The exchange rate depends heavily on the exchange office or bank where you make the transaction: sometimes the difference is as much as a few roubles. But the mark-up can be avoided if you exchange money directly with the help of an exchange. Let’s consider where to buy currency favorably in the article.

How much money can you save?
Buying currency at the exchange rate is beneficial both for investors making large transactions and for those who invest small amounts. After all, in BCS the minimum amount of conversion is 1 conventional unit. It means that you can buy even 1 euro or 1 dollar in the application. The commission for the transaction will be 0% until 31.08.2022 for the tariff “Investor” and from 0.01% to 0.03% if you are a client with large assets and have connected the tariff “Trader”.

Let’s consider how it works by example. On June 25, 2022, the dollar rate on the stock exchange was 53.40 rubles. At the same time, the bank rate was 64.49 rubles. This means that if you bought 100 dollars at the exchange price for 5,340 rubles, the savings would be 1,109 rubles.
Why is it more profitable to change currency with a broker than in a bank?

Based on the official exchange rate of the Central Bank, commercial banks set the cost of currency. Usually, its purchase price is more expensive, while the sale price, on the contrary, is lower. This difference is called a spread, and at times of high demand it can reach several rubles. On the exchange, the spread tends to zero. Therefore, even in the presence of small commissions to buy currency is more profitable on the exchange, especially when it comes to large amounts. In this case, the difference between the cost of currencies on the exchange and in the bank is most noticeable.

In addition to the lack of spread, there is another advantage of the exchange. This is the cost of currency, which is as close as possible to its market price. Often in exchange offices currency can be purchased at a higher rate, which is disadvantageous for the investor. In addition, it will take much longer than buying on the exchange, which can be done with a few clicks in the application.

What restrictions are there on buying currency on the stock exchange for individuals?
Currency purchase is possible only during the period when the Moscow Exchange is open: Monday through Friday from 07:00 to 23:49 Moscow time. Exceptions are public holidays – on these days all trading is temporarily suspended. Also at present there is a restriction for currency transactions: it is possible to buy and sell it only from 10:00 to 19:00.

At the moment 9 currencies are available for purchase in BCS World of Investments application:

US dollars;
euros;
Hong Kong dollars;
Chinese yuan;
Turkish lira;
Kazakhstani tenge;
pounds sterling;
Japanese yen;
Belarusian rubles