Ruble Strengthens by 0.3% Against Major Currency Pairs in Interbank Trading

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The Russian ruble is strengthening within 0.3% against major currency pairs in the interbank market.

On the interbank market, the ruble to Chinese yuan (CNY/RUB) exchange rate is trading at 12.57 rubles per yuan on Thursday.

The USD/RUB currency pair is trading at 84.43 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 combined data from both exchange-traded and over-the-counter segments of the foreign exchange market starting December 27, 2024. This change, outlined in CBR Regulation No. 6956-U, aims to enhance the representativeness of official rates amid growing volumes of over-the-counter transactions.

Starting June 8, 2026, the CBR has altered the calculation of the official euro-ruble (EUR/RUB) exchange rate. Instead of relying on direct euro-ruble trading 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 prepared by Alexei Grishchenko, Ph.D., professor at the Department of Operational and Sectoral Management at the Faculty of Higher School of Management, Financial University under the Government of the Russian Federation.