How to trade
USD/RUB

Trading USDRUB is to engage with a currency pair between the United States and Russia. Everybody involved in the market or eager to understand how to trade USDRUB must remember that geopolitical, economic, and commodity-based dynamics strongly influence this asset.

How to trade USDRUB?

Traders looking at the USDRUB pair must consider a multitude of factors. For those less experienced, it might be a problem. That’s why the SimpleFX platform provides both novice and professional traders with a demo account. It enables them to understand how to trade USDRUB in a risk-free environment yet gives them a chance to conduct thorough analysis with multiple tools available on SimpleFX.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade USDRUB?

There is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is The USDRUB price going up or down?

It is impossible to precisely predict whether the USDRUB price is going up or down due to many factors impacting those movements. However, investors must keep tabs on these aspects from both sides. That includes interest rate changes by the Federal Reserve, GDP growth rates, and unemployment data. On the other hand, the Russian Ruble is closely linked to the country’s vast natural resources, particularly oil and natural gas, which are essential to Russia’s export economy.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current USDRUB price on the chart above or the SimpleFX platform.

Is USDRUB a popular currency pair?

USDRUB is an exotic currency pair with a one-of-a-kind characteristic, especially for traders who specialize in or are interested in the Russian economy. Yet, investors must pay attention to typically higher risks compared to other currency pairs due to geopolitical uncertainty.