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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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Release date

March 2022

More information

Region

Russia

Survey time period

January 2014 to February 2022

Supplementary notes

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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