The US Dollar vs. Russian Ruble is a currency pair traded on the forex market. It represents the currency of two rival economies of the world, i.e., the USD, the currency of America, and the Ruble, the currency of Russia.

What is USDRUB?

The USDRUB is an exotic pair where the USD serves as the base currency and the RUB as the quoted currency. The USD is the world's strongest currency on the forex market and is a benchmark for many countries. Besides, it is also a reserve currency, and when there's uncertainty in the market, traders seek refuge in USD. Therefore, it's a safe haven for traders and investors. On the other hand, Russia is also a strong economy and one of the world's leading crude oil producers. Any oil value changes directly impact the currency and the currency pair. Besides oil prices, several other factors also cause the exchange rate to change with time. These factors include geopolitical situations, interest rates, and economic development. Understanding these aspects is vital for those who want to know how to invest in USDRUB.

How does USDRUB work?

The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDRUB. It gives access to the simulation of real-time market conditions without financial risks. The currency pair works via trading the pair in the forex market. Trading involves buying the pair, which means purchasing USDs or selling the pair, which means selling USDs. The traders perform these actions using various strategies such as scalping, carry trading, hedging, trend trading, breakout trading, range trading, etc. In this way, they take advantage of the market conditions, manage risk, and generate profit from the price movements.

USDRUB price history

The USDRUB price keeps fluctuating; therefore, knowing its past performance might be helpful for traders. That's why the pair's performance from 2018-2022 is listed below.

2018

The year started with the exchange rate at 57.7656 RUB and ended at 69.2062 NOK. The year's best and worst values were 70.5667 on 1st September and 55.6619 NOK on 26th February 2020, averaging 62.8215 RUB.

2019

On 1st January 2019, the USDRUB exchange rate was 69.176 RUB; on 31st December, it dropped to 62.0452 RUB, averaging 64.6906 RUB. The best and the worst rates were on 1st January and 25th December 2019, i.e.61.8471 RUB.

2020

At the beginning of the year, the USDRUB was at 61.8659; its price jumped to 73.9462 USB by year's end. The highest and the lowest exchange rate was 81.0037 RUB on 18 Mar 2020 and 61.0149 RUB on 12 Jan 2020. The annual mean exchange rate was 72.3167.

2021

The year commenced with 73.9468 RUB and closed with 74.7889 RUB, with an annual mean of 73.7032 RUB. Moreover, the maximum rate was 77.4283 RUB on 11th April and the minimum of 69.5185 RUB on 26th October 2021.

2022

At the start, the USDRUB price was 74.7889 PLN and 73.75 at the end, with an Annual exchange rate of 69.8957 RUB. Moreover, on 7th March 2022, the best rate of 142.6404 RUB was recorded; on 29th June 2018, 52.5001 PLN was the lowest exchange rate value.

Current USDRUB price

The current USDRUB price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is USDRUB a good investment?

Whether USDRUB is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.

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