Compare today's RUB to EUR (Russian Ruble to Euro) exchange rates
📈 Russia to Latvia Money Transfer Snapshot Today
- Number of money transfer providers compared: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real RUB to EUR exchange rate before providers add their margin or fees. exchange rate: 1 RUB = EUR 0.0105 (Updated about 1 hours ago)
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💡What today's RUB-EUR exchange rates mean for you
Compare today's RUB-EUR exchange rates and send money from Russia to Latvia after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RUB-EUR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final EUR payout that your recipient gets in Latvia.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Russia to Latvia remittances.
🔄 Looking for the reverse corridor? Send money from Latvia to Russia instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Russia.
👇 We also suggest looking beyond today's RUB-EUR exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst RUB-EUR exchange rate is crucial, historical data shows that transfer fees, RUB amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Russia to Latvia historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your EUR payout.
Data-driven cost insights for Russia to Latvia money transfers
When you send money internationally from Russia to Latvia, the key factors that will influence the overall cost of your transaction are:
- RUB-EUR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum EUR payout for your overseas recipient in Latvia.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Russia to Latvia, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Russia to Latvia money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 69 actual Russia to Latvia money transfers handled by 6 providers over the last 5 years (for a RUB 12300 remittance benchmark).
This data-driven approach using real RUB-EUR transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Russia to Latvia money transfers
- Average total cost: 4.30% (range 0.00% to 15.12%, spread 15.12 percentage points)
- Potential payout difference: On a RUB 12300 transfer, the above variation can save you up to RUB 1,859.76.
- Average FX markup: 1.04% (range 0.00% to 10.65%, spread 10.65 percentage points)
- Average transfer fee: RUB 400.90 (range RUB 0.00 to RUB 1,476.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (1.52% avg cost); most expensive is Debit Card → Cash Pickup (4.41%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 2.89% (RUB 355.86 on RUB 12300 transfer).
- Market coverage: ~6 providers on average (competition level: moderate)
- Average speed: About 3 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Russia to Latvia money transfers.
📈 RUB to EUR exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Russia to Latvia money transfers is usually the single biggest factor that will determine your overall RUB cost and your recipient's EUR payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a RUB 12300 money transfer benchmark, we see the following FX markup ranges for Russian Ruble to Latvia transfers:
- Average markup: 1.04%
- Median markup: 0.00%
- Lowest markup: 0.00%
- Highest markup: 10.65%
That is a spread of 10.65 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a RUB 12300 transfer, the above markup range is equivalent to roughly EUR 1,309.95 purely from differences in the exchange rate. That incremental saving increases to EUR 3,280.20 for a RUB 30800 transfer.
🛠️ How to use this insight: When comparing providers for Russia to Latvia remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
RUB to EUR exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Russia to Latvia remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Russian Ruble reaches your recipient in Latvia.
Based on data from last 5 years, we notice the below about Russian Ruble to Latvia money transfer fees:
- Average fee: RUB 400.90
- Median fee: RUB 128.16
- Lowest fee: RUB 0.00
- Highest fee: RUB 1,476.00
The average fee amount of RUB 400.90 noted above represents 3.26% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by RUB 1,476.00.
🛠️ How to use this insight: For your next money transfer from Russia to Euro, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for RUB-EUR remittances
Based on our detailed analysis of historical Russia to Latvia data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Latvia from Russia:
- Bank Account Transfer: 1.52%
- Credit Card: 3.53%
- Debit Card: 3.68%
- Cash: 3.79%
That is a total spread of 2.27 percentage points.
This means that on a RUB 12300 transfer, you could save up to RUB 279.58 simply by choosing the best priced payment method.
These savings will only multiply for higher RUB amounts.
Here is the average cost of popular delivery methods used to send money from Russia to Latvia:
- Bank Deposit: 2.68%
- Cash Pickup: 4.51%
The cost difference between the above delivery methods is 1.83 percentage points.
Once again, this means that you could save up to RUB 224.82 on a RUB 12300 transfer to Latvia by choosing Bank Deposit versus Cash Pickup.
As you can imagine, the possible combinations of Russia payment methods and Latvia delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Russia to EUR money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Bank Deposit | 1.52 |
| Debit Card | Bank Deposit | 2.68 |
| Credit Card | Bank Deposit | 3.07 |
| Credit Card | Cash Pickup | 3.78 |
| Cash | Cash Pickup | 3.79 |
| Debit Card | Cash Pickup | 4.41 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these RUB-EUR payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Bank Deposit has the lowest average cost at 1.52%.
- Debit Card → Cash Pickup has the highest average cost at 4.41%.
- Bank Account Transfer → Bank Deposit average cost is 2.89 percentage points lower than that of Debit Card → Cash Pickup.
- This means that on a RUB 12300 money transfer, you could save up to RUB 542.21 simply by choosing the best payment and delivery method combo.
- Further, on a RUB 30800 money transfer, the savings increase to RUB 1,357.73.
Here is a quick summary of the average historical cost of various payment and delivery methods for RUB to Latvia money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Bank Account Transfer averaged 1.52%, compared to 3.79% for Cash, a difference of 2.27 percentage points.
- Cheapest delivery method: Bank Deposit averaged 2.68%, compared to 4.51% for Cash Pickup (1.83 percentage points higher).
- Cheapest combo: Bank Account Transfer → Bank Deposit averaged 1.52%, which is 2.89 percentage points lower than Debit Card → Cash Pickup (4.41%).
🛠️ How to use this insight: As you compare money transfer providers for your next Russia to Latvia international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Russia to Latvia remittances by carefully choosing the most economical payment and delivery methods.
📊 Does sending more money reduce the cost of RUB-EUR money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending RUB 12300 vs RUB 30800 from Russia to Latvia.
We found that sending a higher amount (RUB 30800) tends to be cheaper - average cost drops from 4.30% to 3.36%, a reduction of 0.93 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Russian Ruble amounts to Latvia, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Russia to Latvia remittance market?
Based on data from the last 5 years, RUB-EUR money transfers are provided on an average by 6 remittance companies. With around 6 providers serving this market, we consider the level of competition to be moderate.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Russia to Latvia remittances.
⏱️ How fast are RUB-EUR money transfers?
If your recipient in Latvia needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Russia to Latvia transfers when it comes to processing time:
- Average transfer time: About 3 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 24 hours (~1.0 days).
- Average speed at RUB 12300: About 3 hours.
- Average speed at RUB 30800: About 3 hours.
🛠️ How to use this insight: If you need to send money from Russia to Latvia in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Latvia.
Russia to Latvia transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Russia to Latvia money transfers
These FAQs use data from RemitFinder's historical analysis of Russia to Latvia money transfers over several years.
What factors affect the total cost of sending money from Russia to Latvia?
The total cost of your RUB-EUR money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Russia to Latvia transfers?
Historical RUB to EUR exchange rate markup ranges from 0.00% to 10.65%, a spread of 10.65 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Is the exchange rate or the transfer fee more important for Russia to Latvia transfers?
Exchange rate markup ranges from 0.00% to 10.65% (a spread of 10.65 percentage points).
Transfer fees range from RUB 0.00 to RUB 1476.00, which equals roughly 12.00% on a RUB 12300.00 transfer.
At RUB 12300.00, the larger driver of overall cost is the transfer fee, whilst at RUB 30800.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Russia to Latvia transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger RUB amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most EUR for your RUB.
How much can Russia to Latvia transfer costs vary between providers?
Historical transfer cost ranges from 0.00% to 15.12% for RUB transfers to Latvia. That is a spread of 15.12 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from 0.00% to 10.65% (a spread of 10.65 percentage points). Thus, even small differences in FX margin can have a big impact on the final EUR payout.
Why do various money transfer providers price RUB to Latvia transfers differently?
If you send the same Russian Ruble amount to Latvia via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final EUR payout in Latvia in a big way.
How stable are transfer costs in the Russia to Latvia corridor?
When we analyzed the historical total cost for RUB-EUR transfers, we observed a range from 0.00% to 15.12% (15.12 percentage points difference), along with a variability (standard deviation) of 4.39%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from 0.00% to 10.65% (10.65 percentage points difference), with a standard deviation of 2.72%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your RUB-EUR transfers.
Which payment method is cheapest for Russia to Latvia remittances?
Bank Account Transfer is the cheapest payment method in Russia based on its average cost at 1.52% (compared to Cash at 3.79%, a difference of 2.27 percentage points).
Based on this, we recommend paying for your RUB transfer with Bank Account Transfer, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for Russia to Latvia transfers?
Credit Card is cheaper on average when sending money to Latvia from Russia since it costs 3.68% (compared to 3.53% for Credit Card payments, a difference of 0.15 percentage points).
As a result, we recommend that you avoid paying for your transfer to Latvia with a Credit Card.
Which delivery method is cheapest for RUB-EUR money transfers?
Bank Deposit is the cheapest delivery method in Latvia as it costs 2.68% (compared to Cash Pickup at 4.51%, a spread of 1.83 percentage points).
If your recipient in Latvia can accept Bank Deposit, we recommend choosing it as your preferred delivery option for RUB-EUR transfers.
Is Bank Deposit cheaper than Cash Pickup for Russia to Latvia transfers?
Bank Deposit is cheaper for transfers to Latvia given its 2.68% average cost (versus 4.51% for Cash Pickup, a difference of 1.83 percentage points).
To save more, consider choosing the cheapest delivery option for Latvia.
What is the cheapest way to send money from Russia to Latvia?
We evaluated 6 payment and delivery method combinations for Russia to Latvia remittances.
Based on historical data, Bank Account Transfer → Bank Deposit is the cheapest combination with 1.52% cost.
At the other end of the spectrum, Debit Card → Cash Pickup is the most expensive combination at 4.41% cost. That is a difference of 2.89 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Russia to Latvia remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your RUB-EUR transfers.
Does sending more money reduce the cost for Russia to Latvia transfers?
Larger RUB-EUR transfers are cheaper on average.
The cost of a RUB 12300 transfer averages 4.30% as compared to 3.36% for a RUB 30800 transfer, a difference of 0.93 percentage points.
How long does it take to send money from Russia to Latvia?
Based on our analysis, the average transfer time for RUB-EUR transfers is 3 hours, with the fastest transfers completing in less than one hour and the slowest in 24 hours (~1.0 days).
Are instant transfers available from Russia to Latvia?
Yes, historical data shows that some transfers to Latvia from Russia can complete in less than one hour.
Note that the actual speed of your RUB-EUR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the Russia to Latvia remittance market?
Based on historical data, the competition level in Russia to Latvia is considered moderate with 6 active providers.
Do I risk overpaying if I do not compare providers for Russia to Latvia?
Historically, total RUB-EUR transfer cost has varied by 15.12 percentage points. On a RUB 12300 transfer, that can translate to RUB 1859.76 in savings.
RUB-EUR exchange rate markup also varies across providers. The average markup spread has been about 10.65 percentage points. On a RUB 12300 transfer, that could be RUB 1309.95 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about RUB 1476.00 across providers.
That is why comparing providers can materially change how much of the RUB you send does your recipient receive in Latvia in Latvia.
Latest RUB to EUR Conversion Rates
Here are some latest RUB to EUR (Russian Ruble to Euro) exchange rates for popular conversion amounts*.
| 1 RUB | 0.01 EUR |
| 5 RUB | 0.05 EUR |
| 10 RUB | 0.11 EUR |
| 25 RUB | 0.26 EUR |
| 50 RUB | 0.53 EUR |
| 100 RUB | 1.05 EUR |
| 150 RUB | 1.58 EUR |
| 200 RUB | 2.10 EUR |
| 250 RUB | 2.63 EUR |
| 300 RUB | 3.15 EUR |
| 400 RUB | 4.20 EUR |
| 500 RUB | 5.25 EUR |
| 600 RUB | 6.30 EUR |
| 700 RUB | 7.35 EUR |
| 800 RUB | 8.40 EUR |
| 1000 RUB | 10.50 EUR |
| 1500 RUB | 15.75 EUR |
| 2000 RUB | 21.00 EUR |
| 2500 RUB | 26.25 EUR |
| 3000 RUB | 31.50 EUR |
| 4000 RUB | 42.00 EUR |
| 5000 RUB | 52.50 EUR |
| 10000 RUB | 105.00 EUR |
| 15000 RUB | 157.50 EUR |
| 20000 RUB | 210.00 EUR |
| 30000 RUB | 315.00 EUR |
| 40000 RUB | 420.00 EUR |
| 50000 RUB | 525.00 EUR |
| 100000 RUB | 1,050.00 EUR |
*Based on the Mid-market Exchange Rate
1 Based on 69 pricing observations across 6 firms over the last 5 years for a RUB 12300 money transfer from Russia to Latvia. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Russia to Latvia remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.