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 33 points 2 months ago* (last edited 2 months 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] 16 points 2 months ago (1 children)

In 1 month, 8% is massive

Counterpoint, it's only been two weeks 🙃

[–] Buffalox 9 points 2 months ago

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

[–] khannie 14 points 2 months ago (2 children)

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

[–] [email protected] 12 points 2 months 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 8 points 2 months ago (1 children)

Magnificent.

[–] KAYDUBELL 7 points 2 months ago

You love to see it

[–] [email protected] 4 points 2 months 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 1 points 2 months ago (1 children)

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

[–] [email protected] 4 points 2 months 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.