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

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The ruble strengthens marginally by 0.2% against major currency pairs in the interbank market.

On the interbank market, the ruble against the Chinese yuan (CNY/RUB) is trading at 12.66 rubles per yuan on Thursday.

The USD/RUB currency pair is trading at 85 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 in light of growing volumes of over-the-counter transactions.

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