Four roubles to a dollar to eight roubles to a dollar, from eight to twenty and from twenty to hundred roubles to a dollar. Nobody knew what was happening. Yet no one was as concerned as about Southeast Asia because western countries wanted Russia to fall. The exchange parity so deteriorated that today it is almost 5000 roubles to one US dollar. No economic theory can explain this, be it purchasing power parity, chart, fundamentals, technicals - nothing could justify depreciation of four roubles to a dollar to five thousand roubles to a dollar.
Russian economy is totally in shambles.
I have a metaphor, a simile to explain this concept. Fire starts from one corner and if you are successful to dowse it immediately, it is fine. Fire will go on and on and it will spread in whole forest. That is what is happening in Indonesia for more than one year now. Indonesia has tremendous scarcity of water.