Banks and Money Changers in Moscow with Best Exchange Rates

For those who are brand new to the currency of Russia, then the country’s official currency is Ruble (RUB). Banknotes are issued in denominations 50, 100, 500, 1000, and 5000 rubles. Coins come in 1, 2, 5, and 10 rubles.

The most convenient way to access local currency in Moscow is withdrawing cash from ATMs. But, as you have already known, this requires you to pay the cross-border fee.

To avoid this, many opt to exchange money at banks or money changers instead. Similar to what it is in South Korea and China, banks are the places in Russia that have the best exchange rates, compared with independent money changers. It is quite convenient as all Moscow’s banks offer currency exchange services.

It is worth a mention that most of the banks only accept the major currencies such as USD, EUR, GBP, CHF, and JPY. If yours is not among these, then you should check out UniCredit Bank as the variety of currencies they are trading is broader.

Listed below are recommended banks and money changers which are popularly known to provide good rates and services.