National currency loses ground by 0.2% on interbank market on Wednesday

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Russian Ruble Weakens Slightly on Interbank Market Wednesday

On the interbank market on Wednesday, the Russian ruble (RUB) is trading at 11.84 per Chinese yuan (CNY/RUB).

The USD/RUB pair is quoted at 80.33 rubles per U.S. dollar.

It is worth noting that the Central Bank of Russia (CBR) 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 foreign exchange market starting December 27, 2024. This change, outlined in CBR Regulation No. 6956-U, is aimed at enhancing the representativeness of official rates amid the growing volume of over-the-counter transactions.

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

Starting June 8, 2026, the CBR has changed the calculation method for the official euro-ruble (EUR/RUB) 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 methodology follows the formula: EUR/RUB = USD/RUB × EUR/USD (based on ECB data).

This overview was presented by Alexey 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.