VTB Forex Expands Currency Instruments, Adding CNY/RUB and USD/CNY Pairs
VTB Forex has broadened its lineup of currency instruments for forex trading, the bank’s press service announced. The newly available CNY/RUB and USD/CNY pairs give traders more options to participate in the dynamic currency markets tied to China and Russia.
According to Vladimir Kostyukov, Deputy Director of VTB Forex, these yuan-based pairs are expected to gain traction and become important components of a trader’s portfolio. The expansion aligns with strategies to incorporate popular and high-demand instruments in the investment market, a move that mirrors broader market trends observed in major exchanges.
As Kostyukov emphasized, VTB Forex has long been committed to introducing innovative products and expanding access to foreign exchange opportunities. He noted that the Moscow Exchange played a pivotal role as the first organized yuan market outside of China, and VTB Forex was among the first forex dealers in Russia to open yuan accounts for clients seeking yuan-denominated forex investments. The goal, he stated, is to provide practical avenues for using foreign currency assets within the forex market, offering traders another tool to manage risk and pursue growth.
Historical data from the Russian foreign exchange market shows strong yuan activity. In April 2023, the CNY/RUB pair accounted for a substantial share of trading turnover, reaching a notable level, while the USD/RUB pairing represented a smaller portion of turnover the same year. These shifts reflect a broader trend toward greater acceptance of the yuan in Russia’s currency markets, with traders increasingly considering yuan-denominated instruments as part of diversified portfolios.
Recent figures from the Moscow Stock Exchange highlight a remarkable surge in yuan trading against the ruble since early 2022. The yuan-ruble turnover has risen dramatically, signaling heightened liquidity and growing interest from Russian investors in yuan-based assets. This growth underscores the yuan’s evolving role in Russia’s capital markets and its potential to influence currency strategies for traders and institutions alike.
Analysts at VTB My Investments project rising interest in yuan-denominated bonds issued by Russian entities, reflecting a broader appetite for yuan exposure among Russian participants. The projection for the CNY/RUB parity by year-end is complemented by a forecast for the ruble-dollar exchange rate, illustrating how yuan-linked instruments may interact with broader currency dynamics. As always, market participants should monitor policy developments, trade flows, and shifts in global risk sentiment that can affect liquidity and pricing in yuan-related instruments.
In summary, the addition of CNY/RUB and USD/CNY pairs strengthens VTB Forex’s offering and supports a more diversified approach to currency trading. The move aligns with ongoing market evolution, where yuan liquidity, cross-currency demand, and strategic positioning in fx markets continue to shape trading opportunities for Canadian and U.S. investors looking for expanded access to yuan-driven strategies and hedging tools. Market observers will watch how these pairs perform in changing macro conditions and what this means for portfolio construction and risk management across North America and beyond.