About Usd/Rub and Usd/Rub Trading
What type of currency pair is USD/RUB?
The USD/RUB is an exotic currency pair. It consists of a major currency (USD – the U.S Dollar) and the Russian Ruble - RUB. Unlike the U.S Dollar, the Ruble is considered a commodity currency, because of its strong connection to oil prices.
The Russian Ruble is the quote currency, and the U.S Dollar is the base currency. The USD/RUB currency pair shows traders how much the USD is worth when compared to the RUB.
Drivers for the USD/RUB currency pair
The USD/RUB pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
Additionally, the US dollar is the world's leading currency, and any change in its rate impacts many currencies throughout the world. Also, the USD/RUB live rate can be affected by shifting global energy prices, as both Russia and the U.S are major oil & natural gas producers. Tensions between the two countries and especially punitive measures taken against Russia tend to influence the pair's direction.
How can you trade the USD/RUB currency pair?
At CAPEX.com you can follow the USD/RUB live chart to trade on the price movements of this currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
When can you trade the USD/RUB pair?
Here at CAPEX.com you can trade the USD/RUB pair from Monday to Friday, between 07:05-16:00 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.