Convert RUB to EUR - Russian ruble to Euro Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE RUB/EUR EXCHANGE RATE
The RUB/EUR symbol represents the currency pairing of the Russian Ruble and the Euro in the forex market, and makes for an interesting pair with ample volatility and opportunities to generate profits, as long as it is traded with careful analysis. The Russian Ruble (also known as Rouble) is the official currency in use across the Russian Federation, South Ossetia and Abkhazia. On the other hand, the Euro is the official currency used by 19 of the 28 member nations within the European Union, and is also known as the common currency.This is an important currency pair as it represents two of the largest economies of the world - Russia and the Eurozone. The RUB can be considered as a commodity currency as Russia is a key exporter of several important commodities, including crude oil, natural gas, precious metals as well as agricultural goods. As a result, any changes to the prices of these commodities can drive volatility in the value of the Russian Ruble and impact the exchange rate of the RUB/EUR currency pair as well.For instance, if the price of crude oil falls, the RUB can weaken as the contribution of crude oil exports to the Russian economy drops. In such a scenario, the RUB/EUR forex pair will turn bearish, while a strengthening of crude oil prices can cause the pair to trade bullish.
RUB to EUR CONVERSION RATES
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RUB to EUR CHARTS
RUB/EUR Live Chart
RUB/EUR Historical Chart
RUB to EUR EXCHANGE RATE - FAQ
What economic events can impact the exchange rate of RUB/EUR?

The RUB/EUR pair experiences considerable volatility on the release of key economic data from Russia and the Eurozone, including GDP, unemployment rate, PPI, industrial production, retail sales, business confidence and PMI readings from the manufacturing as well as the services sectors.

How do central bank decisions affect the value of the RUB and the EUR?

Any changes to the monetary policy or interest rates announced by the Bank of Russia or the European Central Bank (ECB) can cause fluctuations in the value of the RUB or the EUR respectively. For instance, if the ECB hikes interest rates or adopts a more hawkish tone towards its monetary policy, the EUR strengthens against its peers and causes the RUB/EUR pair to trade bearish as a result.

What was the highest value of RUB/EUR this year?

The RUB/EUR currency pair touched a high of 0.01480 on 13 January 2020. This was the strongest level the pair touched so far this year.