This calculator compares exchange rates for GBP to INR international money transfers. You can also use our quick and easy GBP to INR currency converter instead.
| Foreign Transfer Providers | Amount INR(₹) | Exchange Rate | Fee GBP | Total Cost | Transfer Services | Transfer Speed | Reviews | Deal Links |
|---|---|---|---|---|---|---|---|---|
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More | 442,150 INR Top Provider | 88.43 | £0^ | 2.39% | Bank Transfers - Online & Phone | 1-2 days |  | |
 TorFX provide no fee transfers with good exchange rates and excellent customer service. More | 441,950 INR ₹200 less | 88.39 | 0 | 2.43% | Bank Transfers - Online & Phone | 1-2 days | | |
Banks - Average Rate      Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More | 428,521 INR ₹13,629 less | 85.96 | 15 | 5.4% | Online, Branch, Bank Transfers | 2-3 days |
This calculator compares exchange rates for GBP to INR international money transfers. You can also use our quick and easy GBP to INR currency converter instead.
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the GBP vs INR, you should pay attention to both British Pound Sterling and Indian Rupee news and forecasts.
10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.
The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.
In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.
How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.
Like other emerging market currencies, the Indian rupee has been under significant pressure in 2018. It made an all-time low in October of 74.5 to the dollar and fell to a 4-1/2-year low versus the euro, which bought 86.15 rupees.
By the time of this report (November-21), the rupee had, though, recovered somewhat, reaching its strongest levels of the fourth quarter. Recoveries worth 5 and 6 percent against the dollar and euro respectively had USD/INR and EUR/INR trading at 70.92 and 80.974.
Among major problems for the rupee in 2018 has been the high price of oil, which raises India’s import bill substantially, but as luck would have it, the oil market has experienced a complete reversal in Q4. A $24 per barrel (30 percent) plunge in the oil price over 7 weeks is a blessing.
Political uncertainty (never good for a currency’s valuation) is likely to emerge in 2019, with expectations of a tough electoral battle for current Indian prime minister Narendra Modi.
One analyst said in November that the rupee would likely end 2018 stronger at 68 per US dollar.
