In 2022, the European currency is going through hard times. The depreciation of the euro is worrisome and signals significant economic problems. In July this year, the value of the EU currency reached a minimum, which was last recorded twenty years ago.. And a month later, the euro again falls to the level that was last seen a few years after the appearance of the currency, according to Bloomberg..

The European currency fell 0.9% to 0.9951, below the previous 2022 low of 0.9952. After falling, it is again trading at levels last seen in 2002..

Experts consider a number of factors to be the reasons for the depreciation of the euro.. The first and key is Russia's full-scale military invasion of Ukraine and economic sanctions imposed against the aggressor country, because of this, energy and food prices have risen significantly.. The drought this year also had an effect, causing terrible fires on the European continent and a decrease in crops..

In this regard, experts are extremely concerned about the prospects for the European region..

It is also eloquent that the euro has been losing ground against the dollar for the past 13 months.. Earlier in the article \? " UA analyzes what implications this will have for Ukraine.

As of August 23, at the official exchange rate of the National Bank of Ukraine, the cost of the euro and the dollar is the same, which is 36.56 hryvnia per unit.