The ruble collapsed by 10 percent against the U.S. dollar on Dec. 15 earning the Russian currency the dubious laurels of the world's worst-performing currency this year. The Russian currency has now fallen 49.3 percent against the greenback since January, according to data from the Moscow Exchange. The drop takes it below the Ukrainian hryvna, which has weakened 47.9 percent in 2014.
Russia's War Against Ukraine
The Moscow Times: Russian ruble crashes to world’s worst-performing currency
Pedestrians walk along a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on Dec. 12, 2014.
