The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
Analysts suggest that the ruble’s remarkable performance is largely due to the absence of capital outflows that typically occur when global investors pull back from riskier markets. This trend has been exacerbated by ongoing geopolitical tensions and trade conflicts, which have resulted in a weaker US dollar. Additionally, Russia’s high key interest rate has provided further support to the ruble, making it more attractive to investors compared to other currencies.
Experts point out that the ruble’s strength is also a result of the broader economic environment, particularly the ongoing “tariff wars” under U.S. President Donald Trump, which have contributed to the dollar’s recent downturn. As global uncertainty continues to impact the value of major currencies, the ruble’s rise underscores the shifting dynamics of the international currency markets.
Despite the ruble’s strong performance, analysts caution that its future trajectory remains closely tied to the evolving global economic landscape, particularly trade relations and the impact of U.S. monetary policy. Nevertheless, the ruble’s exceptional growth in 2025 highlights its increasing resilience in the face of ongoing global volatility.
Read next
22:36
Ukraine-Russia War
President Vladimir Putin’s announcement of a temporary Easter ceasefire in Ukraine has drawn strong criticism from Kyiv, as Ukrainian leaders question the sincerity behind Moscow’s gesture amid continued hostilities and deep mistrust.
22:29
Ukraine-Russia War
President Volodymyr Zelenskyy has denounced a Russian drone strike that occurred just hours after the start of a declared Easter truce, calling it proof of Vladimir Putin’s blatant disregard for both the holiday and human life.
21:45
Elon Musk
Elon Musk announced on Saturday that he plans to visit India later this year, following a discussion with Indian Prime Minister Narendra Modi about potential collaboration in technology and innovation.
15:39
Mount Etna
Mount Etna, one of the world's most active volcanoes, erupted once more early on Saturday, with ash and lava spewing from the southeastern crater. The eruption, which began late Friday night, continued through midday, local sources reported.
13:59
The Holy Fire
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
What is your opinion on this topic?
Leave the first comment