Ruble weakens up to 0.4% against major currency pairs in interbank trading

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The Russian ruble is weakening by up to 0.4% against major currency pairs in the interbank market.

On the interbank market, the ruble is trading at 11.80 rubles per Chinese yuan (CNY/RUB) on Thursday.

The USD/RUB currency pair is trading at 79.88 rubles per U.S. dollar.

It is worth noting that the 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 currency market starting December 27, 2024. This change, outlined in CBR Regulation No. 6956-U, aims to enhance the representativeness of official rates given the growing volume of over-the-counter transactions.

Starting June 8, 2026, the CBR revised the calculation method for the official euro-ruble exchange rate. Instead of using direct euro-ruble quotes, the CBR switched to a cross-rate calculation using data from the European Central Bank (ECB). The new methodology works as follows: EUR/RUB = USD/RUB × EUR/USD (ECB data).

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