As the war in Ukraine persists, the Euro has plummeted to a five-year low compared to the dollar. When compared to the Russian Ruble, the Euro has lost considerable value, falling by double digits YTD.
The Russian ruble has made considerable gains against the Euro, with the EUR/RUB trading at 74.69 at the time of writing, down 1.21% on the day and 12.52% YTD.
The EUR/USD was trading at 1.0521 at the time of writing, its lowest level in five years. The EUR/USD had lost about 2% in a week of trade and was down 7.48% YTD.
For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah
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