The conversion is at a very low rate making it a pretty good time to buy in bulk here in USA.
Euro to dollar
- Thread starter Thomas76
- Start date
hmmm?!!
Great - I'm in! What are we buying in bulk. 
Oh good the thing I wanted but didn’t need has sold!
I had some the mental math if 1,600 € plus crappy conversion rate plus shipping = get your priorities straight…
I had some the mental math if 1,600 € plus crappy conversion rate plus shipping = get your priorities straight…
Well, the Russian ruble hit a 2 year high today against the Euro.
It may mean many things, and most of them are not good.
It may mean many things, and most of them are not good.
Rek
Well-Known Member
Caused by the foreign purchase of Russian oil having to be in in rubles I would think.
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Rek
Well-Known Member
What did all that mean?
Rek
Well-Known Member
I go by standard economics rather than too complex speculation. Supply and demand are simple to understand. My thoughts were, why would anyone be buying rubles right now with the uncertainties affecting the economy and the liquidity via potentially failing banks. Well really only those who are forced the buy in a very large transaction, rubles to make the purchase. Oil/Gas?
Russia had money reserves of $B606 in March and $B611 by the end of April. That is indeed the energy export profits. If they get paid in rubles the demand for rubbles increases, if they get paid in dollars the supply of dollar increases in Russia. Both strengthen the ruble I believe. But I digress.
Explainer: EU's options to cut Russian oil imports - and their drawbacks
The European Union is considering options to cut imports of Russian oil as part of possible further sanctions against Moscow over its invasion of Ukraine, but none has been formally proposed as governments assess their impact.
