Whoa. The Russian ruble is having a 'miracle' surge By Ivana Kottasova @ivanakottasova
The Russians are calling it a miracle.
The ruble has been on fire, gaining over 20% against the dollar and 35% against the euro in the last three months.
The currency is among the best performing this year, after being the worst performer of 2014.
The ruble collapsed last year as the Russian economy started showing serious cracks. Russia was hit hard by the double whammy of falling oil prices and the Western sanctions imposed on Moscow over its role in the crisis in Ukraine.
The numbers are telling: In January 2014, $1 would get you 33 Russian rubles. At the low point in December, $1 would get you about 80 rubles. Today, a dollar is worth about 52 rubles.
It's been a rapid turnaround, although there's still a long way to go.
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