Since this year, the Russian ruble exchange rate has experienced a "roller coaster" like the market, due to the impact of the situation in Russia and Ukraine, the ruble suffered a significant decline, and a record, the depreciation rate reached a relatively rare in history, the exchange rate of the RMB showed a unilateral downward market, the cumulative depreciation rate to a record high, therefore, also prompted many investors have to bottom the ruble, waiting for the rebound back up to earn a wave.
It is worth saying that in mid-March, the ruble finally opened a rebound mode, exchange rate to RMB gradually climb, and smoothly break through the major conventional averages, which is basically in line with the initial expectations of most investors, returns also gradually increased, the ruble rebound signs are more prominent. Since then, after a period of adjustment, the ruble began to rebound again, boosting the ruble's main impetus for the upward trend is the news level.
Specifically, the recent news of Russian President Vladimir Putin's demand to pay for gas in rubles has to some extent greatly boosted the ruble's movement, soaring 60% against the yuan. Take for example the reopening of the Russian stock market, which jumped 10% straight up. Mainly reflecting the ruble exchange rate under the influence of Putin's order for Europe to buy Russian gas in rubles, the market reversed overnight in an island shape, which fully the strength of this news.
At the same time, gas prices in Europe soared 34% after Russia announced ruble payments for gas from "unfriendly countries" and the ruble rebounded significantly against the U.S. dollar and the Chinese yuan, indicating the effectiveness of Russia's continued counterattack. Of course, after the significant appreciation of the ruble, some netizens said that the bottom of the ruble is the biggest investment in the first quarter of this year, it can be seen in others are afraid to pluck up the courage to intervene in the market, and finally be able to get good returns, but investment is risky, the key to see whether investors can afford it.
Since Russia announced that for gas exports to certain Western countries, the settlement currency will be converted to Russia's national currency, the ruble. In order to avoid the huge selling pressure after the restart of the stock market, Russia took a series of measures, including a ban on short selling and a trillion ruble "bailout", which prompted The Russian stock market rebounded and rallied.
In terms of the ruble exchange rate. Russian gas exports were previously settled mostly in euros, and now the switch to ruble settlement will drive outside market demand for the ruble, thus supporting the ruble exchange rate to a greater extent. The ruble surged 60% against the yuan during the trading day after the news of the requirement to pay for gas in rubles was exposed, hitting a new high this year.
To sum up, the recent Russian ruble has appreciated significantly and jumped 60% against the yuan, simply because Russia has asked to pay for natural gas exports in rubles, which will boost the market demand for rubles in Western countries, so boosting the ruble exchange rate trend, rebounding back up momentum, plus this news is significant, so it has caused shockwaves in various circles such as investment, which also means that Russia has fired the first shot to end the dollar hegemony, and natural gas exports will directly bypass the euro and the dollar.
(This article was originally written by honestly said the wind and clouds, welcome to pay attention, bring everyone together to increase knowledge.)