Question: At the beginning of the year the exchange rate between the Russian ruble and the Us dollar basket was around 32 rubles. Now it is 48. How much of its value has ruble lost?
The answer, from DailyFX which "provides forex news and technical analysis on the trends that influence the global currency markets."
Ah, the professional advisers on foreign exchange. Here is their answer, Written by Ilya Spivak, Currency Strategist and David Rodriguez, Senior Strategist for DailyFX.com
"precipitous drop in the currency that has thus far produced losses of as much as 47.8 percent this year against the greenback"
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