US EditionRussian Ruble Surges, Becoming World’s Best-Performing Currency
- Russia's ruble has become the best-performing currency of 2025, gaining 38% against the US dollar due to greenback weakness and increased interest rates.
- Russia's central bank raised interest rates to 21% to combat inflation driven by military spending, attracting foreign investors and increasing demand for the ruble.
- Despite the ruble's strength, it may harm the Russian government's budget by diminishing export revenue and competitiveness.
- Russia recorded a trade surplus of $18.5 billion in the first two months of 2025, largely attributed to decreased imports and increased conversions of foreign currency into rubles by exporters.
20 Articles
20 Articles
Russian ruble becomes top-performing currency amid Trump trade war, peace hopes
The Russian ruble has posted the world's strongest gains against the U.S. dollar in 2025, surpassing traditional safe-haven assets like gold, Bloomberg reported on April 15.According to Bloomberg's calculations, the ruble has appreciated by 38% against the dollar in the over-the-counter market since the start of the year, outpacing gold's 23% rise. The surge comes amid a combination of domestic policy measures, a weakening dollar driven by U.S. …
The rouble strengthened against the dollar
The note refers that in this way the Russian currency currently became the most profitable in the world due to the weakening of the US dollar amid new tariffs from the North American country. Unlike many other emerging market currencies, the rouble is not under pressure from capital outflows caused by global investors’ shift away from riskier assets, said T-Investments economist Sofia Donets. And according to, head of research and equity managem…
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