Currency Russian ruble.

The modern version of the Russian ruble appeared not so long ago in 1993, after which there was a constant change in the appearance of banknotes and improvements in protection against counterfeiting.

This monetary unit is not a freely convertible currency, but you can easily exchange it for other world currencies in many countries around the world. The ruble is especially popular in the countries of the former USSR, this is due to close economic and ethnic ties.

The Central Bank of the Russian Federation is responsible for ensuring the stability of the national monetary unit of Russia; it sets the boundaries of the currency corridor for the floating exchange rate of the ruble and, in the event of a breakdown, carries out interventions on the currency exchange.

The ruble exchange rate is influenced by the state of the economy and the political situation in the Russian Federation and its surrounding countries.

The ruble is a rather unstable currency and reacts with a sharp change in exchange rate to most news events.

Ruble on Forex.

Trading national currencies always has a number of advantages, because you are in the center of events and can easily analyze the realities around you.

Until recently, the Russian ruble was not a currency represented on Forex; due to low liquidity, it was difficult for brokers to organize the dealing process, as a result of which the spread exceeded all reasonable limits.

At the moment, the situation has improved significantly; the USD/RUB and EUR/RUB currency pairs have appeared in the arsenal of many Forex brokerage companies , which has reduced the spread size to 20-30 points and made ruble trading more realistic.

Such a spread practically eliminates the use of this instrument in scalping strategies , but still allows you to make money due to the instability of the monetary unit itself. Sharp price fluctuations can bring a trader up to several hundred points during just one session on the stock exchange.