🇳🇿 NZD vs 🇷🇺 RUB: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one New Zealand Dollar bought 45.76 RUB at the official reference rate, so per unit the New Zealand Dollar is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months NZD weakened by 1.9% against RUB, so on momentum the Russian Ruble (RUB) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, NZD lost 0.1% in real terms against RUB over the same period.
NZD relative to RUB
Positive values mean NZD strengthened against RUB.
NZD vs RUB over the last three years
NZD against RUB, index 100 on November 6, 2023. A rising line means NZD 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: 118.3 on December 2, 2024, when NZD was at its strongest against RUB in the period.
- 3-year low: 79.3 on June 17, 2026.
- Now: 81.9, 30.7% below the high and 3.3% above the low.
- Sharpest one-month move: NZD rose 14.8% against RUB between August 5, 2024 and August 29, 2024, around the time of “RBNZ starts cutting” (🇳🇿 August 14, 2024).
What moved NZD 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
- · 🇷🇺 CBR surprise cut to 14.00% — Bank of Russia defies expectations of a hold, trimming the key rate by 25bp
- · 🇳🇿 RBNZ hikes OCR to 2.50% — New Zealand's central bank raises rates again to bring inflation back to target
- · 🇷🇺 EU adopts 20th Russia sanctions package — The EU's largest sanctions round in two years targets Russian energy revenue and banks
- · 🇳🇿 RBNZ cuts to 2.25%, signals end — RBNZ cuts to a three-year low while signaling its easing cycle is complete
- · 🇷🇺 US presents 28-point peace plan — A US peace proposal seen as favorable to Moscow raises hopes of eventual sanctions relief
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 |
|---|---|---|
| 🇳🇿 New Zealand Dollar (NZD) | -1.2% | #9 of 16 |
| 🇷🇺 Russian Ruble (RUB) | +0.8% | #7 of 16 |
Open the interactive NZD/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 NZD'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 NZD stronger than RUB right now?
It depends on the question. Per unit, 1 NZD = 45.76 RUB (reference rate, November 6, 2026), so the New Zealand Dollar is worth more. As for which one is gaining, over the past 12 months NZD weakened by 1.9% against RUB, so on momentum the Russian Ruble (RUB) is the stronger of the two.
How do NZD and RUB perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, NZD ranks #9 of 16 (-1.2%) while RUB ranks #7 (+0.8%).
What does the NZD 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.