• The Russian ruble was explicitly reported by Bloomberg as the world's best-performing currency against the U.S. dollar in the second quarter of 2026¹.
• Since early April 2026, the ruble has gained approximately 12% against the dollar, reaching around 72.6 rubles per dollar, its strongest level since early 2023²¹.
• The ruble's appreciation has outpaced traditional safe havens such as gold and other strong currencies including the Swedish krona and Swiss franc³⁴.
• Key drivers include surging oil and gas revenues following the outbreak of war in the Middle East, Russia's high benchmark interest rate of 21%, and strict capital controls that have limited outflows¹⁴².

Overall validity: 95%

1. Ruble leads world currencies in gains against dollar. That’s cutting into revenues for Russian exporters and the state budget. — Meduza
2. Russian Ruble - Quote - Chart - Historical Data - Trading Economics
3. Ruble is top performing currency as trade war hits US dollar | Financial Post
4. Russian rouble crowned world’s best-performing currency as dollar declines