The Russian ruble has made a surprising breakthrough. According to CNBC, the ruble has been named the most effective currency of 2025. It is a major win for Russia’s currency!
The ruble has delivered an impressive performance this year, prompting analysts to highlight its remarkable strength. “The Russian ruble has staged a stunning rally in 2025, emerging as the world's top-performing currency so far this year. In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising,” CNBC wrote.
CNBC also referenced research from Bank of America, which showed that the ruble had posted the strongest global performance in 2025, gaining nearly 40%. Experts attribute the currency’s rally to capital controls and tight monetary policy. The ruble also benefited from a weaker US dollar.
Earlier, Elvira Nabiullina, the head of the Bank of Russia, pointed to another key factor behind the ruble’s surge. It is high interest rates.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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