Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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’.
The HSBC USD to INR exchange rate is 82.44. This is -6% compared to the latest USD-INR mid-market rate 87.70.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Indian rupee (INR) rates from different sources before making a conversion.
The above HSBC - Dollar to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest USD-INR mid-rate and the possible savings of using various providers.
Looking at the full USD to INR - Send Money comparison table the provider with the best USD to INR exchange rate is Wise at 87.18, -0.59% from the latest mid-market rate 87.70.
The next best is XE at 87.17, -0.6% from the mid-rate.
Then Western Union at 86.3, which is -1.6% from the mid-rate.
Among the banks the Chase Bank rate is 79.81 at -9% the Wells Fargo Bank rate is 79.29 at -9.6% and the Citibank rate is 83.32 at -5% compared to the mid-rate 87.70.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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:
