What is the exchange rate?

What is the exchange rate?

The exchange rate is the price of one currency in relation to another. For example, if the USD/RUB rate is 90, it means 1 US dollar equals 90 Russian rubles.

Why does it matter?

If you're exchanging currency — online or in person — it's important to understand:

• How much you’ll receive after the exchange.

• Why exchange rates change — due to demand, economic events, or central bank decisions.

• Where to find a better rate — on the market, at a bank, or via an online platform.

Types of exchange rates:

• Official rate — set by a central bank (e.g., the Bank of Russia).

• Market (commercial) rate — determined by supply and demand, used by banks and currency exchange services.

What affects the rate?

• Economic conditions and inflation

• Political events and central bank policies

• Activity and sentiment on the financial markets

How to get a good rate?

• Compare rates across different providers

• Be aware of service fees or commissions

• Track trends — rates can change daily

Simple and transparent exchange

On our website, you always see the current exchange rate including commission — no hidden fees. Everything is transparent: you know exactly how much you'll get before confirming the exchange. Fast, secure, and convenient online currency conversion.