this post was submitted on 23 Nov 2024
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"The Russian Ruble is even collapsing against the Ukrainian Hyrivnia Food for thought."

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[–] 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)
[–] 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.