About this pair
RON/RUB: what to know
The RON/RUB rate shows how much RUB you get for 1 RON. Right now, 1 RON buys 18.5988 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.0538 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while RUB responds to oil and gas prices and sanctions.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.