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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’.
State Bank of India is India’s largest commercial bank and the world’s largest player in the Indian rupee foreign exchange market. This unique position enables State Bank to offer the most competitive quote for Indian Rupees.
So when you remit money to India through State Bank of India, Sydney you can be assured that you have received the most Indian Rupees for your foreign currency. Further, the entire transfer is arranged for a small service fee0, irrespective of the amount to be transferred.
* You must be a customer of State Bank of India to use their exchange currency services.
The best USD to GBP exchange rate is our partner deal rate of 0.7431 from OFX . This is -0.5% compared to the mid-market rate 0.7468.
The standard OFX USD-GBP rate is 0.7336, -1.8% from the mid-rate. Visit OFX here to secure the better rate.
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 British pound (GBP) rates from different sources before making a conversion.
The above State Bank of India - Dollar to Sterling 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 USD-GBP mid-rate and the possible savings of using various providers.
Looking at the full USD to GBP - Send Money comparison table the provider with the best USD to GBP exchange rate is OFX at 0.7431, -0.5% from the latest mid-market rate 0.7468.
The next best is XE at 0.7423, -0.6% from the mid-rate.
Then Wise at 0.7419, which is -0.66% from the mid-rate.
The Western Union rate is 0.7393 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 0.6925 at -7.3% the Wells Fargo Bank rate is 0.688 at -7.9% and the Citibank rate is 0.7224 at -3.3% compared to the mid-rate 0.7468.
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.
View a full list of exchange rates by selecting your Base (from) currency:
