Hi there! After Russian ruble has fell and was exchanging for even 80 rubles per 1$ USD I so regretted that I didn't buy at least 10k $USD, would have like a lot's of rubles now, I'd find a use for them since I'm living in Russia & prices for goods, I'd buy, are still not that high! So if oil & gas prices in 2015 would fall down as I hear here & there, then I suppose our ruble will be totally crashed? Question is whether I should buy some dollars now for 55 rubles per dollar? Because even if ruble will be devalued at some point, I still will manage to use rubles for my good! What you guys think about ruble exchange rate with USD for Jan-March of 2015, like could it be even 150 rubles per 1$ USD? P.S. As I see it our ruble never will be 30-34 rubles per dollar ever again! =) Thank you George
You can buy a small amount, say 5%, of the total you want to buy. That gives them a good reason to move the price against you. Then you buy more when cheaper. There is probably a good chance it will fall to 80:1 again, or even cheaper. This is a long game and the attack on russia won't be over quickly. When russia start selling S400 missiles to iran or other countries, they might stop the attack and negotiate.
Ah, thank you, no, mate, I'm not a trader per se; going to be, though! Just want to speculate by simply buying dollars from a bank and see what happens! Will use bank as my broker, lol! Really don't want all the rubles we with my family have been wasted! I see your point about missiles, makes sense at some point. Well I think I won't lose having a bucks rather than rubles anyways, at best I'll get more ruble paper! =) Thanks, any other inputs are welcome!
At this point, it makes sense to diversify your currencies as the low oil effect has yet to impact the spending - the volatility isn't over yet.