RUB/RON: what to know
The RUB/RON rate shows how much RON you get for 1 RUB. Right now, 1 RUB buys 0.0537 RON at the mid-market rate. In the other direction, 1 RON is worth 18.6204 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while RON responds to regional sentiment and euro moves.
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 Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.