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Best Exchange Rates

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Compare INR to USD foreign transfers

Save with best rates & low fees on United States Dollar foreign transfers versus the Banks

 

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Compare INR to USD Foreign Transfers vs the Banks

ProvidersAmount USD($)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
Instarem logo
137.92 USD0.01379200.75%
 
ICICI Bank
ICICI Bank logo
132.62 USD0.013396₹1004.56%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
132.28 USD0.013361154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank
Indian Bank logo
131.93 USD0.013326₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:0
Exchange Rate:0.013792 (0.75% from mid-rate)
USD amount:137.92 USD
Total Cost:0.75%
Time:1:03 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
ICICI Bank: Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.013396 (3.6% from mid-rate)
USD amount:132.62 USD
Total Cost:4.56%
Difference:
$5.3 less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Indian Bank logo ICICI Bank logo

Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:15
Exchange Rate:0.013062 (6% from mid-rate)
USD amount:132.28 USD
Total Cost:4.81%
Difference:
$5.64 less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Indian Bank: Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.013326 (4.1% from mid-rate)
USD amount:131.93 USD
Total Cost:5.06%
Difference:
$5.99 less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /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 INR/USD mid-rate: 0.013896

This calculator compares exchange rates for INR to USD international money transfers. You can also use our quick and easy INR to USD currency converter instead.

Currency news and forecasts for Indian Rupee and United States Dollar

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 INR vs USD, you should pay attention to both Indian Rupee and United States Dollar news and forecasts.

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.

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.