diff --git a/Packages/Store/Sources/Models/PriceRecord.swift b/Packages/Store/Sources/Models/PriceRecord.swift
index c30db1565..ed97ef30e 100644
--- a/Packages/Store/Sources/Models/PriceRecord.swift
+++ b/Packages/Store/Sources/Models/PriceRecord.swift
@@ -89,11 +89,11 @@ extension PriceRecord: Identifiable {
 }
 
 extension AssetPrice {
-    var record: PriceRecord {
-        return PriceRecord(
+    func record(fiatPrice: Double) -> PriceRecord {
+        PriceRecord(
             assetId: assetId,
-            price: price,
-            priceUsd: price,
+            price: fiatPrice,
+            priceUsd: self.price,
             priceChangePercentage24h: priceChangePercentage24h
         )
     }
diff --git a/Packages/Store/Sources/Stores/PriceStore.swift b/Packages/Store/Sources/Stores/PriceStore.swift
index 906496340..fd10c1efa 100644
--- a/Packages/Store/Sources/Stores/PriceStore.swift
+++ b/Packages/Store/Sources/Stores/PriceStore.swift
@@ -29,11 +29,12 @@ public struct PriceStore: Sendable {
         let rate = try getRate(currency: currency)
         try db.write { db in
             for assetPrice in prices {
-                let _ = try assetPrice.record.upsertAndFetch(
+                let convertedPrice = assetPrice.price * rate.rate
+                let _ = try assetPrice.record(fiatPrice: convertedPrice).upsertAndFetch(
                     db,
                     onConflict: [],
                     doUpdate: { _ in [
-                        PriceRecord.Columns.price.set(to: assetPrice.price * rate.rate),
+                        PriceRecord.Columns.price.set(to: convertedPrice),
                         PriceRecord.Columns.priceUsd.set(to: assetPrice.price),
                         PriceRecord.Columns.priceChangePercentage24h.set(to: assetPrice.priceChangePercentage24h),
                         PriceRecord.Columns.updatedAt.set(to: Date()),
diff --git a/Packages/Store/Tests/StoreTests/PriceStoreTests.swift b/Packages/Store/Tests/StoreTests/PriceStoreTests.swift
new file mode 100644
index 000000000..81611ba43
--- /dev/null
+++ b/Packages/Store/Tests/StoreTests/PriceStoreTests.swift
@@ -0,0 +1,29 @@
+// Copyright (c). Gem Wallet. All rights reserved.
+
+import Testing
+import Store
+import Primitives
+import PrimitivesTestKit
+import StoreTestKit
+
+struct PriceStoreTests {
+
+    @Test
+    func firstInsertAppliesCurrencyRate() throws {
+        let db = DB.mockWithChains([.ethereum])
+        let priceStore = PriceStore(db: db)
+        let fiatRateStore = FiatRateStore(db: db)
+
+        let assetId = Chain.ethereum.assetId
+        let rate = 90.0
+        let priceUsd = 2500.0
+        let currency = Currency.rub.rawValue
+
+        try fiatRateStore.add([FiatRate(symbol: currency, rate: rate)])
+        try priceStore.updatePrices(prices: [.mock(assetId: assetId, price: priceUsd)], currency: currency)
+
+        let result = try priceStore.getPrices(for: [assetId.identifier])
+
+        #expect(result.first?.price == priceUsd * rate)
+    }
+}