Ruble Strengthens by 0.2% Against Major Currency Pairs in Interbank Trading

11:36; 20 August 2026 year

### Russian Ruble Strengthens Marginally on Interbank Market The Russian ruble is strengthening by about 0.2% against major currency pairs on the interbank market. On Thursday, the ruble is trading at 12.44 rubles per Chinese yuan (CNY/RUB) on the interbank market. The USD/RUB pair is trading at 83.85 rubles per U.S. dollar. The Central Bank of Russia (CBR) announced that starting December 27, 2024, it will set official foreign exchange rates based on consolidated data from both exchange-traded and over-the-counter segments of the currency market. This change, introduced by CBR Regulation No. 6956-U, aims to enhance the representativeness of official rates amid growing volumes of off-exchange transactions. Starting June 8, 2026, the CBR modified the calculation of the official euro-ruble exchange rate. Instead of using direct quotes for EUR/RUB, the bank switched to a cross-rate calculation using data from the European Central Bank (ECB). The new methodology is based on the formula: EUR/RUB = USD/RUB × EUR/USD (ECB data). This overview was prepared by Alexei Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.

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