Exchange rates last updated Tuesday, 05 February 2019 11:15:17 AM EST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject russian dating nz change from time to time without notice. Exchange rates used in-store may differ from those offered online.

The Travelex online sell rate will be used for conversions from US Dollars to a foreign currency. Need Russian rubles for your trip? We have stores all over the US, including in many major airports. Dating back to the 13th century, the ruble is the currency of the Russian Federation and the world’s second oldest currency, right after British pounds. It was also the world’s first decimalised currency, dating back to 1704 when one ruble became legally equal to 100 kopeks.

The Russian ruble replaced the Soviet ruble in 1992, at a rate on par with each other. However, following the financial crisis of 1998, the Russian ruble was redenominated exchanged at the rate of 1 ruble to a previous 1,000. Over the years from 1992, the Russian ruble remained relatively stable against the US dollar. However, by December of 2014, the Russian ruble was facing a crisis.

Its value had effectively halved in the year since December 2013, taking it from around 30 rubles to the dollar to around 60. Russia’s economy had been hurt by two things: the falling price of oil around the world and economic sanctions placed on Russian countries by Europe and the US. 60 towards the end of 2014, Russia felt the repercussions first hand. Russia’s Central Bank ended 2014 trying to fight the tumbling of the country’s economy. First, it used its stocks of foreign currency to buy rubles, hoping to increase their price through demand. On the 15th December, the Central Bank announced a huge increase in interest rates in the hope that people would be happier to keep their money in rubles.

One US dollar was now buying 68. 46 rubles and Russia fell into its worst crisis since the 1998 debt default. The ruble closed 2014 as the world’s second worst performing currency after the Ukrainian hryvnia, when comparing its performance to the start of the year. Kicking off 2015, the Russian ruble saw an impressive turn around.