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Foreign Exchange in Russia

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Foreign Exchange in Russia

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Foreign Exchange in Russia

Money

The currency in Russia is the Russian rouble (RUB).

Most hotels, restaurants and larger shops accept credit cards, and there are ATMs in most major cities. However, it is advisable to have the cash equivalent of around £200 in roubles with you to meet any cash expenses. Taxi drivers are unlikely to accept card payments.

Let your credit/debit card provider know where you’re going to avoid your card being blocked for anti-fraud reasons.

Most major high street banks and currency exchange providers in the UK can pre-order roubles. If you plan to buy roubles in Russia, you should take US dollars or euros to exchange, and only change money at banks, hotels and airport exchange bureaux. It is an offence to change money from street traders.

It is illegal to pay directly for general transactions with dollars or euros.

Travellers’ cheques are not widely accepted.

How to send money to Russia

Simply register online and follow our straightforward booking process. You will need to have the following details handy to make a transfer to Russia;

  • Beneficiary name – Please enter the full beneficiary name to enable the bank to accept the payment. No nicknames
  • Bank name – Please enter the full name of financial institution
  • Bank Account Number - The recipient's bank account number
  • Swift code - A Swift code consists of 8 or 11 characters, both numbers and letters
  • You may want to add a reference that is relevant to your payment

Additional foreign exchange services

MultiPay – Multiple outbound payments

Whether you pay one or hundreds of overseas invoices per month, we manage, convert, track and deliver your funds in one simple step. You send one spreadsheet detailing beneficiaries, amounts and currencies. We fulfill all payments at our bank beating rates, with just a single payment required from you to settle all payments.

AutoPay - Regular inbound payments

Do you receive foreign currency payments on a regular basis? If so then AutoPay is the ideal solution for seamlessly managing your payments.Using our currency account details on your overseas invoices you can have your funds converted into the currency of your choice at our bank beating rates and sent to your bank account automatically and with no delay, saving you time and money.

Book a forward contract

If you have a foreign exchange requirement in the next 12 months and wish to protect yourself against potential losses caused by market movements then booking a forward is the best way to receive the rate you want.

Place an Order

Booking an Order allows you to select the exchange rate you would like to achieve and we will handle the rest for you, and will automatically book your currency exchange if your rate becomes available.


Click here to Ask an Expert about Foreign Exchange in Russia

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