🇷🇺 RUB vs 🇺🇦 UAH: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Ukrainian Hryvnia bought 1.8190 RUB at the official reference rate, so per unit the Ukrainian Hryvnia is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months RUB strengthened by 7.4% against UAH, so on momentum the Russian Ruble (RUB) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, RUB gained 11% in real terms against UAH over the same period.
RUB relative to UAH
Positive values mean RUB strengthened against UAH.
RUB vs UAH over the last three years
RUB against UAH, index 100 on November 6, 2023. A rising line means RUB gained on UAH. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 151.9 on June 10, 2026, when RUB was at its strongest against UAH in the period.
- 3-year low: 96.2 on December 2, 2024.
- Now: 141.9, 6.6% below the high and 47.4% above the low.
- Sharpest one-month move: RUB rose 16% against UAH between February 3, 2025 and February 27, 2025.
What moved RUB and UAH
- · 🇺🇦 Trump envoys shuttle Moscow-Kyiv — Witkoff and Kushner meet Putin, then Zelensky, in a fresh push for peace; Putin pauses strikes on Kyiv
- · 🇷🇺 Trump envoys shuttle Moscow-Kyiv — US negotiators hold talks in Moscow before heading to Kyiv in a renewed push to end the war
- · 🇺🇦 NBU unexpectedly hikes to 15.5% — Ukraine's central bank ends three straight holds, citing mounting inflationary pressure
- · 🇷🇺 CBR surprise cut to 14.00% — Bank of Russia defies expectations of a hold, trimming the key rate by 25bp
- · 🇷🇺 EU adopts 20th Russia sanctions package — The EU's largest sanctions round in two years targets Russian energy revenue and banks
- · 🇺🇦 EU agrees $105bn Ukraine loan — EU leaders agree to lend Ukraine roughly EUR90bn for 2026-27 after Russian-asset talks stall
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 |
|---|---|---|
| 🇷🇺 Russian Ruble (RUB) | +0.8% | #7 of 16 |
| 🇺🇦 Ukrainian Hryvnia (UAH) | -6.7% | #16 of 16 |
Open the interactive RUB/UAH 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 RUB's index by UAH'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 RUB stronger than UAH right now?
It depends on the question. Per unit, 1 UAH = 1.8190 RUB (reference rate, November 6, 2026), so the Ukrainian Hryvnia is worth more. As for which one is gaining, over the past 12 months RUB strengthened by 7.4% against UAH, so on momentum the Russian Ruble (RUB) is the stronger of the two.
How do RUB and UAH perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, RUB ranks #7 of 16 (+0.8%) while UAH ranks #16 (-6.7%).
What does the RUB vs UAH 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.