About this pair
UAH/RUB: what to know
The UAH/RUB rate shows how much RUB you get for 1 UAH. Right now, 1 UAH buys 1.8971 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.5271 UAH.
In the short term UAH is driven mainly by the economic situation and international support, while RUB responds to oil and gas prices and sanctions.
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. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.