Understanding the Table:
The comparison table above helps you see the total cost of your State Bank of India 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 State Bank of India INR to USD exchange rate is 0.0111. This is -4.3% compared to the latest INR-USD mid-market rate 0.011601.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Indian rupee (INR) to US dollar (USD) rates from different sources before making a conversion.
The above State Bank of India - Rupee to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by State Bank of India and other foreign exchange providers against the latest INR-USD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best INR to USD exchange rate is 0.0115 from Wise, -0.87% from the mid-market rate 0.011601. The next best rate is 0.0114 from WorldRemit, -1.7% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like State Bank of India 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.
The Indian rupee (INR) is currently experiencing mixed influences, primarily affected by recent developments in U.S.
Recent forecasts for the INR to EUR exchange rate indicate a complex landscape influenced by various geopolitical and economic factors.
The INR to JPY exchange rate is currently at 1.6721, representing a 1.6% decline from its three-month average of 1.6996.
View a full list of exchange rates by selecting your Base (from) currency: