Will the Russian Ruble reach an exchange rate of at least 100 against the USD before the end of October 2023?

Economics•Finance•Russia

1.3K

Ṁ18K

Ṁ650

resolved Aug 14

Resolved

YES

ALL

Bloomberg pricing will be decisive. One closing price (one day) above 100 is enough.

The current spot price (1 Aug 2023) is around 92 against the USD (the higher the fx rate, the weaker the Ruble)

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Yesterday’s close on Bloomberg was higher than 100.

bought Ṁ200 of YES

@YaroslavSobolev

@NicoGoethals

Not yet at 100 according to Bloomberg (see Description), but probably soon… 😉

predicted YES

@NicoGoethals Maybe now?

@YaroslavSobolev “One closing price above 100 is enough”, see Description. So, let’s wait for the Close today…

Will the USD/RUB exchange rate exceed 100 for at least 1 month in 2023?

55% chance. In the face of international sanctions, Russia has been attempting to keep the USD/RUB exchange rate down through monetary policy. The exchange rate peaked at 134 on March 11th, 2022, but fell to around ~60 for the latter half of 2022. Throughout 2023, it has been steadily rising. Will the USD/RUB exchange rate exceed 100 for a continuous period of 30 days in 2023? Resolves according to the prices displayed on Google Finance.

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