Is Ruble strong?
The strength of a currency like the Russian ruble can fluctuate over time and is affected by a variety of economic, political, and other factors. Generally speaking, the ruble is considered to be a relatively weak currency.
One of the main reasons for this is the fact that Russia's economy is heavily dependent on the export of natural resources, such as oil and gas. When the prices of these commodities fall, it can have a negative impact on the ruble's value. Additionally, Russia has a history of political instability and economic mismanagement, which can also weigh on the ruble's value.
In a normal year, a strong ruble and weak euro would mean Southern Europe flooded with Russian tourists.2022 is not a normal year.Billions of badly needed revenue…gone.The ECB needs and act of God to get out of this mess… https://t.co/oj6AByJBf9— Santiago Capital (@SantiagoAuFund) July 5, 2022
Another reason the Ruble is considered weak is the country's high inflation rate that erodes the purchasing power of the currency.
However, it's important to note that the Ruble's strength is also influenced by global economic trends and events such as the US sanctions and the COVID-19 pandemics which have a significant impact on the country's economy. It's also worth noting that the Ruble's strength is also related to the country's political and economic situation, which can change rapidly.
In summary, the Ruble is generally considered to be a relatively weak currency, but its strength can fluctuate over time depending on a variety of factors.
the russian ruble is not strong, it is weak— ian bremmer (@ianbremmer) April 3, 2022
the ruble rally is about controls that impair convertibility. russia keeps adding controls, the ruble responds
these restrictions reflect ruble weakness; it can no longer be used for many things