Ruble Sheds 0.1% on Interbank Market on Wednesday

11:40; 28 October 2026 year

### Ruble Dips Slightly on Interbank Market The Russian ruble (RUB) is trading marginally lower by about 0.1% on the interbank market on Wednesday. - The ruble is currently trading at 12.06 rubles per Chinese yuan (CNY/RUB). - The USD/RUB pair is trading at 80.64 rubles per U.S. dollar. Starting December 27, 2024, 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 foreign exchange market. This change is aimed at enhancing the representativeness of official rates given the growing volume of over-the-counter transactions. The decision is outlined in CBR Regulation No. 6956-U. The regulation also provides for the possibility of calculating exchange rates using cross-rates if trading data for certain currency pairs is unavailable. Starting June 8, 2026, the CBR changed the methodology for calculating the official euro-ruble exchange rate. Instead of using direct quotes for the euro-ruble pair, the CBR now calculates the rate through a cross-rate using data from the European Central Bank (ECB). The new formula is EUR/RUB = USD/RUB × EUR/USD (based on 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.

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