Quote from: pooya87 on Today at 07:26:26 AM

Sorry to go off-topic but it was an interesting observation that I can only explain as market manipulation (I'd love it if someone could explain any other reason opposite of what I said).

Pretty simple!

In Russia, everyone tries to get dollars including the government which banned dollars purchases, driving a black market which in some reported cases goes to 300 rubles for a dollar, the government is desperate for foreign currency and the lack of it does what you see happening.
In Ukraine, the country is flooded with billions in aid, poeple received a ton of donations which have to be converted in local currency, doing the exact opposite as it happens in Russia, driving the offset between demand and offer down, just the proposed help to date is about 1/3 of the monetary mass in the country.

Besides, unlike Russia, Ukraine has the definitive backing of two major real global powers, that makeup half of the world GDP, nominal as PPP has zero importance when it comes to exchanging rates, what Russia has is a fear of backstabbing by the 3rd largest. Wink

Also, neither Venezuela nor Iran nor Turkey nor Argentina got into a war on home ground, their currencies are still shit.