The Central Bank of Russia will change the methodology for setting the official euro/ruble exchange rate from 8 June 2026. The rate will be derived from the US dollar/ruble exchange rate and the euro/US dollar exchange rate set by the European Central Bank as of 15.30 Moscow time on the same business day, rather than being calculated directly each day from actual euro/ruble foreign exchange transactions. The bank linked the change to low trading in the euro/ruble pair in the domestic foreign exchange market, which it said makes direct daily calculation less representative. The official US dollar/ruble exchange rate will continue to be calculated from credit institutions' reporting data on interbank foreign exchange transactions in the over-the-counter market. The Central Bank of Russia usually publishes official exchange rates on its website before 18.00 Moscow time.
Central Bank of Russia changes official euro to ruble rate methodology from 8 June 2026 using the ECB euro to US dollar rate
The Central Bank of Russia will change its methodology for setting the official euro/ruble exchange rate from 8 June 2026, deriving it from the US dollar/ruble rate and the European Central Bank’s euro/US dollar rate as of 15:30 Moscow time. The authority cited low domestic trading in the euro/ruble pair as the reason and confirmed that the official US dollar/ruble rate will continue to be based on reported over-the-counter interbank transactions.