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

© Московская биржа

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

On the interbank market, the ruble is trading at 12.07 rubles per Chinese yuan (CNY/RUB) on Thursday.

The USD/RUB currency pair is trading at 81.50 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 starting December 27, 2024, based on consolidated data from both exchange and over-the-counter segments of the currency market. This change, outlined in CBR Regulation No. 6956-U, aims to enhance the representativeness of official rates amid increasing volumes 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 now calculates the rate through a cross-currency calculation 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 prepared by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.