diff --git a/back/methods/collection/exchangeRateUpdate.js b/back/methods/collection/exchangeRateUpdate.js
index b1272d73a8..3ad06b242b 100644
--- a/back/methods/collection/exchangeRateUpdate.js
+++ b/back/methods/collection/exchangeRateUpdate.js
@@ -17,8 +17,10 @@ module.exports = Self => {
         const response = await axios.get('http://www.ecb.europa.eu/stats/eurofxref/eurofxref-hist-90d.xml');
         const xmlData = response.data;
 
-        const doc = new DOMParser().parseFromString(xmlData, 'text/xml');
-        const cubes = doc.getElementsByTagName('Cube');
+        const doc = new DOMParser({errorHandler: {warning: () => {}}})?.parseFromString(xmlData, 'text/xml');
+        const cubes = doc?.getElementsByTagName('Cube');
+        if (!cubes || cubes.length === 0)
+            throw new UserError('No cubes found. Exiting the method.');
 
         const models = Self.app.models;
 
@@ -27,7 +29,7 @@ module.exports = Self => {
         const maxDate = maxDateRecord?.dated ? new Date(maxDateRecord.dated) : null;
 
         for (const cube of Array.from(cubes)) {
-            if (cube.nodeType === 1 && cube.attributes.getNamedItem('time')) {
+            if (cube.nodeType === doc.ELEMENT_NODE && cube.attributes.getNamedItem('time')) {
                 const xmlDate = new Date(cube.getAttribute('time'));
                 const xmlDateWithoutTime = new Date(xmlDate.getFullYear(), xmlDate.getMonth(), xmlDate.getDate());
                 if (!maxDate || maxDate < xmlDateWithoutTime) {
diff --git a/back/methods/collection/spec/exchangeRateUpdate.spec.js b/back/methods/collection/spec/exchangeRateUpdate.spec.js
new file mode 100644
index 0000000000..7086c37a36
--- /dev/null
+++ b/back/methods/collection/spec/exchangeRateUpdate.spec.js
@@ -0,0 +1,52 @@
+describe('exchangeRateUpdate functionality', function() {
+    const axios = require('axios');
+    const models = require('vn-loopback/server/server').models;
+
+    beforeEach(function() {
+        spyOn(axios, 'get').and.returnValue(Promise.resolve({
+            data: `<Cube>
+                    <Cube time='2024-04-12'>
+                        <Cube currency='USD' rate='1.1'/>
+                        <Cube currency='CNY' rate='1.2'/>
+                    </Cube>
+                </Cube>`
+        }));
+    });
+
+    it('should process XML data and update or create rates in the database', async function() {
+        spyOn(models.ReferenceRate, 'findOne').and.returnValue(Promise.resolve(null));
+        spyOn(models.ReferenceRate, 'create').and.returnValue(Promise.resolve());
+
+        await models.Collection.exchangeRateUpdate();
+
+        expect(models.ReferenceRate.create).toHaveBeenCalledTimes(2);
+    });
+
+    it('should not create or update rates when no XML data is available', async function() {
+        axios.get.and.returnValue(Promise.resolve({}));
+        spyOn(models.ReferenceRate, 'create');
+
+        let thrownError = null;
+        try {
+            await models.Collection.exchangeRateUpdate();
+        } catch (error) {
+            thrownError = error;
+        }
+
+        expect(thrownError.message).toBe('No cubes found. Exiting the method.');
+    });
+
+    it('should handle errors gracefully', async function() {
+        axios.get.and.returnValue(Promise.reject(new Error('Network error')));
+        let error;
+
+        try {
+            await models.Collection.exchangeRateUpdate();
+        } catch (e) {
+            error = e;
+        }
+
+        expect(error).toBeDefined();
+        expect(error.message).toBe('Network error');
+    });
+});