The 12 worst investments of 2014, #4: the Russian rouble

With Russia's Vladimir Putin locked in a war of wills with the West, the rouble's gentle decline became a crash – losing 12% in just one week.

141229-rouble

Decline in 2014: 46.5%

See all 12of 2014's worst investments here

What happened?

The slide gathered pace from October to November, but in the last week of November it crashed. In the space of a week the rouble lost nearly 12% of its value against the dollar and from the start of December has lost another 30%.

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Who are the losers?

Who are the winners?

What happens next?

What have we learned?

See all 12of 2014's worst investments here

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