eToro
By eToro
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Introducing the Russian Ruble and the Chinese Yuan to our currency selection!

Hi all,

We wanted to let you know that, we will soon be adding a few of the most volatile instruments in the currencies market to our offering, starting with the Russian Ruble and the Chinese Yuan!

Both new currencies will be available for trading on Monday, October 20th.

The Russian and Chinese currencies are considered to be two of the world’s most volatile currencies, and for those of you who like to follow global changes, they’re a dream come true. Not only are these currencies just about as volatile as it gets, but the governments that are behind these currencies are taking an active part in changing the world as we know it. China is becoming one of the economically strongest nations on Earth, while Russia is rising to prominence in the financial sector and remains one of the world’s most powerful resource holders.

For those of you who are not too familiar with these currencies, take a look at how both performed in the last 6 months alone.

Ruble:

usdrub chart etoro

As you can see, the Ruble has lost 11% of its value in just 3 months, due to Russia’s activities in the Ukraine and the subsequent international sanctions. Unpredictability has been the trademark of Putin’s regime, and the same goes for its currency, which has been known to dive or skyrocket at the drop of a hat.

Yuan:

usdcnh chart etoro

China has been experiencing the most significant growth spurt among of all national economies for the past decade, and their currency is a great reflection of this. However the US will not give up their hold of the West without a fight. Let’s not forget that China doesn’t even allow Google to operate on its soil. So, will the East conquer the West? How do you think this will end?

Important note: Due to the volatility of these two currencies, they will be available for trading only with variable spreads. Variable spreads mean that the spreads at the time you close the position might vary from the spreads at the time the position was opened.

Where do YOU see these currencies in a year’s time?

 

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