diff --git a/requirements-dev.txt b/requirements-dev.txt
index 7703670..21a7017 100644
--- a/requirements-dev.txt
+++ b/requirements-dev.txt
@@ -5,3 +5,4 @@ requests==2.32.3
 
 # Dev only packages.
 black==24.4.2
+coverage==7.5.3
diff --git a/run_tests.py b/run_tests.py
index f695555..174d6b3 100644
--- a/run_tests.py
+++ b/run_tests.py
@@ -2,8 +2,17 @@
 
 
 def main():
-    subprocess.call(["python", "-m", "unittest"])
+    # Run tests with coverage
+    subprocess.call(["python", "-m", "coverage", "run", "-m", "unittest", "discover"])
+
+    # Generate the coverage report in the terminal
+    subprocess.call(["python", "-m", "coverage", "report", "-m"])
+
+    # Generate the HTML coverage report
+    subprocess.call(["python", "-m", "coverage", "html"])
+
     print("\n\nTests completed.")
+    print("HTML report generated at 'htmlcov/index.html'")
 
 
 if __name__ == "__main__":
diff --git a/tests/test_rates.py b/tests/test_rates.py
index 54dd666..aa7d7c7 100644
--- a/tests/test_rates.py
+++ b/tests/test_rates.py
@@ -1,4 +1,9 @@
+import json
 import unittest
+from unittest.mock import patch, MagicMock
+
+import requests
+
 from tipbot import rates
 from .samples import UPDATE
 
@@ -6,4 +11,48 @@
 class TestRate(unittest.TestCase):
     def test_get_rate(self):
         rate = rates.get_rate(UPDATE)
-        self.assertIs(type(rate), float)
+        self.assertIsInstance(rate, float)
+
+    def test_get_rate_unsupported_currency(self):
+        mock_update = MagicMock()
+        rates.get_rate(mock_update, "XYZ")
+
+        mock_update.message.reply_text.assert_called_once_with(
+            "XYZ is not a supported currency."
+        )
+
+    @patch("tipbot.rates.requests.get")
+    def test_get_rate_api_failure(self, mock_requests_get):
+        mock_requests_get.side_effect = requests.exceptions.RequestException
+        mock_update = MagicMock()
+        rates.get_rate(mock_update, "USD")
+
+        mock_update.message.reply_text.assert_called_once_with(
+            f"Unable to contact {rates.RATE_API}"
+        )
+
+    @patch("tipbot.rates.requests.get")
+    def test_get_rate_http_error(self, mock_requests_get):
+        mock_response = MagicMock()
+        mock_response.raise_for_status.side_effect = requests.exceptions.HTTPError
+        mock_response.text = "Error message"
+        mock_requests_get.return_value = mock_response
+        mock_update = MagicMock()
+        rates.get_rate(mock_update, "USD")
+
+        mock_update.message.reply_text.assert_called_once_with(
+            f"Unable to contact {rates.RATE_API}"
+        )
+
+    @patch("tipbot.rates.requests.get")
+    def test_get_rate_parse_failure(self, mock_requests_get):
+        mock_response = MagicMock()
+        mock_response.raise_for_status = MagicMock()
+        mock_response.json.side_effect = json.JSONDecodeError("Expecting value", "", 0)
+        mock_requests_get.return_value = mock_response
+        mock_update = MagicMock()
+        rates.get_rate(mock_update, "USD")
+
+        mock_update.message.reply_text.assert_called_once_with(
+            f"Unable to parse rate data: {mock_response.text}"
+        )
diff --git a/tipbot/rates.py b/tipbot/rates.py
index 1940536..48ac163 100644
--- a/tipbot/rates.py
+++ b/tipbot/rates.py
@@ -1,6 +1,12 @@
+import json
+import logging
+
 import requests
 
 
+logger = logging.getLogger(__name__)
+
+
 RATE_API = "https://bitpay.com/rates/BCH/"
 CURRENCY_CODE = {
     "BTC": 0,
@@ -173,7 +179,7 @@
 }
 
 
-def get_rate(update, currency="USD"):
+def get_rate(update, currency: str = "USD") -> float:
     """Returns the BCH price fetching BitPay API
 
     API documentation:
@@ -182,13 +188,20 @@ def get_rate(update, currency="USD"):
     currency = currency.upper()
 
     if currency not in CURRENCY_CODE:
-        return update.message.reply_text(f"{currency} is not a supported " "currency.")
+        return update.message.reply_text(f"{currency} is not a supported currency.")
 
-    r = requests.get(RATE_API)
-    if r.status_code != 200:  # pragma: no cover
+    try:
+        response = requests.get(RATE_API)
+        response.raise_for_status()
+        data = response.json()["data"]
+        rate = data[CURRENCY_CODE[currency]]["rate"]
+        return rate
+    except requests.exceptions.RequestException as e:
+        logger.exception("Failed to fetch rate")
+        if isinstance(e, requests.exceptions.HTTPError):
+            logger.info(response.text)
         return update.message.reply_text(f"Unable to contact {RATE_API}")
-
-    data = r.json()["data"]
-    rate = data[CURRENCY_CODE[currency]]["rate"]
-
-    return rate
+    except (json.JSONDecodeError, KeyError):
+        message = f"Unable to parse rate data: {response.text}"
+        logger.exception(message)
+        return update.message.reply_text(message)