(Bloomberg) -- It's one thing for the ruble to get a beating, but when it starts to compete with the rand in the volatility space, it's a different story.
The ruble's one-month volatility jumped 2.6 percentage points, the most since May, to 11.9 percent, the highest among the world's currencies after South Africa's. The ruble's swings are still about 80 basis points away from dethroning the rand, but it's getting there.
READ MORE: Russian Markets Tumble After Sanctions Leave Kremlin Scrambling
To contact the reporter on this story: Colleen Goko in Johannesburg at cgoko2@bloomberg.net.
To contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Srinivasan Sivabalan
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