Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

RUB shows worst performance amid oil market crash

RUB shows worst performance amid oil market crash

This March, the Russian ruble became the worst-performing currency in the world, having plunged by 28.59% in a single session against the US dollar. The ruble hit a four-year low against its American counterpart as oil prices crashed overnight following the breakdown of the Russia-Saudi Arabia pact to limit production. The currencies of most commodity-dependent economies are vulnerable to any instability in the energy market. The ruble is no exception as Russia still relies on energy exports for a large portion of its budget. However, Russia’s revenue from oil exports is denominated in US dollars, thus offsetting somehow the consequences of the weakening ruble. Besides, the Central Bank of Russia quickly responded to the ruble’s collapse by suspending its daily purchases of foreign currency for state reserves for 30 days. Still, analysts believe that the ruble has little or no chance of rebounding in the current conditions. Over the past few years, it has been one of the weakest currencies along with the Argentine peso and the Turkish Lira. This time, the ruble suffered the biggest losses among emerging markets currencies, leaving the Mexican peso far behind. Experts predict a drop to 100 rubles per US dollar unless some significant changes occur. 


See aslo