A foreign currency exchange bureau displays British sterling exchange rates in Moscow, Russia (Photographer: Andrey Rudakov/Bloomberg)  

Ruble Close to Unseating Rand as World's Most Volatile Currency

(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.

Ruble Close to Unseating Rand as World's Most Volatile Currency

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.

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