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FX.co ★ Ruble posts world’s second‑strongest gain against USD in October

Ruble posts world’s second‑strongest gain against USD in October

Ruble posts world’s second‑strongest gain against USD in October

The Russian ruble posted one of the strongest performances in global foreign exchange markets in October, finishing as the world’s second‑best‑performing currency against the US dollar. Calculations by RIA Novosti, based on international exchange data, show the ruble rose 4.65% over the month.

The Colombian peso topped the global ranking with an exact 5.0% gain versus the dollar. Norway’s krone completed the top three with a 4.05% increase. Also, among the five best performers were the Swedish krona (+1.73%) and the Canadian dollar (+1.59%).

At the opposite end of the table, the Mexican peso was the month’s weakest currency, sliding 4.39%. Other notable declines were logged in the Brazilian real (‑3.38%) and the Kazakh tenge (‑3.25%). Romania’s new leu and the new Taiwan dollar also weakened significantly by 2.58% and 2.33%, respectively.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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