The 2018 FIFA World Cup will take place in Russia from June 14 to July 15, 2018. Eleven Russian cities, namely Moscow, St. Petersburg, Kaliningrad, Volgograd, Kazan, Nizhny Novgorod, Samara, Saransk, Rostov-on-Don, Yekaterinburg and Sochi, will host the championship’s matches.

The Russian currency is the ruble (sometimes rouble) shorthand RUB, which is subdivided into 100 kopeks. Although, like most currencies it has had a turbulent history that mirrors the countries history, it is one of the worlds oldest National currencies after the pound sterling.

Many fans travelling for the World Cup this year have a favourable foreign exchange rate on their side as the ruble has lost over 10 percent of its value in the past year making everything cheaper for UK tourists visiting Russia.

The Russian ruble has also depreciated over 8 percent against the U.S. dollar so far this year, making it the sixth worst performer among the 147 currencies. The currency has weakened over 3 percent against the Indian rupee.

But people travelling from World Cup favourites Brazil and Argentina aren’t so lucky since their currencies have fared worse the ruble this year.

If you’re headed to Russia this year, there’s a few money matters you should be aware of. For example, it is illegal to pay directly for general transactions with dollars or euros. It is also an offence to change money from street traders.

You can buy rubles before departure, and it’s probably a good idea to have some on you when you arrive. If you’re planning to exchange once you get to Russia, you should only use US dollars or euros and it is also recommended that you only change money at banks, hotels and recognised exchange kiosk.

If you’re travelling to Russia soon you’ll want to get the best deal on your rubles. You can use our currency calculator to compare deals from regulated Brokers and Banks who are all competing live for your foreign exchange business on our multi-award winning platform.

At Kwanji our team of experts are ready to help your business get the best deal on foreign exchange rates despite volatile market conditions.

To discuss your currency requirements contact us on +44 (0) 2032 879 375, send an email to trading@kwanji.com or sign up below.

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