It’s important to make sure that you understand the fees before using these services. Order currency online: If your bank doesn’t allow online orders, you can also exchange currency through third-party providers like Xe.
However, it does charge a shipping fee of $7.50 on orders less than $1,000. For example, Bank of America doesn’t charge its account holders an exchange fee. Since you already have a relationship with your bank, they’re likely to give you the best exchange rate and charge you the fewest fees.
#RUSSIA RUBLE TO USD HOW TO#
$500 USD x 57.54 = 29,25028,770 RUB How To Buy RublesĮxchange at a bank or credit union before your trip: Ordering currency from your local banking institution is usually the most cost-effective way to make an exchange. At the current exchange rate, your conversion equation would look like this: Let’s say that you have $500 USD and you’d like to know how much you’d have to spend if you took a trip to Russia. At the time of writing, $1 USD is equivalent to 57.54 RUB. However, if you’re going to go this route, you’ll need to look up the current exchange rate. The other option is to do the conversion manually. Foriegn merchants may also impose additional fees if you ask them to convert a price into USD at checkout. For instance, most credit card processors and ATM networks charge a 1% conversion fee on all foreign transactions. Since exchange rates change quickly, using a calculator can ensure the information you’re getting is accurate and up-to-date.īear in mind that exchanging currency usually comes with fees attached, which will likely not be taken into account by your calculator. Using a currency conversion calculator is a smart way to estimate what you’ll get once you’re ready to exchange funds. You can either use a currency calculator for the equation or do it by hand. It’s fairly easy to calculate a conversion of U.S. Via Wise website How to convert US Dollars to Rubles
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