Understanding the Table:
The comparison table above helps you see the total cost of your Scotiabank 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’.
British pound (GBP) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/INR Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and trading within a volatile range.
USD/INR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a clear driver for significant movement.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Indian rupee across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-INR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to INR exchange rate is 126.45 from Wise. This is -0.57% compared to the mid-market rate 127.17.
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 Scotiabank - Sterling to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest GBP-INR mid-rate and the possible savings of using various 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 126.45, -0.57% from the latest mid-market rate 127.17.
The next best is XE at 126.41, -0.6% from the mid-rate.
Then Western Union at 125.27, which is -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is 109.26 at -14.1% the Royal Bank of Scotland rate is 110.03 at -13.5% and the Barclays Bank rate is 112.67 at -11.4% compared to the mid-rate 127.17.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Scotiabank 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:
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