About this pair
RUB/UAH: what to know
The RUB/UAH rate shows how much UAH you get for 1 RUB. Right now, 1 RUB buys 0.5275 UAH at the mid-market rate. In the other direction, 1 UAH is worth 1.8957 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while UAH responds to the economic situation and international support.
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 Ukrainian Hryvnia (UAH) is issued by National Bank of Ukraine. The name “hryvnia” comes from a medieval silver weight unit used in Kievan Rus.
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.