What is the best Send Money conversion rate for ZAR to INR?
The best ZAR to INR exchange rate is 4.5094 from XE. This is -0.6% compared to the mid-market rate 4.5366.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare South African rand (ZAR) to Indian rupee (INR) rates from different sources before making a conversion.
How do ZAR-INR rates compare between providers?
Looking at our comparison table the best ZAR to INR exchange rate is 4.5094 from XE, -0.6% from the mid-market rate 4.5366. The next best rate is 4.4821608 from , -1.2% from the mid-rate. Then WorldRemit with 4.4504 is -1.9% from the mid-rate.
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 or platforms that offer rates closer to the mid-market rate.
The Rand to Rupee comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest ZAR-INR mid-rate (see Market Data below ) and the possible savings of using various providers.