this post was submitted on 23 Nov 2024
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Keep in mind that the y-axis starts on 2.3. The hryvnia has "only" increase by about 8% compared to the ruble. Good to see, but it's a far cry from a collapse yet.
I believe it's lost about 22% in value against major currencies since August (USD, Yuan).
It's just about back to its March 2022 low before they introduced the capital controls and interest rate rises. So basically they've now pissed away all the central bank's work to stabilize the currency.
Magnificent.
You love to see it