Thread replies: 6
Thread images: 1
Thread images: 1
File: rubles[1].jpg (960KB, 1517x1012px) Image search:
[Google]
![rubles[1].jpg](https://i.imgur.com/Bj0vhtw.jpg "rubles[1]")
960KB, 1517x1012px
Considering you can now buy 88.19 Rubles for an Euro, would it be wise to start exchanging Euros for Rubles (actual cash) and convert back when Russia (inevitably) starts getting stronger?
I have no idea how this works this is just in layman terms or how I understand it can work.
>>
>>1091020
probably very inefficient to do this with actual physical cash... the spread you'll pay as a retail person will be huge
>>
>>1091020
Also I do understand that'd need to buy like 100 Euros worth of Rubles to make like 20-30 Euro profit when Rubles go back to ~40
>>
>>1091033
What would be a better way to do it?
>>
actually that would be very risky, russia will take even bigger hit if gas prices stay on similar level for the next year
just google 'forex' and read into it
>>
>>1091040
depends what you want to do - how long are you going to hold the position for etc...
I mean there are plenty of places where you could use a CFD - but you're be paying interest charges
there are Russian ruble ETFs
there are ETFs which will give you exposure to a bunch of Russian companies which should also benefit you if/when Russia improves
Thread posts: 6
Thread images: 1
Thread images: 1