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’.
US dollar (USD) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Bullish-to-range-bound, as the USD is currently above the 90-day average and in the upper half of the 3-month range.
Bias: The USD/EUR exchange rate is bullish-to-range-bound, currently above the 90-day average and in the upper half of its 3-month range.
Bias: The outlook for USD/JPY is bullish-to-range-bound, as it currently sits above the 90-day average and in the upper half of the 3-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Indian rupee across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-INR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The State Bank of India USD to INR exchange rate is 86.63. This is -4.5% compared to the latest USD-INR mid-market rate 90.71.
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 State Bank of India - Dollar to Rupee 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-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 XE at 90.17, -0.6% from the latest mid-market rate 90.71.
The next best is Wise at 89.63, -1.2% from the mid-rate.
Then Western Union at 89.26, which is -1.6% from the mid-rate.
Among the banks the Chase Bank rate is 79.66 at -12.2% the Wells Fargo Bank rate is 79.12 at -12.8% and the Citibank rate is 83.29 at -8.2% compared to the mid-rate 90.71.
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:
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