Russia's Invasion of Ukraine Sends Ruble Plunging 13% Today

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Viva Budy Kusnandar 24/02/2022 15:40 WIB

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Russia's invasion of Ukraine immediately triggered negative responses in global financial markets.

Movement of the US Dollar against the Russian Ruble (January 1 - February 24, 2022*)

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Russia's Invasion of Ukraine Sends Ruble Plunging 13% Today

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Movement of the US Dollar against the Russian Ruble (January 1 - February 24, 2022*)

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The President of Russia declared war on its neighbor, Ukraine, on Thursday, February 24th. Russian forces invaded Ukraine following months of escalating tensions between the two countries.

The Russian invasion immediately triggered negative responses in global financial markets. The Russian ruble plummeted in today's trading. Stock prices on Asian exchanges also fell sharply, including the Indonesian stock exchange.

According to Yahoo Finance data, the ruble weakened by 10.98 per US dollar, or 13.93%, to 89.79 per US dollar as of 12:30 WIB on Thursday, February 24, 2022.

This ruble-to-US dollar exchange rate is the lowest in history.

The Russian invasion also impacted the Japanese stock market index (Nikkei 225), causing a 1.77% drop in today's trading. The Hong Kong stock market index (Hang Seng) fell by 3.29%, and the Chinese stock market index (Shanghai Composite) weakened by 1.86%.

Similarly, the South Korean stock market index (KOSPI Index) fell by 2.57%, the Singaporean stock market index (SET) dropped by 3.15%, the Malaysian stock market index (KLCI) fell by 0.91%, and the Indonesian stock market index (IHSG) corrected by 1.63%.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Russia's Invasion of Ukraine Sends Ruble Plunging 13% Today

Russia's Invasion of Ukraine Sends Ruble Plunging 13% Today

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Russia's Invasion of Ukraine Sends Ruble Plunging 13% Today

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