About this pair
JPY/RUB: what to know
The JPY/RUB rate shows how much RUB you get for 1 JPY. Right now, 1 JPY buys 0.5001 RUB at the mid-market rate. In the other direction, 1 RUB is worth 1.9995 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while RUB responds to oil and gas prices and sanctions.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.