Quote:
Originally Posted by CyberSEO
No, it is not. It simple follows the oil prices. There is a very simple correlation: oil down - ruble down, oil up - ruble up.
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Here we go.... Mr. Cyber Russian Contraryness.... I knew id have to contend with you.
OK so a large part of this is to do with the falling oil price, and part is to do with the strong dollar but there is also a lot of fall out from Crimea, sanctions, a negative investment climate and so on. They are all contributing factors and I think a 40% fall over 1 year - its fair to call that a collapse or near enough.
http://finance.yahoo.com/echarts?s=U...=on&z=m&q=l&c=