Ruble Strengthens by Up to 0.4% on Interbank Market on Wednesday

12:24; 11 November 2026 year

### Russian Ruble Strengthens Slightly on Interbank Market **Course Overview:** On Wednesday, the Russian ruble is strengthening by about 0.4% on the interbank market. - The ruble-to-Chinese yuan (CNY/RUB) rate is currently trading at 12.39 rubles per yuan. - The USD/RUB pair is trading at 82.96 rubles per U.S. dollar. **Bank of Russia Announcement:** Starting December 27, 2024, 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. This change aims to enhance the representativeness of official rates given the growing volume of over-the-counter transactions, as outlined in Bank of Russia Regulation No. 6956-U. Additionally, the document provides for the possibility of calculating exchange rates using cross-rates if trading data for certain currency pairs becomes unavailable. **Euro-Ruble Rate Adjustment:** As of June 8, 2026, the Bank of Russia modified the calculation of the official euro-ruble (EUR/RUB) exchange rate. Instead of using direct euro-ruble trading quotes, the rate is now calculated through a cross-rate using data from the European Central Bank (ECB). The new methodology follows the formula: EUR/RUB = USD/RUB × EUR/USD (ECB data). **Expert Analysis:** 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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