Ruble Strengthens by 0.1% Against Major Currency Pairs in Interbank Trading

10:11; 28 July 2026 year

### Ruble Strengthens Marginally on Interbank Market The Russian ruble is trading slightly stronger, within 0.1%, against major currency pairs on the interbank market. On Tuesday, the ruble-to-yuan (CNY/RUB) exchange rate is hovering around 11.55 rubles per yuan. The USD/RUB pair is trading at approximately 78.35 rubles per U.S. dollar. Starting December 27, 2024, 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. This adjustment, outlined in CBR Regulation No. 6956-U, is intended to enhance the representativeness of official rates as off-exchange trading volumes expand. The regulation also provides for the calculation of exchange rates via cross-rates if trading data for certain currency pairs becomes unavailable. On June 8, 2026, the CBR changed the methodology for calculating the official euro-to-ruble (EUR/RUB) exchange rate. Instead of relying on direct quotes for the EUR/RUB pair, the CBR now calculates it using a cross-rate formula: EUR/RUB = USD/RUB × EUR/USD (based on European Central Bank data). This overview was prepared by Alexei Grischenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.

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