how to buy russian rubles

Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods.

If you’re travelling to Russia, it’s important to shop around and compare currency suppliers to maximise your chances of getting a good deal. We can help you to find the best Russian ruble exchange rate by comparing a wide range of UK travel money suppliers who have Russian rubles in stock and ready to order online now. Our comparisons automatically factor in all costs and commission, so all you need to do is tell us how much you want to spend and we’ll show you the top suppliers who fit the bill. If you need your Russian rubles sooner and don’t have time to wait for the rates to improve, you can still save money by comparing rates from a range of different providers before you buy. Online travel money suppliers usually have better Russian ruble rates than high street exchanges, but supermarkets are a good compromise if you want to collect your currency in person and still get a decent rate.

how to buy russian rubles

For a three-course meal in a mid-range restaurant, the cost will be in the area of 1200 rubles per person. The Russian ruble is currently worth around $0.0088, after falling over 30 percent in the past week. Banks and other financial institutions have placed restrictions on non-residents of Russia purchasing rubles. You can easily see if the exchange is registered by going to FinCen’s registrant search and typing in the exchange’s legal name or DBA (doing business as) name. If you cannot find the business in the registry, you should not give out your credit card or any other type of personal information.

Find out if any providers are available for transfers to Russia:

Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Buying rubles online is the most convenient option, but it’s not the only one. So, let’s talk about how to buy Russian rubles in person in the US. And you essentially have one practical option – banks and credit unions (you can also buy rubles at airport kiosks, but their fees are exorbitant). They add hidden markups to their exchange rates – charging you more without your knowledge.

how to buy russian rubles

Our currency rankings show that the most popular Russian Ruble exchange rate is the RUB to USD rate. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. While it could seem like a great investment to purchase rubles at the current price, the Russian economy is in a highly volatile and bearish state. There isn’t an estimation of when the ruble’s price will increase.

Convert USD to RUB at the real exchange rate

However, cards issued inside Russia will continue to work as long as the transactions you make are done within Russia. A writer and editor at Monito, Jarrod is passionate about helping people apply today’s powerful finance technologies to their lives. He brings his background in international affairs and his experiences living in Japan to provide readers with comprehensive information that also acknowledges the local context. The Russian ruble has been in use since the 13th century and is the second-oldest national currency in the world after the British pound. It’s a good idea to buy Russian Rubles before you head off to Russia. Local money changers will prefer Euros or US dollars and rates for Pounds Sterling aren’t good.

It isn’t often you see the value of the ruble this low, so it’s safe to say the Russian economy is in a very volatile market. Stocks and Russian-based securities may be a risky investment, but some people think that purchasing the ruble could be a safer pick. Once you place the order, the currency will arrive at your address within 24 – 48 hours. Your shipment will be fully insured and we will only send fresh, crisp banknotes.

Here are some handy facts about cash and card payments in the Russian Federation. Check live rates, send money securely, set rate alerts, receive notifications and more. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate.

  1. It is likely that at the time of your search, no service can carry out your transfer to Russia.
  2. However, it is very easy to check the validity of an online exchange.
  3. Credit cards offer full financial protection, and your money is protected by law under Section 75 of the Consumer Credit Act.

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Xe Currency Charts

However, it is very easy to check the validity of an online exchange. Every MSB (Money Service Business) is obligated to register with the US Department of Treasury pursuant to the Bank Secrecy Act. We couldn’t find any supermarkets in the UK who are selling Russian rubles right now. Timing is key if you want to maximise your Russian rubles, but the best time to buy will depend on the current market conditions and your personal travel plans. If you have Russian Rubles to sell, follow this link to exchange Russian Rubles to Pounds, click on ‘sell currency’ and select ‘RUB Russian Ruble’.

This aspect is important both for security reasons and because it determines how easy your transaction will be. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Purchasing the ruble may be difficult to do in itself because various exchanges and banks have limited or banned non-residents of Russia from purchasing the currency. Exchange rates can also be costly depending on the amount of ruble you plan to purchase. Considering the country’s current economic situation, exchange rates could rise.

Popular Russian Ruble (RUB) Currency Pairings

Be aware that many credit cards charge a cash advance fee (typically around 3%) for buying currency, so you may have to weigh up the benefits of full financial protection with the extra cost of using a credit card. Always place your order online, even if you plan to collect your currency in person. Most supermarkets and high street currency suppliers offer better exchange rates if you order online beforehand. If you are one of these people, we’ll expand on your options in this article and give a few pointers for avoiding scams.

Order Russian Rubles online and have them delivered fast and securely to your home or office, with Royal Mail Special Delivery Guaranteed®. Banknotes in circulation in Russia are 50 rubles, 100 rubles, 200 rubles, 500 rubles, 1000 rubles, 2000 rubles and 5000 rubles. The banknotes of 5 and 10 rubles are being replaced by coins. We recommend bringing some Russian Rubles in cash with you on your trip to Russia. That way you will be able to pay for the purchases when card payments aren’t available.