Ruble Strengthens by Up to 0.4% Against Major Currency Pairs in Interbank Trading

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The Russian ruble is strengthening by up to 0.4% against major currency pairs on the interbank market.

On the interbank market, the ruble is trading at 12.45 rubles per Chinese yuan (CNY/RUB) on Thursday.

The USD/RUB currency pair is trading at 83.49 rubles per U.S. 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 change, introduced by Bank of Russia Instruction No. 6956-U, aims to enhance the representativeness of official rates in light of increasing volumes of over-the-counter transactions.

Starting June 8, 2026, the Bank of Russia revised the calculation method for the official euro-ruble exchange rate. Instead of using direct euro-ruble quotes, the central bank 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 presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.