EUR/RUB
EUR/RUB
86.944
High: 86.944
Low: 86.944
Market Mood
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
Trader`s mood
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
Currency pair euro to ruble.
The EUR / RUB currency pair is the second most popular on the territory of Russia, after the pairs of the US dollar to the ruble. The reason for this is obvious - close economic ties between Europe and Russia and not only at the interstate level, but primarily for Russian citizens acquiring European goods and services. Also, despite the fact that formally the prices in the Russian wholesale and retail trade are denominated in rubles, they vary depending on the exchange rate of the euro-to-ruble currency pair.
It should be noted that the official euro / ruble exchange rate is set daily (on working days) by the Central Bank of the Russian Federation without the obligation to buy or sell these currencies at the specified rate. This discreteness is not always convenient and does not allow us to determine the direction of the currency pair's movement. The forex market corrects this shortcoming, allowing you to determine the current value of the euro / ruble exchange rate and predict its change.
The ruble exchange rate is heavily influenced by the parameters of energy exports - oil and gas. Also, significant factors include periods of payment of taxes by legal entities, the holiday season and New Year holidays.
After the introduction of sanctions and counter-sanctions in 2014, the trade turnover between the EU and Russia declined, and the general commodity turnover fell. As a result of 2017, the European Union remained Russia's largest economic partner with a share of 42%, in the best years it exceeded 50%.
The EUR / RUB pair is built on the principle of direct quotation. As the base currency is the euro, quoted in it - the Russian ruble. The growth of the currency pair means strengthening of the euro against the Russian ruble, that is, more than one ruble is required to buy one euro. A decrease in the exchange rate indicates a strengthening of the ruble.
Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
The Russian ruble (bank code: RUB) is the official currency of the Russian Federation. The Central Bank of the Russian Federation carries out monetary policy, and its function is to protect and ensure the stability of the ruble
FAQ
- How to trade Forex EUR/RUB?
Various cryptocurrency exchanges enable you to purchase EUR/RUB . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase EUR/RUB directly from other buyers and sellers using different payment methods
- Which platform is better to trade?
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
- What is the forex trend EUR/RUB?
When trading the EUR/RUB, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the EUR/RUB can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.