How much has the rouble fallen against the dollar and euro this week?

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The Rouble Experienced Significant Declines Against the Dollar and Euro This Week

The rouble concluded the week with substantial losses, depreciating over 20 per cent against both the dollar and the euro in Moscow trading. On other trading platforms, the rouble saw a steeper decline, losing a third of its value over the course of the week.
Moscow Trading Shows Over 20 Percent Depreciation

In Moscow, the rouble's value against the dollar fell to 105 from 83 the previous Friday, marking a significant drop. Similarly, its value against the euro decreased to just under 119 from 93 in the prior week's close. Despite a slight one percent strengthening on the final day of trading compared to Thursday, the overall weekly trend indicated a pronounced weakening.
Offshore Platforms Report A Third in Value Loss

Trading on platforms such as EBS revealed a more dramatic depreciation, with the rouble closing down 12.9 per cent against the dollar on the day at 124. This brought its total decline for the week to 32 per cent, the largest weekly fall recorded in data going back to 2007. Traders noted a wide bid-ask spread throughout the day, indicative of evaporating liquidity in the market.
Economic Shock and Asset Value Destruction Cited

The rouble's performance is occurring amidst escalating international sanctions imposed on Russia following its invasion of Ukraine. These measures are widely expected to lead to a significant economic shock, with analysts warning of substantial destruction in the value of Russian assets. The country's credit rating has been downgraded to junk status by major agencies, increasing the likelihood of a default.

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How much has the rouble fallen against the dollar and euro this week?

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