Ruble Strengthens by 0.1% Against Major Currencies on Friday

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The Russian ruble is strengthening by around 0.1% against major currencies on Friday.

On the interbank currency market, the ruble-yuan exchange rate (CNY/RUB) is testing the level of 12.92 rubles (ask) per yuan.

The dollar-ruble pair (USD/RUB) is trading at 86.71 rubles (ask) per U.S. dollar.

The Central Bank of Russia 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 Bank of Russia Instruction No. 6956-U, aims to enhance the representativeness of official rates amid increasing volumes of over-the-counter transactions.

Starting June 8, 2026, the Central Bank of Russia changed the calculation method for the official euro-ruble exchange rate. Instead of using direct quotes for the euro-ruble pair, the Bank now calculates the rate through a cross-currency formula using data from the European Central Bank: EUR/RUB = USD/RUB × EUR/USD (ECB data).

This overview was presented 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.