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Interesting facts
The current USD/RUB price tells you how many Russian rubles it would take to purchase a single US dollar. The ruble has been used in Russia since the 14th century, meaning it has outlasted both the Russian Empire and the Soviet Union. However, the modern currency RUB only came into being in 1998 when the Russian government devalued the ruble ahead of the Russian financial crisis. USD/RUB is an exotic currency pair, with RUB sitting outside of the ten most-traded currencies in the world.
Price drivers
USD and RUB are both free-floating currencies, so the pair’s price is driven by market supply and demand.
The US dollar tends to move based on economic data that may influence Federal Reserve monetary policy, such as the monthly non-farm payrolls employment report and GDP figures. Russia is a major oil producer, so the ruble can rise and fall due to oil price volatility, although geopolitics also plays a key role in its price action.
Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.
Bid
Ask
Daily
HIGH
LOW
Close
R3
R2
R1
S1
S2
S3
Weekly
HIGH
LOW
Close
R3
R2
R1
S1
S2
S3
Monthly
HIGH
LOW
Close
R3
R2
R1
S1
S2
S3
Understanding Pivot Points
Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can...Read More
