At the end of February 2022, the exchange rate of the euro to the Russian ruble (EUR/RUB), stood at 115.48. That was the highest figure over the observed period. The value of Russia's national currency declined in view of the war in Ukraine that began in February 2022.
End-of-month versus average monthly EUR/RUB exchange rate
The concrete, or point in time, measure shows the exchange rate as of the last day of each month, which is different to the standardized measure; calculation of average based on observations throughout the period in question. The average monthly exchange rate of the euro to the Russian ruble has steadily decreased since February 2022, reaching approximately 57.5 Russian rubles in June 2022.
EUR/RUB exchange rate in recent years
From December 2018 to February 2020, the end-of-month euro-ruble exchange rate has seen a downward trend. The COVID-19 outbreak and the sinking oil prices in March 2020 lead to a significant depreciation of the Russian national currency, thus one euro equaled 92.46 Russian rubles by the end of October of that year. The figures remained at above 80 Russian rubles per one euro throughout 2021.
Euro (EUR) to Russian Ruble (RUB) exchange rate at the end of each month from January 2014 to February 2022
Characteristic
Exchange rate
Feb '22
115.48
Jan '22
86.73
Dec '21
85.3
Nov '21
84.61
Oct '21
82.33
Sep '21
84.34
Aug '21
86.76
Jul '21
86.71
Jun '21
86.77
May '21
86.54
Apr '21
90.71
Mar '21
88.32
Feb '21
90.67
Jan '21
91.89
Dec '20
91.46
Nov '20
91.14
Oct '20
92.46
Sep '20
91.78
Aug '20
88.3
Jul '20
87.69
Jun '20
79.63
May '20
78.44
Apr '20
79.89
Mar '20
85.95
Feb '20
73.61
Jan '20
70.34
Dec '19
69.96
Nov '19
70.55
Oct '19
71.36
Sep '19
70.76
Aug '19
73.41
Jul '19
70.8
Jun '19
71.6
May '19
72.91
Apr '19
72.21
Mar '19
72.86
Feb '19
75.09
Jan '19
75.11
Dec '18
79.72
Nov '18
76.07
Oct '18
74.41
Sep '18
76.14
Aug '18
79.1
Jul '18
73.21
Jun '18
73.16
May '18
72.58
Apr '18
75.96
Mar '18
70.89
Feb '18
68.75
Jan '18
70.07
Dec '17
69.39
Nov '17
69.19
Oct '17
67.87
Sep '17
68.25
Aug '17
69.12
Jul '17
70.46
Jun '17
67.54
May '17
63.71
Apr '17
62.11
Mar '17
60.31
Feb '17
61.76
Jan '17
64.43
Dec '16
65.38
Nov '16
69.53
Oct '16
69.01
Sep '16
72.24
Aug '16
72.8
Jul '16
71.24
Jun '16
73.15
May '16
74.47
Apr '16
75.43
Mar '16
77.94
Feb '16
85.62
Jan '16
83.86
Dec '15
80.67
Nov '15
69.99
Oct '15
70.57
Sep '15
73.24
Aug '15
74.86
Jul '15
66.86
Jun '15
62.36
May '15
57.46
Apr '15
57.65
Mar '15
62.44
Feb '15
69.2
Jan '15
79.93
Dec '14
72.34
Nov '14
61.35
Oct '14
53.86
Sep '14
49.77
Aug '14
48.74
Jul '14
47.52
Jun '14
46.38
May '14
47.31
Apr '14
49.46
Mar '14
48.78
Feb '14
49.94
Jan '14
47.75
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Month-end figures, last trading day.
The source specified the following information: "Owing to current trading activity in the EUR/RUB market, the European Central Bank (ECB) is not in a position to set a reference rate that is representative of prevailing market conditions. The ECB has therefore decided to suspend its publication of a euro reference rate for the Russian ruble until further notice. The ECB last published a EUR/RUB reference rate on 1 March 2022."
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ECB. (March 1, 2022). Euro (EUR) to Russian Ruble (RUB) exchange rate at the end of each month from January 2014 to February 2022 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/376053/euro-to-ruble-daily-exchange-rate/
ECB. "Euro (EUR) to Russian Ruble (RUB) exchange rate at the end of each month from January 2014 to February 2022." Chart. March 1, 2022. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/376053/euro-to-ruble-daily-exchange-rate/
ECB. (2022). Euro (EUR) to Russian Ruble (RUB) exchange rate at the end of each month from January 2014 to February 2022. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/376053/euro-to-ruble-daily-exchange-rate/
ECB. "Euro (Eur) to Russian Ruble (Rub) Exchange Rate at The End of Each Month from January 2014 to February 2022." Statista, Statista Inc., 1 Mar 2022, https://www.statista.com/statistics/376053/euro-to-ruble-daily-exchange-rate/
ECB, Euro (EUR) to Russian Ruble (RUB) exchange rate at the end of each month from January 2014 to February 2022 Statista, https://www.statista.com/statistics/376053/euro-to-ruble-daily-exchange-rate/ (last visited September 01, 2024)
Euro (EUR) to Russian Ruble (RUB) exchange rate at the end of each month from January 2014 to February 2022 [Graph], ECB, March 1, 2022. [Online]. Available: https://www.statista.com/statistics/376053/euro-to-ruble-daily-exchange-rate/