About this pair
RUB/NZD: what to know
The RUB/NZD rate shows how much NZD you get for 1 RUB. Right now, 1 RUB buys 0.0204 NZD at the mid-market rate. In the other direction, 1 NZD is worth 48.9927 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while NZD responds to soft-commodity prices and 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 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.
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.