Russian ruble to grow in Q1, 2016
The Deputy Finance Minister of Russia Alexei Moiseev expects growth of the ruble in the first quarter next year. The ruble is always stronger in the first half. If you look over the last 20 years, the best period for the ruble was the end of February and mid-May, - said Moiseev. The Russian national currency weakened on average by 25% during the three summer months. Sharp jumps of the course occurred in August: from 3 to 24 the dollar rose by 16% against the ruble and from August 24 to September 1 fell by more than 10%.