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Compare GBP to INR foreign transfers

Save with best rates & low fees on Indian Rupee foreign transfers versus the Banks

 

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Compare GBP to INR Foreign Transfers vs the Banks

Foreign Transfer ProvidersAmount INR(₹)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
OFX logo
442,150 INR
Top Provider
88.43£0^2.39%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
441,950 INR
₹200 less
88.3902.43%Bank Transfers - Online & Phone1-2 days
 
HSBC logo
432,850 INR
₹9,300 less
86.7£7.54.44%Online, Branch, Bank Transfers2-3 days
Natwest Bank logo
430,455 INR
₹11,695 less
86.35154.97%Online, Branch, Bank Transfers2-3 days
 
Citibank
Citibank logo
428,519 INR
₹13,631 less
85.91125.4%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
428,521 INR
₹13,629 less
85.96155.4%Online, Branch, Bank Transfers2-3 days
Santander logo
426,039 INR
₹16,111 less
85.55205.95%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
424,744 INR
₹17,406 less
85.29206.23%Online, Branch, Bank Transfers2-3 days
 
 
OFX: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:88.43 (2.39% from mid-rate)
INR amount:442,150 INR
Total Cost:2.39%
Time:
Rate Fetched: Sun Dec 16 2018 16:10:26 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:
Exchange Rate:88.39 (2.43% from mid-rate)
INR amount:441,950 INR
Total Cost:2.43%
Difference:
₹200 less than using OFX
Time:18:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
HSBC: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:86.7 (4.3% from mid-rate)
INR amount:432,850 INR
Total Cost:4.44%
Difference:
₹9,300 less than using OFX
Time:18:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Natwest Bank: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:86.35 (4.69% from mid-rate)
INR amount:430,455 INR
Total Cost:4.97%
Difference:
₹11,695 less than using OFX
Time:18:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Citibank: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:85.91 (5.17% from mid-rate)
INR amount:428,519 INR
Total Cost:5.4%
Difference:
₹13,631 less than using OFX
Time:18:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo

Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:85.29 (5.86% from mid-rate)
INR amount:428,521 INR
Total Cost:5.4%
Difference:
₹13,629 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Santander: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:85.55 (5.57% from mid-rate)
INR amount:426,039 INR
Total Cost:5.95%
Difference:
₹16,111 less than using OFX
Time:18:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
Lloyds TSB: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:85.29 (5.86% from mid-rate)
INR amount:424,744 INR
Total Cost:6.23%
Difference:
₹17,406 less than using OFX
Time:18:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs GBP/INR mid-rate: 90.5954

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.

Currency news and forecasts for British Pound Sterling and Indian Rupee

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.

British Pound Sterling (GBP) - Market 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.

Indian Rupee (INR) - Market news and forecasts

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.