RUB To USD: Convert Russian Ruble to United States Dollar

The Russian rouble (or ‘rouble’) is the official currency of Russia. You’ll see it written in Russian as рубль or ‘rubl’ and its plural as рубли́ or ‘rubli’). The rouble is fiat money, and was the world’s first decimal currency. The Russian ruble (sometimes spelled rouble) is the national currency of the Russian Federation. The ruble is the second-oldest currency still in circulation, behind the British pound. For example, if 1 liter of milk costs about 33 rubles in 2013 (equal to 1 dollar in 2013), today its price is about 68 rubles.

The new coins are struck in cupronickel.38 A number of commemorative smaller denominations of these coins exist in circulation as well, depicting national historic events and anniversaries. In July 2007, the Central Bank of Russia announced that it would decide on a symbol for the ruble and would test 13 symbols. The Ruble has been the currency of Russia for approximately 500 years; it has been used in various countries throughout its history.

Historical Exchange Rates For United States Dollar to Russian Rouble

On 30 October 2013, a special banknote in honour of the 2014 Winter Olympics held in Sochi was issued. The banknote is printed on high-quality white cotton paper. A transparent polymer security stripe is embedded into the paper to make a transparent window incorporating an optically variable element in the form of a snowflake. The highlight watermark is visible in the upper part of the banknote.

RUB = 0.00884 USD

The currency replaced the Soviet ruble at par and was assigned the ISO 4217 code RUR and number 810. Nov. 26 (UPI) — Britain has blacklisted a so-called shadow fleet of oil tankers that London said Russia uses to transport billions of dollars’ worth of oil and oil products a year. The move seeks to restrict a significant revenue source for the Kremlin’s war against Ukraine. They add hidden markups to their exchange rates – charging you more without your knowledge.

Popular Currency Pairings

The coins depict the double-headed eagle without a crown, sceptre and globus cruciger above the legend “Банк России” (“Bank of Russia”). In 1993, aluminium-bronze 50-ruble coins and cupro-nickel-zinc 100-ruble coins were issued, and the material of 10 and 20-ruble coins was changed to nickel-plated steel. In 1995 the material of 50-ruble coins was changed to brass-plated steel, but the coins were minted with the old date 1993. As high inflation persisted, the lowest denominations disappeared from circulation and the other denominations became rarely used. Following the dissolution of the Soviet Union in 1991, the Soviet ruble remained the currency of the Russian Federation until 1992. A new set of coins was issued in 1992 and a new set of banknotes was issued in the name of Bank of Russia in 1993.

Thus it’s recommended to carry your money in Euros or US dollars and then exchange it to local currency when in the country. Travelers often ask whether it’s necessary to exchange your local currency to Russian Ruble in your home country prior to the trip. Since it’s not always possible to do that, we can reassure you that it’s not a problem to exchange money on the spot. Keep in mind though that rates in airports aren’t usually good, so it makes sense to exchange your cash somewhere in the city (in a review the physician philosopher’s guide to personal finance local bank or currency exchange office).

Russian Ruble Exchange Rate

• Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
• “Russia’s oil revenues are fuelling the fires of war and destruction in Ukraine,” Foreign Secretary David Lammy said in a statement.
• Modifications to the series were made in 2001, 2004, and 2010.
• Early in World War I, gold coins disappeared from circulation, and notes became inconvertible.
• The Russian Ruble is one of the world’s oldest currencies, dating back to the 13th century during the medieval Russian period.

Use Wise for fast, low-cost, and secure online money transfers from the United Kingdom to Russia. Wise is a Money Service Business registered with FinCen. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The ruble (RUB) has been used since the 13th century and has been through a number of incarnations during that time, inside bar trading strategy including multiple revaluations and devaluations.

Since 2014 prices in Russia have been rising consistently. Use our currency converter to see how much your money is worth in Russian ruble and familiarise yourself with the mid-market rate before your trip. The Wise Russian ruble travel money card lets you top up in your local currency, and switch to ruble to spend when you’re in Russia. You’ll get the best rate for spending in Russian ruble – and can also hold and spend 40+ other currencies with the same card. As we mentioned above, it’s better not to exchange money for rubles far in advance.

The most recent changes occurred before the fall investing in metals of the Soviet Union in 1992 and during the redenomination in 1998. The 1998 redenomination made one new ruble worth 1000 old rubles. A series of circulating Olympic commemorative 25 ₽ coins started in 2011.

The Ruble we know today is the result of the monetary reform in 1998, following the post-Soviet Union economic crisis. In February 2022, many commentators suggested Russia could evade international sanctions using cryptocurrency. Though a CBDC is much different from a private cryptocurrency, a digital ruble could limit Russia’s dependence on using foreign currencies, such as the U.S. dollar.