At the beginning of August, you could get 84 rubles for $1, today you can get 91 rubles for $1. It’s certainly not “cratering” per that hyperbolic headline, but it’s not an insignificant change, especially since the exchange rate had otherwise been on a downward trend since April.
How is it cratering? Sure, exchange rates are showing ups and downs over the past year, but it’s not much more than a 10 USD spread.
https://www.google.com/finance/quote/USD-RUB?window=YTD
At the beginning of August, you could get 84 rubles for $1, today you can get 91 rubles for $1. It’s certainly not “cratering” per that hyperbolic headline, but it’s not an insignificant change, especially since the exchange rate had otherwise been on a downward trend since April.
How much would it be worth if not for Russian central bank intervention?