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Started By
Message
Russian Ruble Exchange
Posted on 3/2/22 at 11:27 am
Posted on 3/2/22 at 11:27 am
Just curious. Since the Russian Currency (dollar) is less than a US Penny. Could you exchange a US dollar for Russian cash and hold out for awhile until the Ruble builds up then exchange it back for more? Is it even possible?
16
Posted on 3/2/22 at 11:27 am to BaconNCheese
Yes that’s how currency exchanges work
Posted on 3/2/22 at 11:28 am to BaconNCheese
I’ll trade you some of my Iraqi dinar
Posted on 3/2/22 at 11:28 am to BaconNCheese
quote:
Just curious. Since the Russian Currency (dollar) is less than a US Penny. Could you exchange a US dollar for Russian cash and hold out for awhile until the Ruble builds up then exchange it back for more? Is it even possible?
lol
Posted on 3/2/22 at 11:28 am to BaconNCheese
It would probably be more profitable for you start collecting 1980s/90s baseball cards.
Posted on 3/2/22 at 11:28 am to LSU-MNCBABY
quote:
Yes that’s how currency exchanges work
I can't believe you actually HAD to say that
Posted on 3/2/22 at 11:29 am to BaconNCheese
What's the difference between the Ruble and the Dollar?
A Dollar.
A Dollar.
Posted on 3/2/22 at 11:29 am to BaconNCheese
I got a couple thousand in francs if you wanna trade.
Posted on 3/2/22 at 11:31 am to Jor Jor The Dinosaur
quote:
What's the difference between the Ruble and the Dollar?
A Dollar.
I got 99 dollars, but a Ruble ain't one.
Posted on 3/2/22 at 11:33 am to BaconNCheese
All I got are these damn Nepalese coins
Posted on 3/2/22 at 11:34 am to BaconNCheese
Do you plan on going to Russia or something
Posted on 3/2/22 at 11:34 am to BaconNCheese
Just like the futures market if you have to ask if such a thing exists then in all likelihood you should avoid it.
Posted on 3/2/22 at 11:35 am to Obtuse1
quote:
Just like the futures market
What are futures?
Posted on 3/2/22 at 11:35 am to BaconNCheese
My buddy and I wanted to buy Crystal Oil Company at 0.17 in bankruptcy but we were broke college students. A few years later it was out of bankruptcy and trading at 32 
Posted on 3/2/22 at 11:38 am to BaconNCheese
quote:I don't believe it is possible, currently. Perhaps it would be via an intermediary.
Is it even possible?
Posted on 3/2/22 at 11:38 am to Jim Rockford
quote:
My buddy and I wanted to buy Crystal Oil Company at 0.17 in bankruptcy but we were broke college students. A few years later it was out of bankruptcy and trading at 32
The best I have ever done in the market was senior year in high school with two grand of fake money and an account on one of those simulated stock markets that mirrored the real market. I cleaned up and won the contest in our economics class by a landslide. All I got was a pair of free movie tickets.
I have yet to be able to reproduce that run.
Posted on 3/2/22 at 11:38 am to BaconNCheese
I'll tell you what I'd do. I would gather all the pennies I could and go to Russia. I could sell them on the street for 200 rubles. Easier to carry in a sock.
Posted on 3/2/22 at 11:38 am to BaconNCheese
Posted on 3/2/22 at 11:41 am to LegendInMyMind
quote:
What are futures?
So I look into this crystal ball and I see your aura and tell you to beware the dwarf, or something like that.
Posted on 3/2/22 at 11:43 am to fr33manator
quote:
tell you to beware the dwarf
You don't need to tell me that, baw. I learned my lesson the first time!
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