How to buy the currency at the exchange, and why it is beneficial

Arseny and Boris met on vacation in Europe. Both bought for 1000 euros, but one spent on it 78 500 rubles, and the second - 77 200. Boris just bought currency at the exchange and saved. We explain how it happened.

If you've ever bought a currency, it is likely to do so either in a bank or in the exchanger. Trade currencies in Russia only if you have a banking license. Therefore, any formal exchanger - is also a bank, even if the names you've never heard. So everything that we write about exchangers true for banks - and vice versa.

Why on the stock exchange and in exchange different currencies

In Russia, the official exchange rate determined by the Central Bank. Daily until 15:00 he determines the value of foreign currencies against the ruble, given the supply and demand in the currency market. Simply put, the central bank focuses on the exchange rate.

Exchangers are oriented on the Central Bank exchange rate, and exchange rate. When the Central Bank sets the course for the next day, they are already beginning to correct his. It is the same with the stock exchange if the exchange rate during the auction varies, the exchangers may not be in the Central Bank and will begin to sell the currency at the new price.

Example. In "Black Tuesday", December 16, 2014, the dollar during trading above 80 rubles, and the euro - 100. Although the Central Bank exchange rate on the day was at 61 and 76 rubles respectively, in exchange dollar sold for 85 euros and 90.

At the stock exchange the difference between the purchase and sale of currency rates (aka - the spread) is minimal. Exchangers such can not afford: they earn on spreads. In addition, they work with cash, but this additional cost. Not to remain in negative territory, the exchangers are doing spreads as much as possible.

What you need to know when buying currency at the exchange

Exchange is not staffed

On the Moscow stock exchange to buy the currency on weekdays from 10:00 to 23:50 Moscow time. If suddenly you have to buy dollars on a Saturday morning - nothing will come, will have to wait until Monday.

Typically, the currency needed to buy lots

At the stock exchange the currency bought lots: for example, the Moscow Stock Exchange Lot 1 - it is 1000 units. Therefore, most brokers offer to buy on the Moscow stock exchange amount, fold 1000. Buy 300 or 1500 dollars through them will not work.

In trading on the stock exchange through the "Tinkoff Investments"There is an advantage: you can buy any number of dollars or euros - at least 1, at least 15 or 1574. The main thing is that the number to be an integer. For example, you can not buy 0.5 dollars.

commission for the transaction

In exchange, you simply buy a currency, paying for her rubles. At the stock exchange will have to pay a commission to the broker for the fact of the transaction.

The "Tinkoff Investments" has several tariffs. For deals worth less than 181 000 rubles a month suitable tariff "Investor". On it commission is 0.3% of the transaction. Subscription fee - 99 ₽ / month. It must pay only if this month you make a deal.

How to buy foreign currency on the exchange: a detailed guide

Physical persons can not trade directly on the exchange. To do this, they must enter into a contract with a broker who will represent their interests. He opens an account with which you can make transactions. Here's how it works in the "Tinkoff investment."

How to open an account

leave the application for opening an account on the site. If you already have a debit card "Tinkoff Bank" contract with a broker can be concluded online. If the card is not present, you will arrive representative of the bank and will bring the application and map Tinkoff Black - it is necessary to replenish the account and withdraw money from there. Brokerage account will be opened in a couple of days after the conclusion of the contract.

How to buy currency

Here are step by step video instructions.

To withdraw money, you need to make your card multicurrency. It's simple: you need to go into the application and add a new account card. Dollars will come to a US dollar account, while the euro - at evrovy.

How to get the bonus of "Tinkoff Investments"

Brokerage account is opened free of charge.

You can open a brokerage account in the "Tinkoff investments" now, and use it only when necessary - for example, if you need to buy the currency before the holiday.

With brokerage score you can buy not only the currency but also stocks, and bonds. You want to try yourself in the role of the investor - do not have to open up further.

Bonus for readers Layfhakera - 0% commission and free service account to the end of the year.

Open a brokerage account

If you are reading an article from your smartphone - can download the app and see how to construct "Tinkoff Investments".