About this pair
RUB/EUR: what to know
The RUB/EUR rate shows how much EUR you get for 1 RUB. Right now, 1 RUB buys 0.0102 EUR at the mid-market rate. In the other direction, 1 EUR is worth 97.7225 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while EUR responds to ECB policy and eurozone growth.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
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.