USDRUB - US Dollar / Russian Ruble
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The USD/RUB combination links two of the largest and most affluent economies in the world: the United States and Russia. The performance of the pair is heavily dependent upon the correlation between the two economies, yet this pair is erratic, volatile and hard to predict. Largely unsuited to the inexperienced trader, USD/RUB can nonetheless offer the opportunity for substantial profits when placed in the hands of an experienced investor.
The monetary policy of the Russian Central Bank and the US Federal Reserve System strongly influences the pair. Raising the key rate in Russia leads to a decline in the US currency. In turn, raising the US government rates leads to the strengthening of the US dollar against other banknotes, including the ruble.
Indirectly, but the USD/RUB rate also depends on the euro, because if the European currency falls, then the dollar strengthens, and not only against the euro but also against other currencies, including the ruble.
If you are interested in trading the USD/RUB currency pair, contact FxPro today and open trading account in several minutes to test your trading strategy.