About this pair
NZD/RUB: what to know
The NZD/RUB rate shows how much RUB you get for 1 NZD. Right now, 1 NZD buys 48.9927 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.0204 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while RUB responds to oil and gas prices and sanctions.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. 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.