Sending money to Russia is about as easy as it is sending money to any other country. There are many great options available to you, and some of them offer a great deal to you. If you are concerned about cost or speed, you will be able to find the right transfer method for you.
It should be noted that the Russian Ruble has gone through some turbulent years recently, but the currency has become relatively stable.
The current exchange rate for the Russian Ruble (RUB) is 64.1107 RUB per American Dollar (USD) as of the time this was written. The average exchange rate for the RUB was 64.9398 RUB per USD over the last 90 days. The RUB reached a low of 62.8891 RUB per USD, and a high of 66.9702 RUB per USD during the last 90 days.
The average volatility of the RUB against the USD was 0.82% over the last 90 days. This is a minor volatility rate, although the Russian Ruble has fluctuated significantly over the course of the last two years. You can reasonably expect moderate fluctuations to continue, barring any unforeseen circumstances.
The fastest way to transfer funds to Russia is through Ria Money Transfer’s fast service. Ria Money Transfer has offices in major Russian cities, including Moscow Saint Petersburg, and Kursk. With Ria Money Transfer’s fast service, your money should reach its Russian destination in a matter of minutes. It also doesn’t cost that much to use Ria Money Transfer’s fast service, when compared to the slower competition.
The cheapest way to send funds to Russia is through Western Union’s standard service. With Western Union’s cheaper (but much slower) option, you pay minimal upfront fees and the hidden currency conversion rates.
The only problem with Western Union is that it takes a long time. If you send money with Western Union, the wait time will be 3-5 days.
The easiest way to transfer money to Russia is through TransferWise. The process of sending funds to Russia with TransferWise is very simple. All you need to do is tap in the amount of money you want to send and the destination. After that, all you need to do is pay TransferWise, then your money is on its way.
TransferWise doesn’t cost much money to use either, and the delivery times are faster than most of the competition This is especially true considering the rates they offer.
The overall best way to get your money from anywhere you are to Russia is also through TransferWise. TransferWise offers the best balance between cost, speed, and ease of use. There is also something to be said of how ubiquitous TransferWise has become, as you can transfer funds to Russia from a huge selection of countries. In the end, TransferWise offers the most well-rounded option if you're transferring funds to Russia.