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

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The Russian ruble strengthens by up to 0.4% against major currency pairs in the interbank market.

On the interbank market, the ruble to Chinese yuan (CNY/RUB) exchange rate stands at 12.01 rubles per yuan on Thursday.

The USD/RUB currency pair is trading at 80.01 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 change, outlined in Bank of Russia Regulation No. 6956-U, is aimed at enhancing the representativeness of official rates amid growing volumes of off-exchange transactions.

Starting June 8, 2026, the Bank of Russia adjusted the calculation method for the official euro-ruble (EUR/RUB) exchange rate. Instead of direct quotes for EUR/RUB transactions, the 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 Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.