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
23:00
tariff talks
U.S. President Donald Trump will personally attend a key meeting with Japanese trade officials on Wednesday, signaling his direct involvement in negotiations stemming from his recent wave of tariffs on global imports.
22:30
Election Delay
Kyrgyz President Sadyr Japarov has postponed the next presidential election by several months, fueling speculation about his intention to seek a second term. The move allows him to complete his full six-year mandate and marks a potential shift toward greater political consolidation.
21:51
Congo
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
17:20
China and Vietnam
The Chinese and Vietnamese navies have launched a week-long joint patrol in the Gulf of Tonkin, a move aimed at deepening maritime cooperation between the two countries.
17:00
EstLink 2
Finnish power grid operator Fingrid announced on Wednesday that repairs to the damaged EstLink 2 subsea power line, which connects Finland and Estonia, will begin in May, with the line expected to return to commercial use by July 15, 2025.
What is your opinion on this topic?
Leave the first comment