Bloomberg survey of analysts revealed that the euro could plummet to $1 in case Marine Le Pen, the National Front leader, wins the French election. The forecast seems to be real as Le Pen pledged to hold a referendum on the euro and the EU membership. Thus, 23 out of 38 surveyed analysts said the euro could crash, while 5 respondents projected the shared currency’s fall below 95 cents.

The euro’s decline to $1 would be the first since 2002. The single currency could fall by 7% from the current rate of $1.08. The fall below 95 cents would be a decline of 12%. The last parity moment was in 2002.

On March 26, Marine Le Pen said the European Union would disappear. "The European Union will die because people do not want it anymore," she said. Le Pen promised she will try to replace the EU with Europe based on co-operation between countries.

Emmanuel Macron is seen winning French presidency, gathering 26% of the vote in the first round of the election, while Le Pen’s support is seen at 25%. Conservative candidate Francois Fillon is expected to gain only 18% of the vote.