GBP to INR Transfers Compared

   

GBP to INR is under pressure, trading around 117.0, down 1.1% from the 3-month avg of 118.3. Analysts are concerned about UK inflation and possible BoE rate cuts, while the INR gains support from RBI interventions. Upcoming data could lead to further volatility

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What is the best Send Money conversion rate for GBP to INR?

The best GBP to INR exchange rate is 116.38 from Wise. This is -0.5% compared to the mid-market rate 116.96.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Indian rupee (INR) rates from different sources before making a conversion.

The above Sterling 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 GBP-INR mid-rate and the possible savings of using various providers. 

How do GBP-INR rates compare between providers?

Looking at the full GBP to INR - Send Money comparison table the provider with the best GBP to INR exchange rate is Wise at 116.38, -0.5% from the latest mid-market rate 116.96.

The next best is XE at 116.26, -0.6% from the mid-rate.

Then Currencies Direct at 116.02, which is -0.8% from the mid-rate.

The Western Union rate is 115.2 which is -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is 109.65 at -6.2% the Royal Bank of Scotland rate is 110.35 at -5.7% and the Barclays Bank rate is 112.22 at -4.1% compared to the mid-rate 116.96.

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.