The EURRUB pair represents the exchange rate between the currency of the Eurozone, i.e. EURO, and Russia's currency, i.e. Ruble. The former is the second most traded currency globally, and the latter has a relatively low trading volume. In the EURRUB pair, the base currency is EURO which is quoted against the counter currency, RUB.

What is EURRUB?

The EURRUB is an exotic pair as it contains a major currency, i.e. EURO, and an emerging currency, i.e. RUB. It has lower trading volumes, wider bid-ask spreads, and higher volatility than other major pairs such as EURUSD or USDJPY. Besides, it's correlated with several other currencies too. For instance, EURRUB is negatively correlated to USDRUB and less strongly correlated with EURUSD and EURJPY pairs. Further, The EURRUB currency pair is traded 24 hours a day from Sunday to Friday on the forex market and its value is significantly affected by the factors such as central bank policies promoting economic growth of the Eurozone or Russia, geopolitical tensions, prices of exports, and internal economic conditions. Besides, market sentiment also plays a vital role in determining the value of the EURRUB pair. However, it must be noted that these factors can vary over time, so investors must carry out a detailed analysis of the pair before investing money in it. If investors want to know how to trade EURRUB, it’s essential to keep tabs on these factors.

How does EURRUB work?

It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURRUB start without risking their real assets. Besides, traders use various tools, such as technical analysis, fundamental analysis, etc., to make well-informed trading decisions. On the SimpleFX platform, both novice and experienced traders can find tools enabling conducting such analyses.

EURRUB price history

Knowing about their historical performance is a must when trading currency pairs. That's why investors can analyze the performance of EURRUB from 2018 to 2022. Investors must remember that referring to the past performance of this asset may not be a reliable indicator of future results.

2018

On 1st January 2018, the price of EURRUB was 69.3854 RUB; on 31st December 2018, it was 79.5306 RUB. The best exchange rate of the year was 81.8232 RUB on 10th September 2018, and on 9th January, the EURRUB hit the lowest value of the year, i.e. 67.8905 RUB. The average value of the year was 74.0657 RUB.

2019

The EURRUB exchange rate at the beginning of the year was 79.2931 RUB, the year's best value, and the forex market closed at 69.6439 RUB on 31st December 2019. The worst value of the year was 68.6179 RUB on 25th December 2019. The year's average was 72.4495 RUB.

2020

On 1st January 2020, the EURRUB was at 69.4027 RUB; on 31st December 2020, it reached 99.3317 RUB. The year's best performance was 93.7934 RUB on 2nd November 2020, and the worst was 67.8324 RUB on 12th January 2020. The average exchange rate in 2020 was 82.6818 RUB.

2021

The year began when the EURRUB was 89.7298 RUB and ended at 85.0456 RUB. The best exchange rate was 92.9236 RUB on 20th April 2021, and the worst price was 80.6101 RUB on 26th October 2021. The average EURRUB price for 2021 was 87.1987 RUB.

2022

The EURRUB price on 1st January 2022 was 85.0671 RUB; on 31st December 2022, it was 79.1052 RUB. On 7th March 2022, the exchange rate was 154.992 RUB, the year's best value and the worst of 54.8291 RUB was recorded on 29th June 2022. Also, the average exchange rate in 2022 was 74.1192 RUB.

Current EURRUB price

The current EURRUB price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is EURRUB a good investment?

Whether EURRUB is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.

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