(Bloomberg) -- It’s one thing for the ruble to get a beating, but when it starts to compete with the rand in the volatility space, it’s a different story.
ADVERTISEMENT
ADVERTISEMENT
The ruble’s one-month volatility jumped 2.6 percentage points, the most since May, to 11.9 percent, the highest among the world’s currencies after South Africa’s. The ruble’s swings are still about 80 basis points away from dethroning the rand, but it’s getting there.
©2018 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
Musk Makes Surprise China Visit, A Week After Nixing India
2
Boult Eyes Rs 1,000-Crore Revenue In Run-Up To 2025 IPO
3
Cholamandalam General Insurance Records Rs 7,598 Crore Gross Written Premium
4
Nigeria Is Pioneering A New Vaccine To Fight Meningitis. Why This Matters
5