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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to India can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to India bank accounts or pay a Indian rupee invoice.
Special drawing rights (XDR) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
In the near term, USD/INR is trading close to 92.60, near 90-day highs, and supported by risk-off sentiment. The pair has been consolidating within its recent range, with safe-haven flows pressuring the USD.
In the near term, EUR/INR is trading close to the recent 3-month average, holding near recent lows within a stable range. Risk sentiment remains the dominant force, supporting a cautious bias.
In the near term, INR/GBP is trading close to its 3-month high and the recent range. The pair is supported by a risk-off environment, but the dominant driver from structured analysis indicates a potential for...
To help you understand the real-world value of the current exchange rate, the table below shows how much Special drawing rights are worth in Indian rupee across a range of amounts.
This gives a quick view of what you’d get when converting different XDR amounts at today’s rate * :
*Converted at the current XDR-INR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Special drawing rights (XDR) to Indian rupee (INR) rates from different sources before making a conversion.
The above Special drawing rights to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest XDR-INR mid-rate and the possible savings of using various providers.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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