Russian Ruble Becomes World’s Best-Performing Currency Against Dollar

The Russian ruble has strengthened sharply this quarter and has become the world's best-performing currency against the US dollar, according to Bloomberg. The agency reported that the ruble gained roughly 12% since the beginning of April, reaching around 72.6 rubles per dollar. On May 19, the over-the-counter dollar exchange rate briefly dropped below 71 rubles for the first time since February 2023.