About this pair
RUB/JPY: what to know
The RUB/JPY rate shows how much JPY you get for 1 RUB. Right now, 1 RUB buys 2.0105 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.4974 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while JPY responds to Bank of Japan policy and global risk appetite.
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 Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
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.