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Russian ruble (sh.itjust.works)
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[-] CaptDust@sh.itjust.works 146 points 3 weeks ago

They'll just suspend trading again, likely until trump lifts sanctions. Value can't fall if it can't be compared in the market.

[-] Valmond@lemmy.world 19 points 3 weeks ago

Lost like 7 percent today (or percentage points, funnily about the same here).

[-] thanks_shakey_snake@lemmy.ca 10 points 3 weeks ago

Whoa do "percent" and "percentage points" actually refer to different things?

[-] sushibowl@feddit.nl 30 points 3 weeks ago

Yeah, "percentage points" is used to refer to a difference between two percentages.

For example, let's say some company previously held 25% of the market, but grew and is now holding 50% of the market. The company's market share actually doubled in size, which we could call an increase of 100%. Or, looking at it another way, because they grew from 25% to 50%, you can call it an increase of 25 percentage points.

[-] WhatAmLemmy@lemmy.world 2 points 3 weeks ago* (last edited 3 weeks ago)

Sounds like "percentage points" provides less information to the viewer, which explains the context I most often see it used.

[-] Ross_audio@lemmy.world 18 points 3 weeks ago

Yes. If you have a half full battery it's at 50% full.

If the charge goes up by 50% you get a 75% full battery.

If the charge goes up by 50 percentage points it goes up to 100%

[-] Kazumara@discuss.tchncs.de 8 points 3 weeks ago

But currencies aren't traded only on one exchange, but all over, surely you can't suspend trading for currencies?

[-] sukhmel@programming.dev 4 points 3 weeks ago

They can restrict official trading, I thought they already did something like that before, maybe not. Besides, market is mostly made by large players, what people can trade in the banks will make less of an impact.

this post was submitted on 27 Nov 2024
703 points (98.2% liked)

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