Ruble weakens up to 0.6% against major currency pairs in interbank trading

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The Russian ruble is weakening within 0.6% against major currency pairs in the interbank market.

On the interbank market, the ruble is trading at 12.38 rubles per Chinese yuan (CNY/RUB) on Thursday.

The USD/RUB currency pair is trading at 83.74 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 amid the growing volume of off-exchange transactions.

Since June 8, 2026, the Bank of Russia has revised the calculation method for the official euro-ruble exchange rate. Instead of relying on direct euro-ruble quotes, the CBR now calculates the rate using a cross-currency formula: EUR/RUB = USD/RUB × EUR/USD (based on data from the European Central Bank).

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" Faculty at the Financial University under the Government of the Russian Federation.