Euro to Russian Ruble end-of-month exchange rate 2014-2022

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.