Dips in the Russian currency have gatherered some attention lately - not only from the currency market, but also from a wider audience. However, the rouble isn't as weak as its exchange rate would indicate and it's largest sell-out is more likely an effect of speculation rather than the economic or geopolitical situation.
(...) The rouble has been a stable currency for the past 10 years, with most of the transactions being made at 25-35 RUB/USD. High petroleum prices, which ensure constant inflow of the currency, balanced budget, no GDP debt and low unemployment have resulted in the country being yet another standard exporter of raw materials.
Marcin Lipka, Cinkciarz.pl analyst