Ruble Sheds 0.1% Against Currency Basket on Monday

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Ruble Slightly Depreciates Against Currency Basket on Monday

On the interbank market on Monday, the following dynamics are observed: the ruble exchange rate against the Chinese yuan (CNY/RUB) is trading at 11.31 rubles per yuan.

The ruble-dollar pair (USD/RUB) stands at 76.64 rubles per U.S. dollar.

It is worth noting that the Bank of Russia will set official exchange rates for currencies against the ruble based on consolidated data from both exchange and over-the-counter segments of the foreign exchange market starting December 27, 2024. This change, outlined in Bank of Russia Instruction No. 6956-U, aims to enhance the representativeness of official rates in light of increasing volumes of over-the-counter transactions.

Since June 8, 2026, the Bank of Russia has revised its methodology for calculating the official euro-ruble exchange rate. Instead of relying on direct euro-ruble trading quotes, the central bank now calculates the rate through a cross-currency calculation using data from the European Central Bank. The new formula is EUR/RUB = USD/RUB × EUR/USD (based on ECB data).

This overview was presented by Alexei Grishchenko, Ph.D., professor at the Department of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.