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base info Akash Network

Akash Network to Russian Ruble Converter and calculator

Convert 1Akash Network (AKT) to Russian Ruble (RUB) equals ₽ 521.69 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Akash Network(AKT) to Russian Ruble(RUB). This is the real-time data. The current conversion shows 1 AKT at a value of 1 AKT for 521.69 RUB . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

RUB information

About the Russian Ruble (RUB)

What Is the Russian Ruble (RUB)?

The Russian Ruble (RUB), symbolized as ₽, is the national currency of Russia and holds the distinction of being the second oldest currency in the world, following the British Pound Sterling. Its roots trace back to the 14th century, with a significant milestone in 1704 when it became the first European currency to be decimalized, dividing the ruble into 100 kopeks. The Russian Ruble is the sole legal tender in Russia, and it is used for all transactions within the country.

The Russian Ruble is issued by the Central Bank of Russia, also known as the Bank of Russia. This institution is responsible for the production and distribution of ruble banknotes and coins, and it plays a crucial role in maintaining the stability and integrity of the Russian currency. The Central Bank of Russia also implements monetary policy, manages foreign exchange reserves, and works to ensure the overall stability of the financial system in Russia.

What Is the History of RUB?

In 1704, under Peter the Great's rule, the ruble was standardized to 28 grams of silver. This standard underwent a change in 1885, adjusting the gold content but retaining the silver ruble's value. The Soviet era saw further transformations, with the introduction of new notes and coins in 1991, followed by a significant reform in 1993 aimed at phasing out Soviet-era currencies.

Notes and Coins of RUB

The Russian Ruble is issued in both coin and banknote forms, each with distinctive features and denominations. Coins come in various denominations, including 1, 2, 5, 10 rubles, and smaller values like 1, 5, 10, and 50 kopeks. These coins are distinguished by their size, composition (often a blend of nickel and brass). On the other hand, Ruble banknotes are printed in denominations of 50, 100, 200, 500, 1000, 2000, and 5000 rubles. The banknotes are made of durable polymer or high-quality paper, featuring advanced security elements to prevent counterfeiting.

Modern Russian Ruble

In recent years, the Russian Ruble has seen further innovations. 2009 marked the introduction of a new 10-ruble coin with advanced security features. The Central Bank of Russia also released new 200 and 2,000 ruble notes in 2017, featuring icons and cities chosen through an online poll. Despite these changes, the ruble's value has been subject to fluctuations, often influenced by political and economic factors rather than its strong oil export background.

Ruble in International Trade

A significant move in international trade came in 2010 when Russia and China agreed to use their currencies instead of the USD for bilateral trade. This decision aimed to strengthen their economies and reduce dependency on the US dollar, especially during economic crises. However, the ruble's value is not strongly correlated with oil prices, a major Russian export, due to ongoing political uncertainties within Russia.

Why Is the Russian Ruble Not a Strong Currency?

The Russian Ruble has historically not been considered a strong currency due to several key reasons. Economic instability and the impact of international sanctions, particularly following geopolitical events like the annexation of Crimea in 2014, have significantly influenced its value. The Russian economy's heavy reliance on oil and gas exports makes the ruble vulnerable to global commodity price fluctuations, often leading to revenue instability. Additionally, periods of high inflation have eroded the currency's value. Political risks and governance issues in Russia further exacerbate this situation, as they can deter foreign investment and shake global confidence in the ruble. Moreover, the monetary policy decisions of the Central Bank of Russia, which sometimes prioritize controlling inflation over maintaining a strong currency, also play a crucial role.

Do Russia and Belarus Both Use Ruble?

Yes, both Russia and Belarus use currencies called the "Ruble," but they are distinct from each other. Russia uses the Russian Ruble (RUB), while Belarus has its own currency, the Belarusian Ruble (BYN). Despite sharing a name, these are separate currencies with different values and are managed independently by their respective countries' central banks.

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Bitget crypto-to-fiat exchange data shows that the most popular Akash Network currency pair is the AKT to RUB, with for Akash Network's currency code being AKT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for RUB.

AKT to RUB conversion rate trend

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In the past 1D, Akash Network has changed +1.82% to RUB. Based on the trend and price charts, Akash Network(AKT) has changed +1.82% to RUB while Russian Ruble(RUB) has changed % to AKT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₽521.69
0.0001% / 0.0004%vip-iconVIP
Huobi
₽519.64
0.1000% / 0.1000%
Yes
Gate.io
₽518.21
0.1000% / 0.1000%
Yes
KuCoin
₽519.82
0.1000% / 0.1000%
Yes
Last updated 2024/05/20 18:00:19(UTC+0)

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What factors influence the conversion rate of Akash Network to Russian Ruble?

Akash Network to Russian Ruble is rising this week.
Akash Network's current market price is ₽ 521.69 per AKT, with a total market cap of ₽ 123,870,116,375.37 RUB based on a circulating supply of 237,438,140 AKT. The trading volume of Akash Network has changed by +60.04% (₽ 1,234,981,940.49 RUB) in the last 24 hours. Last trading day, AKT's trading volume was ₽ 2,057,079,271.99.
Market cap
$1.37B
24h volume
$36.34M
Circulating supply
237.44M AKT

Conversion tables

The exchange rate of Akash Network is increasing.
1 AKT is currently valued at ₽ 521.69 RUB , which means buying 5 AKT will cost ₽ 2,608.47 RUB . Similarly, ₽1 RUB can be traded for 0.001917 AKT, and ₽50 RUB can be converted to 0.09584 AKT, excluding any platform or gas fees.
The exchange rate of 1 AKT to Russian Ruble has changed by +4.95% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.82%, reaching a high of 522.35 RUB and a low of 485.68 RUB . One month ago, the value of 1 AKT was ₽ 370.72 RUB , which represents a +40.75% change from its current value. Over the last year, Akash Network has changed by
+
37.87RUB
, resulting in a change of +1599.53% in its value.

AKT to RUB

Amount
18:33 today
0.5 AKT
260.85
1 AKT
521.69
5 AKT
2,608.47
10 AKT
5,216.94
50 AKT
26,084.71
100 AKT
52,169.43
500 AKT
260,847.13
1000 AKT
521,694.26

RUB to AKT

Amount18:33 today
0.5RUB0.0009584  AKT
1RUB0.001917  AKT
5RUB0.009584  AKT
10RUB0.01917  AKT
50RUB0.09584  AKT
100RUB0.1917  AKT
500RUB0.9584  AKT
1000RUB1.92  AKT
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Today vs. 24 hours ago

Amount18:33 today24 hours ago24h change
0.5 AKT$2.88$2.83
+1.82%
1 AKT$5.76$5.66
+1.82%
5 AKT$28.8$28.28
+1.82%
10 AKT$57.6$56.57
+1.82%
50 AKT$287.98$282.84
+1.82%
100 AKT$575.95$565.68
+1.82%
500 AKT$2,879.75$2,828.38
+1.82%
1000 AKT$5,759.51$5,656.76
+1.82%

Today vs. 1 month ago

Amount18:33 today1 month ago1M change
0.5 AKT$2.88$2.05
+40.75%
1 AKT$5.76$4.09
+40.75%
5 AKT$28.8$20.46
+40.75%
10 AKT$57.6$40.93
+40.75%
50 AKT$287.98$204.64
+40.75%
100 AKT$575.95$409.28
+40.75%
500 AKT$2,879.75$2,046.38
+40.75%
1000 AKT$5,759.51$4,092.76
+40.75%
Buy Akash Network for 1 RUB
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount18:33 today1 year ago1Y change
0.5 AKT$2.88$0.1707
+1599.53%
1 AKT$5.76$0.3415
+1599.53%
5 AKT$28.8$1.71
+1599.53%
10 AKT$57.6$3.41
+1599.53%
50 AKT$287.98$17.07
+1599.53%
100 AKT$575.95$34.15
+1599.53%
500 AKT$2,879.75$170.73
+1599.53%
1000 AKT$5,759.51$341.46
+1599.53%

Akash Network price prediction

What will the price of AKT be in 2025?

Based on AKT's historical price performance prediction model, the price of AKT is projected to reach $7.89 in 2025.

What will the price of AKT be in 2030?

In 2030, the AKT price is expected to rise by -8.00%. By the end of 2030, the AKT price is projected to reach $16.7, with a cumulative ROI of +190.04%.
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Buy Akash Network for 1 RUB
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A welcome pack worth 1000 USDT for new Bitgetters!
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