Exchange rate RUB - Russian rouble

The Russian ruble is the official currency of Russia. One ruble is divided into 100 kopecks. you can also find the ruble in Abkhazia and South Ossetia, where it is used as the official currency.

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Currency Buy Sell Name Currency code
RUB PLN 0.0499 0.0539 Russian rouble 1 RUB

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Russian ruble

The Russian ruble is the official currency of Russia. Its international abbreviation is RUB. Also, it is written with the symbol ₽. It is divided into 100 kopeks.

The Russian ruble - where is it used?

The Russian ruble is the official legal tender within the Russian Federation. It is also used in the territories of the unrecognized republics of Abkhazia and South Ossetia, as well as in Donetsk and Luhansk. Therefore, before going to these areas, it is worth checking the Russian ruble exchange rate.

The history of the Russian ruble

Initially, the ruble was a unit of account only. The origin of its name can be found in the XIII century Novgorod. There, people used a grzywna of silver weighing 204 grams for settlements. The oblong bar had a characteristic cut in the middle, along which it was often divided (Russian: rubit). Probably, this procedure gave rise to the later name ruble, which began to be used as a monetary unit from 1534 and was equal to 100 kopeks. Regular minting of coins began in 1704. In 1922, the Soviet ruble was presented and continued to function until the fall of the Soviet Union. Although the USSR ended its existence in 1991, the Soviet ruble remained the monetary unit until 1992. It was replaced by the Russian ruble with the designation RUR. The new ruble's exchange rate against the old one was fixed at 1:1. The financial crisis during the 1990s led to a significant depreciation of the ruble against the US dollar. At its highest point, it lost as much as 70% of its value in six months. Therefore, it was decided to re-denominate and replace the ruble with the designation RUR with a new one with the international abbreviation RUB, which is still in use today. The exchange rate of the new ruble to the old one was set at 1:1000. For 1000 old rubles, you could get 1 new ruble.

The Russina ruble - key information

The ruble divides into 100 kopeks. Denominations of 1, 5, 10 and 50 kopeks are in circulation, as well as 1, 2, 5 and 10 rubles. Coins feature the denomination and floral motifs on the reverse, while the obverse bears the image of St. George slaying a dragon (kopeks), the emblem of the Russian Central Bank (rubles), or the coat of arms of the Russian Federation (rubles issued since 2016). The banknotes are available in denominations of 5, 10, 50, 100, 200, 500, 1,000, 2,000 and 5,000 rubles. They differ from each other in colour and in the objects depicted, which represent Russian architecture. Unlike most world banknotes, Russian rubles do not depict portraits of famous figures. In 2017, two new banknotes with denominations of 200 and 2,000 rubles entered circulation. They are characterized by a more modern design, which is slightly different from the rest of the banknotes, originally issued in 1997.

RUB exchange rate

For many years, the ruble exchange rate was fixed by the Central Bank of Russia. Since 2006, many market factors have started to determine the ruble's exchange rate, as is the case with other currencies. The Russian economy is primarily based on oil, which is the main export product. Therefore, a fluctuating oil price may have a substantial impact on the ruble quotations. It is worth mentioning that a high exchange rate stability does not characterize the ruble - its quotations may be subject to volatility. The ruble exchange rate, especially the RUB/EUR pair, is essential, especially for those who trade with Russia or are going to visit the country. Rubles can be purchased at major exchange offices, though it's much easier to do it online using our portal.

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