🇯🇵 JPY vs 🇷🇺 RUB: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Russian Ruble bought 1.9181 JPY at the official reference rate, so per unit the Russian Ruble is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months JPY weakened by 2.7% against RUB, so on momentum the Russian Ruble (RUB) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, JPY gained 1.2% in real terms against RUB over the same period.
JPY relative to RUB
Positive values mean JPY strengthened against RUB.
JPY vs RUB over the last three years
JPY against RUB, index 100 on November 6, 2023. A rising line means JPY gained on RUB. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 119.6 on December 2, 2024, when JPY was at its strongest against RUB in the period.
- 3-year low: 76.2 on June 17, 2026.
- Now: 83.5, 30.2% below the high and 9.6% above the low.
- Sharpest one-month move: JPY rose 16.3% against RUB between November 13, 2024 and December 2, 2024.
What moved JPY and RUB
- · 🇷🇺 Trump envoys shuttle Moscow-Kyiv — US negotiators hold talks in Moscow before heading to Kyiv in a renewed push to end the war
- · 🇯🇵 US and Japan intervene to prop up yen — A rare joint intervention aims to halt the yen's slide as a carry-trade unwind rattles global markets
- · 🇷🇺 CBR surprise cut to 14.00% — Bank of Russia defies expectations of a hold, trimming the key rate by 25bp
- · 🇯🇵 BoJ hikes to 1.00% — Bank of Japan raises its policy rate again, citing persistent inflation and yen weakness
- · 🇯🇵 Japan intervenes to defend yen — Japan's Ministry of Finance buys yen after it crosses 160 per dollar during Golden Week
- · 🇷🇺 EU adopts 20th Russia sanctions package — The EU's largest sanctions round in two years targets Russian energy revenue and banks
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇯🇵 Japanese Yen (JPY) | -2.1% | #10 of 16 |
| 🇷🇺 Russian Ruble (RUB) | +0.8% | #7 of 16 |
Open the interactive JPY/RUB chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide JPY's index by RUB's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is JPY stronger than RUB right now?
It depends on the question. Per unit, 1 RUB = 1.9181 JPY (reference rate, November 6, 2026), so the Russian Ruble is worth more. As for which one is gaining, over the past 12 months JPY weakened by 2.7% against RUB, so on momentum the Russian Ruble (RUB) is the stronger of the two.
How do JPY and RUB perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, JPY ranks #10 of 16 (-2.1%) while RUB ranks #7 (+0.8%).
What does the JPY vs RUB strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.