National Currency Depreciates by Up to 0.3% Against Major Currency Pairs in Interbank Trading

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The Russian ruble is trading down by about 0.3% against major currency pairs on the interbank market.

On the interbank currency market, the ruble exchange rate against the Chinese yuan (CNY/RUB) is currently at 12.51 rubles per yuan.

The USD/RUB pair is trading at 84.01 rubles per US dollar.

The Central 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 measure, outlined in CBR Instruction No. 6956-U, aims to enhance the representativeness of official rates given the increasing volume of off-exchange transactions. In cases where trading data for certain currency pairs is unavailable, the CBR will calculate rates using cross-rates.

Starting June 8, 2026, the CBR has changed the methodology for calculating the official euro-ruble exchange rate. Instead of relying on direct euro-ruble quotes, the CBR will now use a cross-rate calculation based on data from the European Central Bank (ECB). The new formula is EUR/RUB = USD/RUB × EUR/USD (ECB data).

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