diff --git a/tests/test_Rate.py b/tests/test_Rate.py
new file mode 100644
index 0000000000000000000000000000000000000000..98ebdf9c76dba9eb6eb0eab66994a5cbb0691e4c
--- /dev/null
+++ b/tests/test_Rate.py
@@ -0,0 +1,23 @@
+import datetime
+import io
+import json
+
+from . import relpath
+
+import oxrlib.rate
+import pytest
+
+@pytest.fixture
+def historical1_rate():
+    with open(relpath('historical1.json').as_posix()) as rate_file:
+        return oxrlib.rate.Rate.from_json_file(rate_file)
+
+def test_rate_from_json(historical1_rate):
+    assert historical1_rate.base == 'USD'
+    assert historical1_rate.timestamp == datetime.datetime(2001, 2, 16, 12, 0, 0)
+
+def test_serialize(historical1_rate):
+    with open(relpath('historical1.json').as_posix()) as rate_file:
+        expected = json.load(rate_file)
+    assert expected == historical1_rate.serialize()
+