Russian Ruble Emerges as Strongest Currency Against Dollar in 2025

In 2025, the Russian ruble has remarkably risen to lead global currencies against the US dollar, achieving a gain of approximately 44.2%, making it the strongest currency worldwide.

This significant increase can be attributed to a stringent monetary policy implemented by the Central Bank of Russia, along with direct government interventions, including the sale of yuan and gold to offset declining energy revenues.

Despite facing international sanctions and decreasing oil and gas prices, the ruble has nearly regained its pre-war levels against the dollar.

In contrast, most major currencies, including the euro, British pound, and Japanese yen, have not seen substantial gains against the dollar, while the Chinese yuan experienced a slight increase.

Experts also view the ruble's strength as a potential concern, as it may reduce profits for Russian exporters and increase pressure on the national budget, raising fears of a stagflationary phase if this trend continues.

This performance underscores the ruble's status as a surprising contender in the foreign exchange markets of 2025, successfully competing against its rivals for dominance against the dollar.