Ruble Strengthens Marginally by 0.1% Against Major Currencies on Friday

© Московская биржа

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

The dollar-ruble pair (USD/RUB) is trading at around 85.10 rubles (ask) per U.S. dollar.

On the interbank currency market, the ruble-yuan pair (CNY/RUB) is testing the level of 12.70 rubles (ask) per yuan on Friday.

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 currency market starting December 27, 2024. This change, outlined in Bank of Russia 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 Bank of Russia has adjusted 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 (ECB). The new formula is EUR/RUB = USD/RUB × EUR/USD (ECB data).

This overview was presented by Alexei Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.