diff --git a/pkg/transformers/integration_tests/vat_fold.go b/pkg/transformers/integration_tests/vat_fold.go
index 6331a89c..83096ce4 100644
--- a/pkg/transformers/integration_tests/vat_fold.go
+++ b/pkg/transformers/integration_tests/vat_fold.go
@@ -27,7 +27,7 @@ import (
 
 var _ = Describe("VatFold Transformer", func() {
 	It("transforms VatFold log events", func() {
-		blockNumber := int64(9051149)
+		blockNumber := int64(9367233)
 		config := vat_fold.VatFoldConfig
 		config.StartingBlockNumber = blockNumber
 		config.EndingBlockNumber = blockNumber
@@ -61,6 +61,6 @@ var _ = Describe("VatFold Transformer", func() {
 		dbResult := dbResults[0]
 		Expect(dbResult.Ilk).To(Equal("REP"))
 		Expect(dbResult.Urn).To(Equal(common.HexToAddress("0x0000000000000000000000003728e9777b2a0a611ee0f89e00e01044ce4736d1").String()))
-		Expect(dbResult.Rate).To(Equal("0"))
+		Expect(dbResult.Rate).To(Equal("0.000000000000000000000000000"))
 	})
 })
diff --git a/pkg/transformers/test_data/vat_fold.go b/pkg/transformers/test_data/vat_fold.go
index 49634f07..dd15fd74 100644
--- a/pkg/transformers/test_data/vat_fold.go
+++ b/pkg/transformers/test_data/vat_fold.go
@@ -47,7 +47,7 @@ var rawVatFoldLog, _ = json.Marshal(EthVatFoldLog)
 var VatFoldModel = vat_fold.VatFoldModel{
 	Ilk:              "REP",
 	Urn:              "0x3728e9777B2a0a611ee0F89e00E01044ce4736d1",
-	Rate:             "2",
+	Rate:             "0.000000000000000000000000002",
 	LogIndex:         EthVatFoldLog.Index,
 	TransactionIndex: EthVatFoldLog.TxIndex,
 	Raw:              rawVatFoldLog,
diff --git a/pkg/transformers/vat_fold/converter.go b/pkg/transformers/vat_fold/converter.go
index cd963756..1e13394d 100644
--- a/pkg/transformers/vat_fold/converter.go
+++ b/pkg/transformers/vat_fold/converter.go
@@ -20,6 +20,7 @@ import (
 	"errors"
 	"github.com/ethereum/go-ethereum/common"
 	"github.com/ethereum/go-ethereum/core/types"
+	"github.com/vulcanize/vulcanizedb/pkg/transformers/shared"
 	"github.com/vulcanize/vulcanizedb/pkg/transformers/shared/constants"
 )
 
@@ -35,7 +36,7 @@ func (VatFoldConverter) ToModels(ethLogs []types.Log) ([]interface{}, error) {
 
 		ilk := string(bytes.Trim(ethLog.Topics[1].Bytes(), "\x00"))
 		urn := common.BytesToAddress(ethLog.Topics[2].Bytes()).String()
-		rate := ethLog.Topics[3].Big().String()
+		rate := shared.ConvertToRay(ethLog.Topics[3].Big().String())
 		raw, err := json.Marshal(ethLog)
 
 		if err != nil {