<p>Currently there are quite a few restrictions on US to Russia bank operations. The answer is that Google Finance <a href="https://www.google.com/intl/en/googlefinance/disclaimer/" rel="noreferrer">gets its data for the exchange rates</a> from a specific service, Morningstar, who are likely abiding by the sanctions and are no longer providing a quote.</p>
<p>If you check elsewhere, the price is different. E.g., at <a href="https://www.xe.com/currencycharts/?from=RUB&amp;to=USD" rel="noreferrer">xe.com</a> they currently have</p>
<p><a href="https://i.sstatic.net/XDSg2.png" rel="noreferrer"><img src="https://i.sstatic.net/XDSg2.png" alt="enter image description here" /></a></p>

CC BY-SA 4.0
2022-03-13T13:13:12.010Z
Even that graph does still have the same almost square-wave type pattern to it, though, which seems pretty odd.
reirab
CC BY-SA 4.0
2022-03-13T15:05:36.820Z
The square wave pattern is probably related to the Russian central bank interventions and Russian business hours.
fraxinus
CC BY-SA 4.0
2022-03-12T14:50:00.627Z
2022-03-12T14:50:00.627Z
Giskard
<p>I've been noticing that since Russian ruble started losing its value compared to other foreign currency, at some point it became at constant exchange rate of 1 RUB to 0.01 USD.
<br>That is, every day no matter how much value the ruble keeps losing, at the beginning of a new trading day it bumps back to 0.01 USD:<br />
<a href="https://i.sstatic.net/NWYm8.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/NWYm8.png" alt="enter image description here" /></a></p>
<p>This puts the ruble at an overall fixed value, since its previous day value is the same as new trading  day's value:</p>
<p><a href="https://i.sstatic.net/rEF4X.jpg" rel="nofollow noreferrer"><img src="https://i.sstatic.net/rEF4X.jpg" alt="enter image description here" /></a></p>
<p>I assume Russia's central bank is taking measures to stabilize their currency's value, but is there a reason for this specific value? And how is it possible to achieve a fixed exchange rate? Buying your own county's currency with your own foreign currency reserves?</p>

CC BY-SA 4.0
2022-03-13T21:04:56.987Z
Almost certainly because the banks have largely given up on the Rouble… Test that by trying both buying and selling a few…
Robbie Goodwin
<finance><international-economics><exchange-rates>
Why does Russian ruble conversion rate to USD remains constant at 1 to 0.01?
Pizza
# Why does Russian ruble conversion rate to USD remains constant at 1 to 0.01?

(Asked by: username_0 on 2022-03-12)

I've been noticing that since Russian ruble started losing its value compared to other foreign currency, at some point it became at constant exchange rate of 1 RUB to 0.01 USD.
  
That is, every day no matter how much value the ruble keeps losing, at the beginning of a new trading day it bumps back to 0.01 USD:  
[![enter image description here](https://i.sstatic.net/NWYm8.png)](https://i.sstatic.net/NWYm8.png)

This puts the ruble at an overall fixed value, since its previous day value is the same as new trading day's value:

[![enter image description here](https://i.sstatic.net/rEF4X.jpg)](https://i.sstatic.net/rEF4X.jpg)

I assume Russia's central bank is taking measures to stabilize their currency's value, but is there a reason for this specific value? And how is it possible to achieve a fixed exchange rate? Buying your own county's currency with your own foreign currency reserves?

**Tags:** finance, international-economics, exchange-rates

> **Comments:**
> **username_1**: Almost certainly because the banks have largely given up on the Rouble… Test that by trying both buying and selling a few…  

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## 1 answers

### Answer by username_2 on 2022-03-12. Score: 8 | Accepted answer

Currently there are quite a few restrictions on US to Russia bank operations. The answer is that Google Finance [gets its data for the exchange rates](https://www.google.com/intl/en/googlefinance/disclaimer/) from a specific service, Morningstar, who are likely abiding by the sanctions and are no longer providing a quote.

If you check elsewhere, the price is different. E.g., at [xe.com](https://www.xe.com/currencycharts/?from=RUB&to=USD) they currently have

[![enter image description here](https://i.sstatic.net/XDSg2.png)](https://i.sstatic.net/XDSg2.png)

> **Comments:**
> **username_3**: Even that graph does still have the same almost square-wave type pattern to it, though, which seems pretty odd.  
> **username_4**: The square wave pattern is probably related to the Russian central bank interventions and Russian business hours.  

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