Ruble weakens up to 1.4% against major currency pairs in interbank trading

11:41; 23 June 2026 year

### Ruble Loses Ground by 1.4% Against Major Currency Pairs on Interbank Market The Russian ruble is trading lower by approximately 1.4% against major currencies on the interbank market. On Tuesday, the ruble-to-yuan (CNY/RUB) exchange rate stands at 11.12 rubles per yuan. The USD/RUB pair is trading at 77.17 rubles per U.S. dollar. The Central Bank of Russia (CBR) has announced that starting December 27, 2024, it will set official foreign exchange rates based on combined data from both exchange-traded and over-the-counter segments of the currency market. This change is aimed at enhancing the representativeness of official rates amid the growing volume of off-exchange transactions. The adjustment is outlined in CBR Regulation No. 6956-U, which also allows for the calculation of exchange rates using cross-rates if trading data for certain currency pairs becomes unavailable. Starting June 8, 2026, the CBR changed the methodology for calculating the official euro-to-ruble (EUR/RUB) exchange rate. Instead of relying on direct EUR/RUB quotes, the bank now calculates the rate using a cross-rate formula: EUR/RUB = USD/RUB × EUR/USD (based on data from the European Central Bank). This analysis was prepared by Alexei Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Faculty of Higher School of Management, Financial University under the Government of the Russian Federation.

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