Exotic currency pairs include the currency of an emerging economy country such as USD/RUB (Russian Ruble) or USD/MXN (Mexican Peso). The exotic pairs are more volatile and less liquid than minors resulting in a higher transaction cost. Market Terminology Let’s look at the most important fore...
Russian economyforeign currencyexchange rate balance of paymentsThe BOP (Balance of Payments) sta s cs for Q1 2016 show considerable shrinkage of the current account surplus due to a decline in exports while imports saw their decline rate slow down. At the same time, the private sector saw ...
The lats first entered circulation in Latvia in 1922, when it replaced the Latvian ruble. Between 1922 and 1940, its value was pegged to thegold standardalthough this practice was interrupted by the occupation of Latvia by theSoviet Unionin 1940.3 In 1941, the Russian ruble became legal tender...
The second factor is the collapse of Russia’s currency, the ruble, which has lost half its value relative to the dollar over the past year. The fate of the ruble is tied closely to the price of oil, but it is a risk factor in its own right. Even if Russian stocks rally in local...
In 2014, economists in Canada reported that the influx of foreign capital related to the exploitation of the country's oil sands may have led to an overvalued currency and decreased competitiveness in the manufacturing sector. Simultaneously, the Russian ruble greatly appreciated for similar reasons....
Exchange rates help the world understand how much their own country's currency is worth on the international market and is found by dividing the value of a foreign currency against the going rate of their own. Learn more about global exchange rates and calculations used in currency conversions....
Economically, what is a price war? What influence does oil prices have on the economy of a country? What are some examples of Iran's "untrustworthy" nature that has sparked such backlash of a deal to lift economic sanctions? How much were Russian rubles worth regarding the U.S. d...
but Russia receives significantly less due to the “Urals discount”. This discount is caused by the perceived stigma of buying Russian products for some customers; they decline to bid for Russian oil, which reduces effective demand and lowers the price that the remaining customers need to pay....
Back in spring, when Russian equities were being dumped, I boughtYandex NV(YNDX), the leading Russian search engine that also operates in the Ukraine, Turkey and a few other countries. “What a bargain,” thought I, with Yandex nearly halved from its all-time highs. Russian stocks were be...
Two major currency crises hit in the 1990s: the Mexican peso crisis and the Russian ruble crisis. There were commonalities between the two crises, but...Become a member and unlock all Study Answers Start today. Try it now Create an a...