Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 73 , 05 March 2024


Open Access | Article

Navigating the Uncertain Waters: An Analysis of the Near Future Profitability of the Russian Ruble

Jiahui Li * 1
1 University of California San Diego

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 73, 27-32
Published 05 March 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Jiahui Li. Navigating the Uncertain Waters: An Analysis of the Near Future Profitability of the Russian Ruble. AEMPS (2024) Vol. 73: 27-32. DOI: 10.54254/2754-1169/73/20230906.

Abstract

This paper aims to provide a comprehensive analysis of the near future of the Russian ruble, with a particular focus on its potential profitability as an investment asset. Amidst a backdrop of political tensions, economic sanctions, and ineffective forex interventions by the Russian Central Bank, the ruble has experienced significant volatility. The paper examines key factors influencing the ruble’s value, including political climate, inflation, interest rates, and main exports. The study analyzes the causes and solutions of Russia’s three major devaluations since the dissolution of the Soviet Union in 1992. By analyzing historical exchange rate and other economic indicators, the paper scrutinizes the internal and external indicators of ruble’s devaluation and evaluates the various policy measures taken by the Central Banks of Russia to stabilize the currency, including redenomination and shifts in exchange rate mechanisms. The paper concludes that, given the current political and economic landscape, the profitability of investing in the Russian ruble is questionable and unrecommended. Through this multi-faceted approach, this paper aims to provide a nuanced understanding of Ruble’s past and present, thereby offering valuable insights for policymakers, investors, and scholars interested in the foreign exchange market of Ruble.

Keywords

Exchange Rate, Sanctions, Export, Devaluation

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-319-7
ISBN (Online)
978-1-83558-320-3
Published Date
05 March 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/73/20230906
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated