Lexi Webster
If you're travelling to Moscow, Russia, and are looking to exchange your Australian dollars for Russian rubles, there are a few things to keep in mind. Firstly, it's important to note that Russian rubles are the only accepted form of payment in Russia, so exchanging your Australian dollars beforehand is essential. While some sources suggest exchanging your Australian dollars for US dollars or euros before travelling to Russia, others recommend simply withdrawing rubles from ATMs in Moscow using your Australian bank card, as exchanging Australian dollars in Moscow may prove challenging.
| Characteristics | Values |
|---|---|
| Currency in Russia | Rubles |
| Australian dollars in Russia | Can be exchanged at some specialised exchange offices |
| Exchange offices in Moscow | Sberbank, VTB, or Tinkoff |
| Documents required for exchange | Passport |
| ATM cards that work in Moscow | Westpac, 28 Degrees Mastercard, Citibank Plus Transaction Account with a debit Visa, Cash Passport |
| Credit cards that work in Moscow | Visa, Mastercard, American Express |
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What You'll Learn
Using a credit card to withdraw rubles from an ATM
Australian dollars are considered an exotic currency, and very few banks in Russia will accept them. Therefore, it is not recommended to rely on Australian dollars when travelling to Moscow.
If you don't want to exchange currency twice, it is best to bring a credit card (preferably Visa or Mastercard) and use it to withdraw rubles from an ATM once you arrive in Moscow. However, due to international sanctions, Visa, Mastercard, and American Express cards issued outside of Russia do not currently work within the country.
If you are looking to use a credit card to withdraw rubles from an ATM in Moscow, one possible option is to purchase a UnionPay card. UnionPay is a Chinese card that is not subject to sanctions in Russia and allows payments to be made at Russian merchants and withdrawals at some ATMs in Russia. However, UnionPay cards are harder to obtain, and transaction fees may apply.
Another option is to purchase a bank card in Russia attached to the MIR system. MIR is a Russian payment system that has become the main card payment system in the country since the suspension of operations by Visa and Mastercard. To acquire a MIR card, you will need to provide a passport, visa (if required), and immigration card. Tinkoff and Raiffeisen are two banks that offer cards to foreigners and have branches in Moscow.
It is important to note that carrying cash is always an option, but it comes with the risk of theft and the possibility of running out of money. If you choose to carry cash, it is recommended to bring euros or US dollars and exchange them for rubles at a bank or exchange office in Moscow. Sberbank, VTB, and Tinkoff have branches everywhere and accept euros or dollars without any issues.
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Changing AUD to USD before travelling to Russia
If you're travelling to Russia from Australia, you might be wondering whether to change your Australian dollars (AUD) to US dollars (USD) before you leave, or once you arrive. Here are some things to consider:
Changing your AUD to USD before you leave Australia can be a good idea for several reasons. Firstly, Russian rubles are the only accepted form of payment in Russia, so you will need to exchange your AUD for a different currency at some point before you can use it. While it is possible to exchange AUD directly for rubles in Russia, this may only be available at specialised exchange offices, and the exchange rate may not be favourable. Changing your money in advance to a more widely accepted currency like USD can give you more options and potentially a better rate.
Additionally, exchanging your currency before you travel can save you time once you arrive in Russia, as you won't need to spend time looking for a suitable exchange office. It can also provide peace of mind, as you won't need to worry about finding a place that accepts AUD or getting stranded with cash you can't use.
Using ATMs in Russia
Another option for accessing rubles in Russia is to use your Australian bank card at ATMs. Many travellers have reported being able to use their Australian debit or credit cards to withdraw rubles directly from ATMs in Moscow and other Russian cities. This can be a convenient option, but be sure to check with your bank about any associated fees or transaction limits. It's also important to let your bank know you'll be travelling to Russia, or they may flag your card activity as suspicious and freeze your account.
Using Credit Cards in Russia
Using a credit card can be a convenient way to pay for purchases in Russia without needing to carry large amounts of cash. However, it's important to be aware of any conversion charges or foreign transaction fees that may apply. Some travellers have recommended using a travel-specific credit card, such as the 28 Degrees Mastercard, which does not charge foreign currency conversion fees.
Changing Money at the Airport
Exchanging money at the airport is an option, but it may not be the most cost-effective choice. Airport exchange rates are often less favourable than those found at other locations, so it may be better to wait until you reach your destination to exchange larger amounts of money.
In summary, while there are several options for changing AUD to rubles once you arrive in Russia, changing your AUD to USD before you travel can provide more flexibility and potentially better exchange rates. Combining this with the use of ATMs, credit cards, and strategic cash exchanges can help ensure you have access to money throughout your trip.
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Using a Cash Passport to withdraw rubles from an ATM
Australian dollars are considered an exotic currency and are not widely accepted in Moscow or Russia. It is recommended that you do not rely on Australian dollars when travelling to Moscow. You may get stranded with cash that no one will accept, and very few banks in Russia will exchange this currency.
One option is to use a Cash Passport to withdraw rubles from an ATM. A Cash Passport is a prepaid travel money card that can be loaded with multiple currencies, including Russian rubles. It allows you to withdraw local currency from ATMs worldwide and can be used for purchases at shops and restaurants that accept MasterCard.
- Before your trip, make sure you have a Cash Passport card and that it is loaded with funds. You can purchase and load your card online or at selected retailers.
- Notify the card provider of your travel plans to avoid any security blocks on your card while abroad.
- Look for ATMs that accept your Cash Passport card. In Moscow, you can find ATMs at banks, hotels, and on the street. Sberbank, VTB, and Tinkoff are popular options with branches everywhere.
- Insert your Cash Passport card into the ATM, following the instructions on the screen.
- Choose the option to withdraw cash and select the account from which you want to withdraw funds (if your card has multiple currencies).
- Enter the amount you wish to withdraw in rubles. Keep in mind the transaction fees and your daily withdrawal limit.
- Confirm the transaction and collect your cash and receipt from the ATM.
Using a Cash Passport can be a convenient way to access rubles in Moscow, but be mindful of any associated fees and charges. It is always a good idea to carry some local currency with you when travelling, and to have multiple payment options available, such as a credit card or a different type of travel card.
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Exchanging AUD for rubles at a specialised exchange office
If you are travelling from Australia to Russia, it is important to note that Russian rubles are the only form of legal tender in the country. Euros and US dollars are more widely accepted for exchange than Australian dollars, so it is recommended to exchange your currency for one of these before travelling to Russia.
If you do choose to bring Australian dollars to Russia, you may be able to exchange them for rubles at a specialised exchange office. These offices can be found in Moscow and St. Petersburg, and you will need your passport to perform the exchange. It is recommended to use a legal exchange office rather than exchanging money on the street or with individuals.
It is worth noting that some travellers have reported being able to exchange Australian dollars at Moscow airports, but the rates may not be favourable. Additionally, exchanging money at the airport or hotel is generally the most expensive option.
Another option is to use your Australian bank card to withdraw rubles directly from ATMs in Moscow. Several travellers have reported success using this method, and it can be more convenient than exchanging physical currency. However, it is important to let your bank know that you are travelling to Russia in advance to avoid any issues with your card being blocked due to suspicious activity. Additionally, be aware of any bank fees and conversion fees that may apply.
Overall, while it is possible to exchange Australian dollars in Moscow, it is generally recommended to bring a more widely accepted currency or use a bank card to withdraw rubles directly.
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Exchanging AUD for rubles at a bank
It is important to note that Australian dollars are considered an exotic currency in Russia, and very few banks in the country would trade it. However, if you are set on exchanging AUD for rubles at a bank, here is some information that might be useful.
Firstly, it is recommended to exchange your currency for euros or US dollars before travelling to Russia, as these are more widely accepted and will ensure you get a better exchange rate. This is because Australian dollars are not widely accepted in Moscow or Russia more generally, and you may find yourself stranded with a currency that no one will take.
If you do decide to bring AUD to Moscow, you may be able to exchange it for rubles at specialised exchange offices or some banks. Sberbank, VTB, and Tinkoff have branches everywhere and accept euros and US dollars without any issues, but it is unclear if they accept AUD. You will need your passport to exchange currency at a bank, and they generally do not charge a commission, although exchange rates may vary. Downtown bank branches usually offer good rates and are more accustomed to dealing with tourists.
It is worth noting that some banks and exchange offices may only accept banknotes in pristine condition, with no tears, stamps, or cracks.
Finally, it is recommended to avoid exchanging currency at the airport, hotel, or on the street, as these options may be more expensive or unsafe.
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Frequently asked questions
You can exchange Australian dollars for rubles at specialized exchange offices in Moscow. Sberbank, VTB, and Tinkoff have branches everywhere and accept foreign currency. You will need your passport, and they generally don't charge a commission, although exchange rates may vary.
It is recommended to bring euros or US dollars and exchange them in Moscow, as Australian dollars are considered an exotic currency and not many places will exchange them.
Yes, you can withdraw rubles directly from an ATM using your Australian bank card. However, you should be aware of any bank fees and conversion fees that may be charged.
Yes, the 28 Degrees Mastercard and the Citibank Plus Transaction Account with a debit Visa attached are recommended by some travellers for having no foreign currency conversion fees and no annual fees.
Yes, exchanging money at the airport or hotel is reportedly the most expensive option. It is also important to let your bank know that you are travelling to Russia, or they may decide your card has been stolen and lock your account.
