Ruble weakens 0.2% against currency basket on Monday

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The Russian ruble is losing ground against a basket of currencies by around 0.2% on Monday.

On the interbank market, the ruble-to-Chinese yuan exchange rate (CNY/RUB) is trading at 11.78 rubles per yuan.

The ruble-to-US dollar exchange rate (USD/RUB) stands at 79.55 rubles per US dollar.

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

Since June 8, 2026, the CBR has revised the methodology for calculating the official euro-to-ruble exchange rate. Instead of relying on direct euro-ruble trading data, the CBR now calculates the rate using a cross-currency formula: EUR/RUB = USD/RUB x EUR/USD (based on European Central Bank data).

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