Ruble Strengthens by 0.3% Against Major Currencies on Friday

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The Russian ruble is strengthening by about 0.3% against major currencies on Friday.

On the interbank currency market, the ruble-yuan exchange rate (CNY/RUB) is testing the level of 11.31 rubles (ask) per yuan.

The dollar-ruble pair (USD/RUB) is trading at 76.83 rubles (ask) per U.S. dollar.

The Central Bank of Russia will set official exchange rates for foreign currencies against the ruble based on consolidated data from both exchange and over-the-counter segments of the currency market starting December 27, 2024. This change, outlined in Regulation No. 6956-U, aims to enhance the representativeness of official rates amid increasing volumes of over-the-counter transactions.

Starting June 8, 2026, the Central Bank of Russia altered the calculation method for the official euro-ruble exchange rate. Instead of using direct euro-ruble quotes, the bank will calculate the rate through a cross-currency formula using data from the European Central Bank: EUR/RUB = USD/RUB × EUR/USD (ECB data).

This overview was presented by Aleksey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.