Ruble Sheds 0.6% Against Currency Basket on Monday

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The Russian ruble is losing ground against a basket of currencies by around 0.6% on Monday.

On the interbank market, the ruble-to-Chinese yuan (CNY/RUB) exchange rate is trading at 12.60 rubles per yuan.

The ruble-to-US dollar (USD/RUB) pair is at 84.70 rubles per US dollar.

It is worth noting that the 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 foreign exchange market starting December 27, 2024. This measure, outlined in Bank of Russia Instruction No. 6956-U, is intended to enhance the representativeness of official rates amid growing volumes of over-the-counter transactions.

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