Understanding the Table:
The comparison table above helps you see the total cost of your Remitly 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 Remitly USD to INR exchange rate is 83.84. This is -2.5% compared to the latest USD-INR mid-market rate 85.99.
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 Remitly - Dollar to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Remitly 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 85.48, -0.59% from the latest mid-market rate 85.99.
The next best is XE at 85.47, -0.6% from the mid-rate.
Then Western Union at 84.61, which is -1.6% from the mid-rate.
Among the banks the Chase Bank rate is 78.21 at -9% the Wells Fargo Bank rate is 77.7 at -9.6% and the Citibank rate is 81.65 at -5% compared to the mid-rate 85.99.
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 like Remitly or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
