XAU/RUB: what to know
The XAU/RUB rate shows how much RUB you get for 1 XAU. Right now, 1 XAU buys 366,518.53 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.00000272838 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while RUB responds to oil and gas prices and sanctions.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.