Bank of Russia to change procedure for calculating official exchange rate of euro (05.06.2026)

From 8 June 2026, the Bank of Russia sets the official euro/ruble exchange rate based on the US dollar/ruble and euro/US dollar exchange rates set by the European Central Bank as of 15.30 Moscow time on the same business day.

This change is associated with low trading in the euro/ruble currency pair in the domestic FX market, which makes the daily direct calculation of the euro/ruble exchange rate based on actual FX transactions less representative.

As before, the US dollar/ruble exchange rate will be calculated based on reporting data from credit institutions on the results of interbank FX transactions in the over-the-counter (OTC) FX market.

The Bank of Russia usually publishes the official exchange rates on its website before 18.00 Moscow time.