Keep in mind that the y-axis starts on 2.3. The hryvnia has "only" increase by about 8% compared to the ruble. Good to see, but it's a far cry from a collapse yet.

[–] Buffalox 31 points 15 hours ago* (last edited 15 hours ago) (1 children)

“only” increase by about 8% compared to the ruble.

In 1 month, 8% is massive, especially since Russia has increased central bank interest rate to 21%. While Ukraine has lowered theirs from 16 to 13 this year.

[–] [email protected] 15 points 15 hours ago (1 children)

In 1 month, 8% is massive

Counterpoint, it's only been two weeks 🙃

[–] Buffalox 9 points 14 hours ago

Absolutely, the past 2 weeks were the really bad ones. I just went with the scale of the graph.

[–] khannie 12 points 15 hours ago (2 children)

I believe it's lost about 22% in value against major currencies since August (USD, Yuan).

[–] [email protected] 9 points 12 hours ago (1 children)

It's just about back to its March 2022 low before they introduced the capital controls and interest rate rises. So basically they've now pissed away all the central bank's work to stabilize the currency.

[–] khannie 5 points 9 hours ago (1 children)

Magnificent.

[–] KAYDUBELL 4 points 9 hours ago

You love to see it

[–] [email protected] 4 points 15 hours ago (1 children)

Might be true! I'm only saying that this specific graph is a bit misleading. Love to see it any way!

[–] Buffalox 2 points 15 hours ago (1 children)

It may seem misleading to you, but that's how currency and stock graphs are shown.

[–] [email protected] 4 points 14 hours ago

I know! But to lable it "collapse", when that's not what the graph shows, seeing where the y-axis starts, is still a bit misleading. It's bad, but not collapse bad yet.