Ruble weakens up to 0.6% against major currency pairs in interbank trading

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The Russian ruble is losing ground on the interbank market, trading down within 0.6% against major currency pairs.

On the interbank currency market, the ruble-to-yuan (CNY/RUB) exchange rate is trading at 11.33 rubles per yuan on Tuesday.

The USD/RUB pair is trading at 78.84 rubles per U.S. dollar.

The Central Bank of Russia (CBR) will set official exchange rates for foreign currencies against the ruble starting December 27, 2024, based on consolidated data from both exchange and over-the-counter segments of the currency market. This change, outlined in CBR Directive No. 6956-U, aims to enhance the representativeness of official rates amid growing volumes of off-exchange transactions. The directive also allows for calculating currency rates using cross-rates if data for certain currency pairs is unavailable.

Effective June 8, 2026, the CBR revised the methodology for calculating the official euro-to-ruble (EUR/RUB) exchange rate. Instead of using direct EUR/RUB quotes, the CBR will calculate the rate using a cross-rate formula: EUR/RUB = USD/RUB × EUR/USD (based on European Central Bank data).

This analysis was presented 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.