Right now most of ads on my Twitter are those dropshipping scams where a $1 AliExpress trinket is sold as a $59 technology miracle and for some reason Elon allowed notes under those ads. It’s hilarious to see a paid ad with notes explaining that’s a scam that should be avoided
I’m not afraid to admit my ignorance; why are they using a green graph line going up to denote that the ruble is going down in value here? The context of the graph seems ambiguous. Is it because that’s actually denoting the value of USD in the equation? Or is the color in this particular instance irrelevant and it’s way too zoomed out to be very useful at a real-time level? I know the ruble is nose diving, so I’m not sure how to read this graph other than “96.41 rubles = 1 USD.”
I may be wrong but my interpretation of this is actually EUR/RUB as shown in the bottom left, so what you’re seeing is the trend of how many rubles to a euro. It used to be 50 or so rubles per euro a year ago, now it’s almost 100 (actually over 100 at time of writing). That means, after accounting for changes in the euros value over the last year, a euro gets you twice as much rubles as it did a year ago, which implies it’s worth half as much as it was (the ruble).
No, the chart shows Russian rubles to the US dollar. Notice how it says above the box in the lower left: Compare to. The number is cut off but you can still tell that EUR / RUB conversion is around 104 and some change. That’s what it’s close to right now:
You’re reading it correctly, but it will make more sense if you swap it around and say 1 USD = 96.41 RUB. The graph is the value of $1 in rubles. When USD can buy more RUB, the line goes up.
Yes, it’s converting another currency to rubles (at the bottom it’s suggesting euros to rubles and yen to rubles)
So it’s showing the rise in how many rubles you can buy for another currency. Used to get 50 rubles for a dollar, now it’s 94 rubles for a dollar. But green line goes up, so it must be good!
They are looking at the USD/Ruble chart. It’s green because the value of USD has gone up in comparison to the ruble.
If you were a Russian looking to buy USD as an investment this is the chart you would look at. Green means your USD account has gone up. This is the opposite of the chart you would want to look at to see the ruble’s value.
I think it’s green because it’s going up, even if it’s a bad thing the graph goes up and the software is programmed to show a green line if this goes up. I think that if the graph was made different (such as, USD to get a RUB) the line could be red.
The line is how many rubles per US dollar, likely. (I’m not looking too closely.) If the ruble falls in value, then you need more of them to buy a US dollar. See how that works?
A falling graph would be how many US dollars per ruble.
When I was in Seoul waiting for a connection flight to the US, I saw that some food on the menu at an airport restaurant cost like 10,000+ and I was like “Wtf, Korean people are so rich!”
Then my parents told me that’s about $10 in American Dollars. Me being a kid at the time, I was mind blown.
Most people in general don’t understand how exchange rates work. I love when gamers from different countries are talking about how much of a price difference a game is, when it isn’t any different at all.
I’ve definitely been high and misunderstood simple concepts before. But I handle that but not trying to have complicated discussions on world economics while I’m high. It’s pretty easy to avoid
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