In a surprising turn of events, the Russian ruble has emerged as the strongest major currency globally, trading at approximately 78 per US dollar in 2025. This significant rise highlights the currency's resilience amidst challenging economic conditions, as noted in the material.
Ruble's Impressive Increase
The ruble's impressive increase of around 45% against the US dollar represents its largest annual gain since at least 1994. Analysts attribute this surge to a notable decline in demand for foreign currency within Russia, coupled with high borrowing costs enforced by the central bank.
Challenges of a Strong Ruble
However, this newfound strength comes with its own set of challenges. Exporters are feeling the pinch as the strong ruble makes Russian goods more expensive on the international market. Additionally, the tightening of state finances is becoming a concern, especially given the ongoing heavy expenditures related to military operations.
As the Russian ruble strengthens significantly, gold prices have also surged, reaching an all-time high amid global tensions. For more details on this trend, see the full article here.
