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Taking advantage of the ruble

The ruble is plummeting as I write this. I want to see St. Petersburg next spring. How do I go about making reservations in a way that allow me to take advantage of the exchange rate?

Posted by
3457 posts

I am also ready to book reservations for next fall which will include two and a half weeks in St Petersburg , The first issue will be the policy of the hotel that you choose . In my case , I will book the Crowne Plaza on Ligovsky Prospect . The location and amenities are to my liking . The current quote is 7,200 py6 per night with a non binding reservation ( cancel by 6 pm , day of arrival , no prepay ) As I understand ( as with all hotels ) this rate is guaranteed with the booking , so if the ruble continues to drop , I will benefit , on the other hand...... I f you take the prepay rate 6500 py6 , you can lock the current price now . It's all fairly simple , you need to figure what your best bet is . I would normally take the prepay , but with the current uncertainty in Russia ,the prepay might present an issue if things really come apart . For me , in this case , I will take the flexible reservation as a form of insurance . In any case , barring an event of major proportions , I am going . I don't want to die without seeing this magnificent place .

Posted by
3457 posts

One other point to make - Regardless of how travelers might benefit from the devaluation of the ruble , a far more important issue is the potential for the devastating effects on the world's economic stability in general . Whatever one's specific views are pertaining to the current issues surrounding the Russian Federation , none of this potentially bodes well for the world community .

Posted by
4637 posts

Ruble will go down as price of oil goes down. When it gets down enough for fracturing oil from sands to stop being economical the price of oil will go up again. So the art is to guess correctly when this will happen and time it with the visit to Russia.