National Currency Losing Ground by 0.2% Against Major Currency Pairs

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The national currency is losing ground within 0.2% against major currency pairs.

On the interbank market, the ruble to Chinese currency CNY/RUB is trading at 11.47 rubles per yuan on Thursday.

The currency pair USD/RUB is trading at 83.45 rubles per US dollar, while EUR/RUB is quoted at 94.50 rubles per euro.

It is worth noting that since June 13, 2024, the exchange rates for the US dollar (USD/RUB) and euro (EUR/RUB) are determined based on information from bank transactions, operations on digital platforms, and the over-the-counter market. At the same time, the Chinese yuan exchange rate (CNY/RUB) is calculated exclusively based on transactions concluded on the Moscow Exchange.

Data on executed transactions are formed from the following sources:

- results of trading on the currency market of the Moscow Exchange;

- information on transactions provided by banks;

- data from digital platforms of the over-the-counter market;

- if the data is missing in the above-mentioned sources, the exchange rate remains at the level of the previous day.

This overview was presented by Yulia Grishchenko, a member of the Expert Council of the Moscow Exchange Listing Committee, Ph.D. in Economics, Head of the Department of Financial and Investment Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.