly, if I buy 100,000 rubles at today’s value it will cost me (0.0075) X (100,000) = $750
When the Ruble returns to its previous value of 72 per dollar my return will be (100,000) X (72) = $72,000.
This would be a profit of (72,000-750) = $71,250
In short, I have turned an investment of $750 into $71,250.
The question will be how long will it take the Ruble to return to its previous value? A year, maybe two or three. Even so, what an investment that would be.
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Russia Ruble Exchange Rate (USD to RUB) - News & Forecasts
In 2021 one (1) American dollar equaled 72 Rubles
Today the Ruble is worth 0.0075 United States Dollar.
Russian Ruble - 2022 Data - 1996-2021 Historical - 2023 Forecast - Quote - Chart
The Rubble will return to its precious value, it is just a matter of time.
If I have done the math correctly, if I buy 100,000 rubles at today’s value it will cost me (0.0075) X (100,000) = $750
When the Ruble returns to its previous value of 72 per dollar my return will be (100,000) X (72) = $72,000.
This would be a profit of (72,000-750) = $71,250
In short, I have turned an investment of $750 into $71,250.
The question will be how long will it take the Ruble to return to its previous value? A year, maybe two or three. Even so, what an investment that would be.
-