How to trade
EUR/RUB

Trading EURRUB involves navigating the exchange between the Eurozone’s single currency and the Russian Ruble. Investors wondering how to trade the EURRUB must understand the heavy influence of Russia’s energy sector and geopolitical developments on the national currency.

How to trade EURRUB?

EURRUBdemands awareness of the economic performance and policies of the European Union and Russia. Everybody willing to learn how to trade EURRUB can start with a demo account, available on the SimpleFX platform. It opens an opportunity for both novice and experienced traders to enter into the turbulent ecosystem between these two forces strongly impacting the European landscape. They can do it in a risk-free environment, thanks to a demo account.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade EURRUB?

The most popular time in terms of trading EURRUB is during the European trading session when liquidity for the Ruble is higher due to market activity within both Russia and the EU.

There is also a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is the EURRUB price going up or down?

It is impossible to anticipate the EURRUB price movement precisely. It is caused by several unprecedented events and factors, which can lead to these fluctuations. Even so, investors should monitor key economic indicators for the Euro, such as GDP and inflation, in addition to ECB policy decisions. Simultaneously, Ruble correlates with oil and gas market dynamics, along with Russian central bank policies and the geopolitical climate.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current EURRUB price on the chart above or the SimpleFX Webtrader platform.

Is EURRUB a popular currency pair?

EURRUB is considered an exotic currency pair in the forex market. Traders who want to enter this market must also pay attention to Eastern European markets. They must remember about higher risks associated with the political and economic uncertainty of this region.