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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)
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About
History
Why trade EURRUB?
About
History
Why trade EURRUB?
The EUR/RUB currency pair represents the exchange rate between the Euro (EUR) and the Russian Ruble (RUB). It is classified as an exotic currency pair since it involves a major currency (EUR) and an emerging currency (RUB).
Converting EUR to RUB or vice versa requires multiplying or dividing the amount of Euros by the current exchange rate. For example, if the exchange rate is 102.551 RUB for 1 EUR, then 5 EUR would be equivalent to 512.755 RUB.
The exchange rate of the currency pair is influenced by various factors such as economic indicators, political developments, and market sentiment. Traders and investors closely monitor this currency pair as they seek to speculate on and profit from fluctuations in the exchange rate.
The EUR RUB currency pair has shown significant fluctuations in its rate over the past five years. The highest rate reached by the currency pair was 132.9581 RUB in March 2022, while the lowest rate was 67.8162 RUB in January 2020.
To trade the EUR RUB currency pair, traders may consider using different trading strategies, including day trading, swing trading, copy trading, position trading and scalping trading. These strategies differ in their holding periods, ranging from minutes to weeks or even months, so traders could choose the best one that suits their trading style and risk appetite.
Additionally, traders could use various tools and indicators to analyse the currency pair, such as moving averages and MACD, to identify potential market trends and entry and exit points. Moving averages could show the average price of a currency pair over a specific period, while MACD could help traders identify momentum and trend changes in the market, providing valuable insights for traders.
Trading EUR/RUB could offer potential opportunities for traders due to several reasons. First, the volatility of this currency pair could provide chances for gains as exchange rates fluctuate. The economic and political developments in both the Eurozone and Russia could significantly impact the pair's exchange rate, creating trading opportunities. Additionally, the liquidity of this pair allows for ease of execution and tighter spreads.
However, there are certain disadvantages that traders should be aware of. One major disadvantage is the potential risk associated with trading exotic currency pairs like EUR/RUB. The emerging nature of the Russian Ruble and the geopolitical factors affecting the region could contribute to increased volatility and potential risks.
Traders interested in similar currency pairs may consider trading USD/RUB (United States Dollar vs Russian Ruble) or EUR/USD (Euro vs United States Dollar).
| Swap long | [[ data.swapLong ]] points |
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| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
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- Spreads starting at 0.2!
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.
Forex
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Trade on volatility
Enjoy huge liquidity
Manage risk with in-platform tools
Ability to set take profit and stop loss levels