“Moscow Exchange” from April 21 changed the parameters of the futures contract for the currency pair “Chinese yuan – Russian ruble”, the exchange said in a statement.

In particular, the nominal value of the contract has been reduced by 10 times – to 1000 yuan, as well as the price step and its value have been reduced.

“The changes are aimed at expanding the audience of the contract, as well as increasing its accessibility and convenience of operations for all categories of clients, which is especially important due to the growing volume of transactions with the Chinese yuan on the currency market of Moscow Exchange,” the press release said.

In March 2022, the volume of trading in yuan on the foreign exchange market reached a historic high and amounted to 512 billion rubles, which is 8 times higher than the volume of trading in the previous month.

According to the exchange, the growth of interest in operations with yuan, as well as with other currencies of friendly countries, is demonstrated by all categories of traders and their clients.

Thus, in March 2022 compared to February, the volume of transactions with the pair “Turkish lira – Russian ruble” increased by 13 times, with the pair “Belarusian ruble – Russian ruble” – by 10 times, with the pair “Kazakh tenge – Russian ruble” – by 2 times.

The trading code of the new contract is CNY, the contract lot is 1000 Chinese yuan, the minimum price step is 0.01 rubles, the price step cost is 10 rubles.