National currency loses ground by 0.3% on interbank market on Wednesday

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Russian Ruble Loses Ground on Interbank Market by 0.3% on Wednesday

On the interbank market on Wednesday, the Russian ruble (RUB) is trading at 11.53 rubles per Chinese yuan (CNY/RUB).

The USD/RUB pair is quoted at 78.32 rubles per U.S. dollar.

It is worth noting that the Central Bank of Russia (CBR) will establish official exchange rates for foreign 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 measure, stipulated in CBR Regulation No. 6956-U, aims to enhance the representativeness of official rates in light of the growing volume of over-the-counter transactions.

The regulation also provides for the possibility of calculating exchange rates using cross-rates if trading data for certain currency pairs becomes unavailable.

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

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